Optimal wealth transfer taxation: a review of existing literature

Abstract

The economics of taxation have been a major subject of analysis throughout history, and it is not difficult to understand the source of this widespread interest. Taxes directly affect the daily lives of individuals, while also providing revenues of the state. They give the government access to private economic resources and enable the provision of public services. Their imposition, however, influences the distribution of personal income and may alter the division of wealth among citizens.