What is capital income and how should we think about taxing it? I thought I’d ask Ashley Craig from ANU to explain these things to us.
The topics discussed are as follows:
1 min: What is income really - and what does capital and labour income mean?
8 min: Why not just tax expenditure?
16 min: Is Haig-Simons/Comprehensive Income a good benchmark? Does it tell us anything about the potential tax changes?
28 mins: Do economists want to murder each other?
32 mins: Deductions and negative gearing.
37 mins: Tax distortions, investment selection, and risk.
44 mins: Is a dual income tax system the solution?
46 mins: Income shifting hot takes!
53 mins: Individual or household taxation? And the importance of thinking about lifecycles.
56 mins: What does GST have to do with this?
60 mins: Taking the capital gain on human capital? Thinking about the taxation of unrealised gains.
