Borella, Margherita; De Nardi, Mariacristina; Pak, Michael - National Bureau of Economic Research - 2022
While "'Tis impossible to be sure of any thing but Death and Taxes" (Bullock, 1716), the structure of taxes and their burden has undergone large and frequent changes over time. We provide a brief history of the U.S. federal income tax reforms since the 1960s, we calculate effective federal...