This Website uses cookies. By using this website you are agreeing to our use of cookies and to the terms and conditions listed in our data protection policy. Read more

Will Joe Biden's proposed taxes on capital make America an outlier?

Research by  Daniel Waldenström, IFN, och Spencer Bastani, IFAU and affiliated with IFN, is referred to in The Economist.

"America’s total taxes on capital brought in revenues worth about 5% of gdp in 2018, according to analysis by Spencer Bastani of the Institute for Evaluation of Labour Market and Education Policy and Daniel Waldenstrom of the Research Institute of Industrial Economics, two Swedish think-tanks. That compares with an average of 5.8% for a panel of 16 oecd countries. What is distinctive about America is its mix of capital taxes. Its corporate tax raises relatively meagre revenues (see chart), whereas property-tax revenues are unusually high."

Read the article here