A progressive capital income tax — a bad idea, or just a useless idea? Lessons for Bulgaria (1999-2018)

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...

Full description

Bibliographic Details
Main Author: Aleksandar Vasilev
Format: Article
Language:English
Published: AIMS Press 2020-12-01
Series:National Accounting Review
Subjects:
business cycles
progressive capital taxation
calibration
simulation
bulgaria
Online Access:https://www.aimspress.com/article/doi/10.3934/NAR.2020024?viewType=HTML
id doaj-933620a579bf4a01b09d2a44a8692604
record_format Article
spelling doaj-933620a579bf4a01b09d2a44a86926042021-01-04T06:45:12ZengAIMS PressNational Accounting Review2689-30102020-12-012440241110.3934/NAR.2020024A progressive capital income tax — a bad idea, or just a useless idea? Lessons for Bulgaria (1999-2018)Aleksandar Vasilev 0Accountancy, Finance and Economics Department, Lincoln International Business School, University of Lincoln, UKProgressive 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 stabilization role in Bulgaria over the business cycle. Unfortunately,the quantitative effect of the presence of such a tax turned out to be very small,and thus not important for either business cycle stabilization,or public finance issues.https://www.aimspress.com/article/doi/10.3934/NAR.2020024?viewType=HTMLbusiness cyclesprogressive capital taxationcalibrationsimulationbulgaria
collection DOAJ
language English
format Article
sources DOAJ
author Aleksandar Vasilev
spellingShingle Aleksandar Vasilev
A progressive capital income tax — a bad idea, or just a useless idea? Lessons for Bulgaria (1999-2018)
National Accounting Review
business cycles
progressive capital taxation
calibration
simulation
bulgaria
author_facet Aleksandar Vasilev
author_sort Aleksandar Vasilev
title A progressive capital income tax — a bad idea, or just a useless idea? Lessons for Bulgaria (1999-2018)
title_short A progressive capital income tax — a bad idea, or just a useless idea? Lessons for Bulgaria (1999-2018)
title_full A progressive capital income tax — a bad idea, or just a useless idea? Lessons for Bulgaria (1999-2018)
title_fullStr A progressive capital income tax — a bad idea, or just a useless idea? Lessons for Bulgaria (1999-2018)
title_full_unstemmed A progressive capital income tax — a bad idea, or just a useless idea? Lessons for Bulgaria (1999-2018)
title_sort progressive capital income tax — a bad idea, or just a useless idea? lessons for bulgaria (1999-2018)
publisher AIMS Press
series National Accounting Review
issn 2689-3010
publishDate 2020-12-01
description 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 stabilization role in Bulgaria over the business cycle. Unfortunately,the quantitative effect of the presence of such a tax turned out to be very small,and thus not important for either business cycle stabilization,or public finance issues.
topic business cycles
progressive capital taxation
calibration
simulation
bulgaria
url https://www.aimspress.com/article/doi/10.3934/NAR.2020024?viewType=HTML
work_keys_str_mv AT aleksandarvasilev aprogressivecapitalincometaxabadideaorjustauselessidealessonsforbulgaria19992018
AT aleksandarvasilev progressivecapitalincometaxabadideaorjustauselessidealessonsforbulgaria19992018
_version_ 1724349993645506560

Similar Items