Do Capital Income Taxes Hinder Growth?
Download Full Text
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
This work is licensed under a Creative Commons Attribution-Noncommercial 4.0 License
View on Penn Wharton PPI Website
capital income, tax, labor, economic, growth, investments
Sanchirico, Chris W., "Do Capital Income Taxes Hinder Growth?" (2013). Penn Wharton Public Policy Initiative. 39.