Penn Wharton Public Policy Initiative

Do Capital Income Taxes Hinder Growth?

Title

Do Capital Income Taxes Hinder Growth?

Publication Date

2-2013

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Volume

1

Number

2

Document Type

Brief

Summary

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. Available for download at http://ssrn.com/author=2205

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Do Capital Income Taxes Hinder Growth?

Keywords

capital income, tax, labor, economic, growth, investments

Do Capital Income Taxes Hinder Growth?

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