Vasilev, Aleksandar (2020) A progressive capital income tax — a bad idea, or just a useless idea? Lessons for Bulgaria (1999--2018). National Accounting Review, 2 (4). pp. 402-411. ISSN 2689-3010
Full content URL: https://doi.org/10.3934/NAR.2020024
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NAR_accepted_dec2020.pdf - Whole Document Available under License Creative Commons Attribution 4.0 International. 243kB |
| Item Type: | Article |
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| Item Status: | Live Archive |
Abstract
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.
| Keywords: | business cycles; progressive capital taxation; calibration; simulation; Bulgaria |
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| Subjects: | L Social studies > L130 Macroeconomics |
| Divisions: | Lincoln International Business School |
| ID Code: | 43579 |
| Deposited On: | 08 Jan 2021 15:41 |
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