A progressive capital income tax — a bad idea, or just a useless idea? Lessons for Bulgaria (1999-2018)
Progressive capital income taxation is introduced into a real-business-cycle (RBC) model with fiscal policy. The artificial economy is calibrated to Bulgarian data for the period 1999–2018. The quantitative role of progressive taxation on capital income is investigated in light of its possible stabi...
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| Format: | Article |
| Language: | English |
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AIMS Press
2020-12-01
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| Series: | National Accounting Review |
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| Online Access: | https://www.aimspress.com/article/doi/10.3934/NAR.2020024?viewType=HTML |