; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Optimal Capital Taxation Revisited"; ; "batchuser@example.com"; "Nicolini, Juan Pablo", "Chari, V. V.", "Teles, Pedro"; "Federal Reserve Bank of Minneapolis"; "Uniform taxation", "Long run", "Capital income tax"; "E60 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General", "E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination", "E62 - Fiscal Policy"; "We revisit the question of how capital should be taxed, arguing that if governments are allowed to use the kinds of tax instruments widely used in practice, for preferences that are standard in the macroeconomic literature, the optimal approach is to never distort capital accumulation. We show that the results in the literature that lead to the presumption that capital ought to be taxed for some time arise because of the initial confiscation of wealth and because the tax system is restricted. "^^; "2018-07-06"; "2019-05-20T18:17:03.501953457+00:00"^^; "https://doi.org/10.21034/wp.752"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Wed Oct 23 17:37:33 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "129", "780", "562"; "Working paper (Federal Reserve Bank of Minneapolis. Research Department)"; "752"; "Capital income tax", "Uniform taxation", "Long run"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "An updated version of this paper is available as Staff Report 571: https://doi.org/10.21034/sr.571."^^; ; "Publication" . ; .