Redistribution with Unobservable Bequests: A Case for Taxing Capital Income
在一个两期代际交叠模型中，假设能力和遗产不可观测，储蓄只能匿名征税而劳动收入可个性化非线性征税，研究发现对利息收入征收预提税与非线性劳动所得税相结合是可取的，其作用在于间接对继承财富征税。
This paper addresses the question of the optimal taxation of labour and interest income in an overlapping generations model with two unobservable characteristics, ability and inheritance. We assume realistically that saving can only be taxed anonymously, whereas the tax on labour earnings can be individualized and made non‐linear. In such a setting, we show that a withholding tax on interest income along with a non‐linear tax on labour income is desirable. The role of interest income taxation is to indirectly tax inherited wealth. JEL Classification D 63, H 2