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Friday, March 1, 2013

Sanchirico: Do Capital Income Taxes Hinder Growth?

Chris William Sanchirico (Pennsylvania), Do Capital Income Taxes Hinder Growth?:

One of the main arguments against raising capital income tax rates is that doing so discourages savings and investment and hinders economic growth. However, academic research on taxes and growth suggests that this argument has no real basis. And the primary alternatives to capital income taxation—labor income taxes and increased government borrowing—carry their own potentially adverse effects on growth.  

http://taxprof.typepad.com/taxprof_blog/2013/03/sanchirico.html

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