000			01252nam a22001457a 4500
999			_c517966 _d517966
008			210806b ||||| |||| 00| 0 eng d
100			_aScheuer, Florian and Slemrod, Joel _928301
245			_aTaxing our wealth
260			_aThe Journal of Economic Perspectives
300			_a35(1), Winter, 2021: p.207-230
520			_aThis paper evaluates proposals for an annual wealth tax. While a dozen OECD countries levied wealth taxes in the recent past, now only three retain them, with only Switzerland raising a comparable fraction of revenue as recent proposals for a US wealth tax. Studies of these taxes sometimes, but not always, find a substantial behavioral response, including of saving, portfolio change, avoidance, and evasion, and the impact depends crucially on design features, especially the broadness of the base and enforcement provisions. Because the US proposals are very different from any previous wealth tax, experience in other countries offers only broad lessons, but we can gain insights from closely related taxes, such as the property and the estate tax, and from optimal tax analysis of the role of wealth taxation. – Reproduced
773			_aThe Journal of Economic Perspectives
906			_aTAXATION
942			_cAR