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Working Paper

The Welfare Effects of Tax Simplification: a General Equilibrium Analysis

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An analysis of various schemes for simplifying the U.S. tax system, which finds that a uniform tax system performs almost as well as a system with separate taxes on labor and capital incomes, provided that a depreciation allowance is maintained.
09.01.1994ISSN 2573-7953 WP 94-09DOI 10.26509/frbc-wp-199409

Working Papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views expressed in this paper are those of the authors and do not represent the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System.

Suggested Citation

Guo, Jang-Ting, and Kevin Lansing. 1994. “The Welfare Effects of Tax Simplification: a General Equilibrium Analysis.” Federal Reserve Bank of Cleveland, Working Paper No. 94-09. https://doi.org/10.26509/frbc-wp-199409