Optimal household labor income tax and transfer programs

<p><p><p>This paper covers the present state of optimal income tax theory and its applicability to the real world. </p><p></p><p></p><p> </p><p></p><p></p><p></p></p> </p><p><em class="bold">PLEASE NOTE</em>: this paper represents draft work in progress. Factual accuracy is not guaranteed, and opinions may not be the fully-formed views of authors. They are posted here to stimulate discussion, and should not be quoted or cited without the authors' permission.</p>