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Pareto Efficient Tax Structures

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Author Info
Brito, Dagobert L, et al
Abstract

Most analyses of optimal income taxation make restrictive technical assumptions on preferences (such as single-crossing) and only derive properties of welfare-maximizing tax schedules. Here, for an economy with any finite numbers of groups and commodities, Pareto efficient tax structures are described assuming only continuity and monotonicity of preference. Most results follow directly from a property of self-selection: at an optimum, one group will never envy the bundle of another group which pays a larger total tax. The bundle of a group paying the largest total tax is undistorted. Assuming normality, undistorted outcomes for a group form a connected segment on the constrained utility possibility frontier. The tax structure at distorted outcomes is also described. Copyright 1990 by Royal Economic Society.

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Article provided by Oxford University Press in its journal Oxford Economic Papers.

Volume (Year): 42 (1990)
Issue (Month): 1 (January)
Pages: 61-77
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Handle: RePEc:oup:oxecpp:v:42:y:1990:i:1:p:61-77

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  8. Homburg, Stefan, 2002. "The Optimal Income Tax: Restatement and Extensions," Diskussionspapiere der Wirtschaftswissenschaftlichen Fakultät der Universität Hannover dp-252, Universität Hannover, Wirtschaftswissenschaftliche Fakultät. [Downloadable!]
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