Wharton Public Policy Initiative Issue Briefs
Title
Do Capital Income Taxes Hinder Growth?
Publication Date
2-2013
Files
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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
License
This work is licensed under a Creative Commons Attribution-Noncommercial 4.0 License
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Keywords
capital income, tax, labor, economic, growth, investments
Recommended Citation
Sanchirico, Chris W., "Do Capital Income Taxes Hinder Growth?" (2013). Wharton Public Policy Initiative Issue Briefs. 39.
https://repository.upenn.edu/pennwhartonppi/39