Legal Studies Working Paper Series The Right Tax at the Right Time The Right Tax at the Right Time

Edward Kleinbard, Edward Kleinbard
The companion paper to this (Capital Taxation in an Age of Inequality) argues that a moderate flat-rate (proportional) income tax on capital imposed and collected annually has attractive theoretical and political economy properties that can be harnessed in actual tax instrument design. This paper continues the analysis by specifying in detail how such a tax might be designed.