The Importance of Asymmetric Tax Policy and Dangers of Aggregation

Kenneth Judd

Journal of Money, Credit and Banking, 2011, vol. 43, issue s1, 175-205

Abstract: Existing tax policies have many complex features that make distinctions across goods, factors, and financial structures that distort economic allocations. Their importance is ignored when tax policy is summarized by an “effective” tax rate. In fact, the losses due to asymmetries are often larger than the losses due to the level of taxation.

Date: 2011
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https://doi.org/10.1111/j.1538-4616.2011.00414.x

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Journal Article: The Importance of Asymmetric Tax Policy and Dangers of Aggregation (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jmoncb:v:43:y:2011:i:s1:p:175-205

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