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The welfare effects of tax simplification: a general-equilibrium analysis

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  • Jang-Ting Guo
  • Kevin J. Lansing

Abstract

An analysis of various schemes for simplifying the U.S. tax system, which finds that a uniform tax system performs almost as well as a system with separate taxes on labor and capital incomes, provided that a depreciation allowance is maintained.

Suggested Citation

  • Jang-Ting Guo & Kevin J. Lansing, 1994. "The welfare effects of tax simplification: a general-equilibrium analysis," Working Papers (Old Series) 9409, Federal Reserve Bank of Cleveland.
    • Handle: RePEc:fip:fedcwp:9409
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    Cited by:

    1. Jang-Ting Guo & Kevin J. Lansing, 1994. "Tax structure, welfare, and the stability of equilibrium in a model of dynamic optimal fiscal policy," Working Papers (Old Series) 9410, Federal Reserve Bank of Cleveland.
    2. Jang-Ting Guo & Kevin J. Lansing, 1994. "Tax structure, optimal fiscal policy, and the business cycle," Economic Review, Federal Reserve Bank of Cleveland, vol. 30(Q IV), pages 2-14.

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