The challenges of taxing the big
Los desafíos del gravamen de las rentas altas
AbstractOver the past three decades the income distribution of various advanced countries and especially of Anglo-Saxon countries has become much more uneven than in earlier decades. Several theories have been advanced to explain this change. This paper focuses on the role played by changes that took place in the “architecture” of the income taxes. The changes were promoted by theoretical arguments and empirical studies, presented by some leading economists, that argued that lower income taxes, especially on individuals at the top of the income distribution, would generate significant beneficial results. The paper challenges some of these arguments and concludes that the lowering of tax rates on high incomes was a major reason for increasing income inequality.
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