The Taxation of High Income Earners
Electronic Access:
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Summary:
The 1980s trends were to lower marginal personal income tax rates, scale down rate structures, and apply the highest rate at lower levels of per capita GDP. In the 1990s, driven by fiscal deficits and unemployment, and difficulty in linking high marginal rates to low incentives or revenue productivity, tax authorities are again demonstrating an interest in increasing marginal rates. This will burden those that are correctly paying the tax. Instead, equity and revenue productivity should be improved through minimum taxes, presumptive taxes, adequate inclusion of capital income in the tax base, revitalization of property taxes, and selected luxury taxes.
Series:
Policy Discussion Paper No. 1993/019
Subject:
Income and capital gains taxes Income tax systems National accounts Personal income Personal income tax Tax equity Tax incentives Tax policy Taxes
English
Publication Date:
December 1, 1993
ISBN/ISSN:
9781451964578/1564-5193
Stock No:
PPIEA0191993
Pages:
26
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