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About Households' Wealth And The Effects Of Some Tax Measures That May Affect It

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  • MIHAILA, Nicoleta

    (“Victor Slăvescu” Centre for Financial and Monetary Research, Romanian Academy, Bucharest.)

Abstract

The aim of the paper is to analyse the effects of some fiscal measures taken in the current economic context in Romania on the wealth of households. Specifically, we consider additional property taxation, 70% taxation of income without a justified source, and a correlation between a one-unit increase in property taxation, the increase in tax revenue, and the extent to which this increase affects the Gini coefficient (inequality). The methodology used is descriptive and empirical, referring to bibliographic references from specialised literature and statistical data of various national and international fiscal entities. Through regression, we demonstrated a correlation between the Gini coefficient and tax revenue increases by raising property tax revenues by 1 percentage point.

Suggested Citation

  • MIHAILA, Nicoleta, 2023. "About Households' Wealth And The Effects Of Some Tax Measures That May Affect It," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 27(4), pages 60-74, December.
    • Handle: RePEc:vls:finstu:v:27:y:2023:i:4:p:60-74
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    More about this item

    Keywords

    properties; population; tax income; tax regulations; financial and non-financial assets;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies

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