Abstract

http://ssrn.com/abstract=1907330
 


 



A Counter-Reply to Professors Bankman and Weisbach


Chris William Sanchirico


University of Pennsylvania Law School; University of Pennsylvania Wharton School - Business Economics and Public Policy Department

June 20, 2011

Tax Law Review, Vol. 64, No. 4, pp. 551-561, 2011
U of Penn Law School, Public Law Research Paper No. 11-31
U of Penn, Inst for Law & Econ Research Paper No. 11-25

Abstract:     
In “A Critical Look at the Economic Argument for Taxing Only Labor Income,” I challenge the tax substitution argument, which according to accepted wisdom fairly establishes that it is best to tax only labor earnings. A portion of Critical Look is directed at Professors Bankman and Weisbach’s application of tax substitution reasoning in two recent articles concerning the choice between income taxation and consumption taxation (which they equate, for purposes of their analysis, to labor-earnings-only taxation). Bankman and Weisbach have now issued a reply to Critical Look. In this counter-reply, I respond to their most important points.

Number of Pages in PDF File: 12

Keywords: Tax Policy, Equity And Efficiency, Optimal Taxation, Tax Substitution Argument, Consumption Tax Versus Income Tax, Atkinson and Stiglitz, Taxes Versus Legal Rules

JEL Classification: K34, D30, D31, D60, D61, D63, H00, H20, H21, J38, K00, K10

Accepted Paper Series





Download This Paper

Date posted: August 9, 2011 ; Last revised: October 7, 2011

Suggested Citation

Sanchirico, Chris William, A Counter-Reply to Professors Bankman and Weisbach (June 20, 2011). Tax Law Review, Vol. 64, No. 4, pp. 551-561, 2011; U of Penn Law School, Public Law Research Paper No. 11-31; U of Penn, Inst for Law & Econ Research Paper No. 11-25. Available at SSRN: http://ssrn.com/abstract=1907330

Contact Information

Chris William Sanchirico (Contact Author)
University of Pennsylvania Law School ( email )
3501 Sansom Street
Philadelphia, PA 19104
United States
215-898-4220 (Phone)
HOME PAGE: http://www.law.upenn.edu/faculty/csanchir/
University of Pennsylvania Wharton School - Business Economics and Public Policy Department
3641 Locust Walk
Philadelphia, PA 19104-6372
United States
Feedback to SSRN


Paper statistics
Abstract Views: 843
Downloads: 114
Download Rank: 146,835

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo3 in 0.391 seconds