Should the death tax die? And should it leave an inheritance?
AbstractIn this paper we examine the possibility of earmarking inheritance taxes to the financing of a transfer to the poor, aimed at reducing the payoff from small crime and at fostering the fulfillment of basic social responsibilities. A simple model of a society in which there are two types of agents either supplying legal labor or participating in criminal activity is presented. The effects of the transfer are examined with reference to two policy designs and to attitudes toward risk\ of the agents. Financing the transfer through inheritance taxation may be advisable as a way of collecting the needed revenue from agents who are likely to maintain strong enough incentives to good.
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Bibliographic InfoPaper provided by Institute of Public Policy and Public Choice - POLIS in its series POLIS Working Papers with number 22.
Length: 23 pages
Date of creation: Nov 2001
Date of revision:
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Web page: http://polis.unipmn.it
Inheritance Tax; Crime; Wealth Transfers;
Find related papers by JEL classification:
- H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
- H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
- K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
This paper has been announced in the following NEP Reports:
- NEP-ALL-2001-11-21 (All new papers)
- NEP-LAW-2001-11-21 (Law & Economics)
- NEP-PBE-2001-11-21 (Public Economics)
- NEP-PUB-2001-11-21 (Public Finance)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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