Tag Archives: Wealth

Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data

From Emmanuel Saez and Gabriel Zucman: This paper combines income tax returns with Flow of Funds data to estimate the distribution of household wealth in the United States since 1913. We estimate wealth by capitalizing the incomes reported by individual … Continue reading

Posted in Uncategorized | Tagged , , , , | 1 Comment

Tax Evasion on Offshore Profits and Wealth

From Gabriel Zucman: This article attempts to estimate the magnitude of corporate tax avoidance and personal tax evasion through offshore tax havens. In the United States, corporations book 20% of their profits in tax havens – a tenfold increase since … Continue reading

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

Optimal Wealth Taxation: Redistribution and Political Economy

Here are a few interesting links from Ivan Werning on capital taxation, Piketty, and political economy. 1. Optimal Wealth Taxation: Redistribution and Political Economy – slides from his plenary at SED 2014 2. A Reappraisal of Chamley-Judd Zero Capital Taxation … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , | Leave a comment

Behavioral Responses to an Annual Wealth Tax: Evidence from Sweden

From David Seim: This paper addresses the behavioral effects of an annual wealth tax. I use Swedish tax records over the period 2000-2006 to estimate bunching at kink points in the pro- gressive tax schedule and find significant estimates of … Continue reading

Posted in Uncategorized | Tagged , , , , , | Leave a comment

The Distribution of US Wealth, Capital Income, and Returns since 1913

From Paul Krugman: Emmanuel Saez and Gabriel Zucman have been developing an alternative procedure for estimating top wealth shares — preliminary slides here — and it tells a very different story from the common one. According to their estimates, the wealth … Continue reading

Posted in Uncategorized | Tagged , , , , , | Leave a comment

Wealth Inequality since 1810

Via Emmanuel Saez’s lecture notes on capital income taxation  

Posted in Uncategorized | Tagged , , , , , , | 1 Comment

Rethinking capital and wealth taxation

From Thomas Piketty and Emmanuel Saez: This paper reviews recent developments in the theory of optimal capital taxation. We emphasize three main rationales for capital taxation. First, the frontier between capital and labor income flows is often fuzzy, thereby lending … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , | 2 Comments