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Comparing Elasticities-Based Optimal Income Tax Formulas

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  • Revesz, John T

Abstract

This paper compares two explicit elasticities-based formulas for the income tax model of Mirrlees (1971)--one by Revesz (1989); the other by Saez (2001). The two formulas are very similar, but there are two minor differences. Analysis of these formulas can contribute to a better understanding of the difficulties in working out a precise solution for the non-linear income tax model, which is a unique variational problem with a circular argument, because the argument of the (tax) function to be optimized (income) is an endogenous variable, dependent on the optimal function itself.

Suggested Citation

  • Revesz, John T, 1998. "Comparing Elasticities-Based Optimal Income Tax Formulas," Public Finance = Finances publiques, , vol. 53(3-4), pages 470-479.
  • Handle: RePEc:pfi:pubfin:v:53:y:1998:i:3-4:p:470-79
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    1. Revesz, John T, 1998. "Some Comments on the Reply by Saez and the Article by Homburg [Comparing Elasticities-Based Optimal Income Tax Formulas] [An Axiomatic Proof of Mirrlees' Formula]," Public Finance = Finances publiques, , vol. 53(3-4), pages 486-488.

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