1. Introduction to Tax Policy
... and Schmidt developed a utility model in 1999 assumed that people get utility from income and disutility from being worse off or better off than other people within a progressive tax system. This utility model led to Doerrenberg and Peichl's effort in trying to prove two hypotheses. The first one is that the more progressive the tax schedule is, the higher an individual's tax ... D&P's estimation was successful, the strategy has been criticized for ˜unidentifiable' causality across countries. Lastly, we will focus on the critiques of existing methodologies. The sub-section will aim to l...
- Word Count: 674
- Approx Pages: 3
- Grade Level: Graduate