Document Type
Article
Comments
Subsequently published in Journal of Public Economics, Vol. 90, Issue 6-7, August 2006, 1235-1250.
Abstract
An important result due to Atkinson and Stiglitz (1976) is that differential commodity taxation is not optimal in the presence of an optimal nonlinear income tax (given weakseparability of utility between labor and all consumption goods). This article demonstrates that their conclusion holds regardless of whether the income tax is optimal. In particular, given any commodity tax and income tax system, differential commodity taxation can be eliminated in amanner that results in a Pareto improvement. Also, differential commodity taxation can be proportionally reduced so as to generate a Pareto improvement. In addition, for commodity taxreforms that do not eliminate or proportionally reduce differential taxation, a simple efficiency condition is offered for determining whether a Pareto improvement is possible.
Date of Authorship for this Version
March 2004
Recommended Citation
Kaplow, Louis, "On the Desirability of Commodity Taxation Even When Income Taxation is Not Optimal" (2004). Harvard Law School John M. Olin Center for Law, Economics and Business Discussion Paper Series. Paper 470.
http://lsr.nellco.org/harvard_olin/470