Taxes: A Simple Scheme

4 Pages Posted: 14 Jun 2019 Last revised: 30 Sep 2020

See all articles by Eugene F. Fama

Eugene F. Fama

University of Chicago - Finance

Date Written: September 17, 2020

Abstract

Government does lots of redistribution along with expenditures for defense, education, etc. Government imposes income taxes to finance these activities. Income taxation can be done to raise revenue in a simple transparent way. Here’s a suggested scheme.

JEL Classification: H20

Suggested Citation

Fama, Eugene F., Taxes: A Simple Scheme (September 17, 2020). Fama-Miller Working Paper, Available at SSRN: https://ssrn.com/abstract=3403779 or http://dx.doi.org/10.2139/ssrn.3403779

Eugene F. Fama (Contact Author)

University of Chicago - Finance ( email )

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United States
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