Calendrier du 22 février 2022
PSI-PSE (Petit Séminaire Informel de la Paris School of Economics) Seminar
Du 22/02/2022 de 17:00 à 18:00
R1-13, Zoom link: https://zoom.us/j/94740575953
REUTZEL Fabian (PSE)
Inequality of Opportunity and Support for Democracy: Evidence from Transition Countries
Applied Economics Lunch Seminar
Du 22/02/2022 de 12:30 à 13:30
Salle R2.01 PSE
BOZIO Antoine (PSE/EHESS)
Do Billionnaires pay taxes?
écrit avec Laurent Bach, Arthur Guillouzouic and Clément Malgouyres
Using French tax data linking personal and corporate returns, we measure the effective tax rates of households at the top of the comprehensive income distribution and particularly billionaires, i.e. those at the top 0.0001%. Personal tax rates fall with income within the top 1%, down to almost 0% among billionaires. The wealth tax is barely less regressive than the income tax because business assets are exempted from it and because it is capped in proportion to personal, not comprehensive, income. The corporate tax appears to nearly offset the regressivity of personal taxes, making it effectively the only tax on billionaires.