LOUIS KAPLOW The Theory of Taxation and Public Economics
The Theory of taxation and public economics 01_Kaplow_Prelims_pooi-pxoxii indd
The Theory of Taxation and Public Economics a 01_Kaplow_Prelims_p00i-pxxii.indd i 1_Kaplow_Prelims_p00i-pxxii.indd i 10/16/2007 11:20:59 AM 0/16/2007 11:20:59 AM
LOUIS KAPLOW The Theory of Taxation and public economics PRINCETON UNIVERSITY PRESS PRINCETON AND OXFORD 01_Kaplow_Prelims_po0i-pxoxii indd i
louis kaplow The Theory of Taxation and Public Economics a princeton university press princeton and oxford 01_Kaplow_Prelims_p00i-pxxii.indd iii 1_Kaplow_Prelims_p00i-pxxii.indd iii 10/16/2007 11:20:59 AM 0/16/2007 11:20:59 AM
Copyright o 2008 by Princeton University Press Published by Princeton University Press, 41 William Street, Princeton, New Jersey 08540 In the United King Princeton University Press, 3 Market Place, Woodstock, Oxfordshire OX20 ISY ISBN-13:978-0-691-130774 ISBN-10:0-691-13077-9 This book has been composed in Minion Printed on acid-free paper. Pup.pr Printed in the United States of america ⑥
Copyright © 2008 by Princeton University Press Published by Princeton University Press, 41 William Street, Princeton, New Jersey 08540 In the United Kingdom: Princeton University Press, 3 Market Place, Woodstock, Oxfordshire OX20 1SY All Rights Reserved ISBN-13: 978-0-691-13077-4 ISBN-10: 0-691-13077-9 British Library Cataloging-in-Publication Data is available This book has been composed in Minion Printed on acid-free paper. ∞ pup.princeton.edu Printed in the United States of America 10 9 8 7 6 5 4 3 2 1 01_Kaplow_Prelims_p00i-pxxii.indd iv 1_Kaplow_Prelims_p00i-pxxii.indd iv 10/16/2007 11:20:59 AM 0/16/2007 11:20:59 AM
St unnai ry of Contents Pr 1. Introduction PART I: FRAMEWORK 2. An Integrated View 13 3. The Social Objective PART II: OPTIMAL TAXATION 4. Optimal Income Taxation 5. Elaboration and extensions 6. Income and Commodity taxation PART III GOVERNMENT EXPENDITURES 7. Transfer Payments 8. Goods and Services 179 PART IV ADDITIONAL ASPECTS OF TAXATION 9. Taxation of Capital 221 10. Taxation of Transfers 11. Taxation and Social Security 12. Taxation of families 315 1_Kaplow_Prelims_p0oi-pxoxiiindd vil
Summary of Contents a Preface xvii 1. Introduction 1 PART I: FRAMEWORK 2. An Integrated View 13 3. The Social Objective 35 PART II: OPTIMAL TAXATION 4. Optimal Income Taxation 53 5. Elaboration and Extensions 80 6. Income and Commodity Taxation 122 PART III: GOVERNMENT EXPENDITURES 7. Transfer Payments 151 8. Goods and Services 179 PART IV: ADDITIONAL ASPECTS OF TAXATION 9. Taxation of Capital 221 10. Taxation of Transfers 249 11. Taxation and Social Security 275 12. Taxation of Families 315 01_Kaplow_Prelims_p00i-pxxii.indd vii 1_Kaplow_Prelims_p00i-pxxii.indd vii 10/16/2007 11:20:59 AM 0/16/2007 11:20:59 AM