英文摘要 |
By introducing an independent income tax system and an integrated income tax system into an endogenous growth model, this study investigates the effects of tax policy on employment, economic growth and inequality. For reasonable parameters, this paper finds that reducing individual income taxes can increase employment and economic growth, but decrease wealth and income inequality, in both tax systems. There is a negative relationship between growth and inequality. The effects of employment, growth and inequality are large in the integrated income tax system. In addition, decreasing corporate income taxes can increase employment, economic growth, wealth inequality and income inequality in both tax systems. The relationship between growth and inequality is positive. The effects of employment, growth and inequality are large in the independent income tax system. Finally, an increase in the level of tax exemption results in no employment and growth effects, yet it decreases wealth and income inequality in both tax systems. An increase in level of tax exemption leads to a larger effect on inequality in the integrated income tax system. |