Optimal taxation of capital income in a growth model with monopoly profits

Jang-Ting Guo and Kevin Lansing

No 9510, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: An extension of the standard neoclassical growth model, demonstrating that the optimal steady-state tax on capital income can be positive, negative, or zero, depending on the level of monopoly profits and the degree to which profits can be taxed.

Keywords: Taxation; Dividends (search for similar items in EconPapers)
Date: 1995
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