TY  - BOOK
AU  - Kaplow,Louis
ED  - National Bureau of Economic Research.
TI  - Human Capital and the Income Tax
T2  - NBER working paper series
PY  - 1993///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - March 1993; Hardcopy version available to institutional subscribers
N2  - This article examines how to treat human capital -- perhaps the vast majority of the capital stock -- under an ideal, Haig-Simons income tax. Innate ability, investments in human capital, and uncertainty in future earnings are considered. It is demonstrated that conventional income tax treatment and proposed modifications are closer to implementing a consumption tax than an income tax. Approximating ideal income tax treatment may be feasible, but assessing its desirability would require further inquiry
UR  - https://www.nber.org/papers/w4299
UR  - http://dx.doi.org/10.3386/w4299
ER  -