Do we now collect any revenue from taxing capital income?

Roger Gordon, Laura Kalambokidis, Joel Slemrod

Research output: Contribution to journalArticlepeer-review

30 Scopus citations


The U.S. income tax system has long been recognized as a hybrid of an income and consumption tax system, with elements that do not fit naturally into either pure system. What it actually is has important policy implications for, among other things, understanding the impact of moving closer to a pure consumption tax regime. In this paper, we examine the nature of the U.S. income tax system by calculating the revenue and distributional implications of switching from the current system to one form of consumption tax, a modified cash flow tax.

Original languageEnglish (US)
Pages (from-to)981-1009
Number of pages29
JournalJournal of Public Economics
Issue number5
StatePublished - Apr 2004


  • Capital income taxation
  • Cash-flow taxation
  • R-base tax


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