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Spending responses to state sales tax holidays

Agarwal, Sumit; McGranahan, Leslie - Federal Reserve Bank of Chicago - 2012

Every year over 20 states offer sales tax holidays (STHs) on specific items like clothes, shoes and other items to encourage consumption, affecting over 100 million consumers. We use a unique dataset of credit cards transaction to study the spending response to these holidays. Using a...

Persistent link: https://www.econbiz.de/10010593674

The effect of sales tax holidays on household consumption patterns

Marwell, Nathan; McGranahan, Leslie - Federal Reserve Bank of Chicago - 2010

Sales tax holidays (STHs) are the temporary suspension of state (and some local) sales taxes on selected retail items for a brief period of time. The policy has gained popularity in recent years, beginning in one state in 1997 and growing to twenty by 2008. Despite the increased frequency with...

Persistent link: https://www.econbiz.de/10008643774

How did the 2003 dividend tax cut affect stock prices?

Amromin, Eugene; Harrison, Paul; Sharpe, Steven - Federal Reserve Bank of Chicago - 2006

We test the hypothesis that the 2003 dividend tax cut boosted U.S. stock prices and thus lowered the cost of equity. Using an event- study methodology, we attempt to identify an aggregate stock market effect by comparing the behavior of U.S. common stock prices to that of European stocks and...

Persistent link: https://www.econbiz.de/10005419887

Can the benefits principle be applied to state-local taxation of business?

Oakland, William H.; Testa, William A. - Federal Reserve Bank of Chicago - 1998

Persistent link: https://www.econbiz.de/10005419928

Estate taxation, entrepreneurship, and wealth

Cagetti, Marco; Nardi, Mariacristina De - Federal Reserve Bank of Chicago - 2007

We study the effects of abolishing estate taxation in a quantitative and realistic framework that includes the key … inequality. We use our model to estimate effective estate taxation. We consider various tax instruments to reestablish fiscal … balance when abolishing estate taxation. We find that abolishing estate taxation would not generate large increases in …

Persistent link: https://www.econbiz.de/10005419954

Tax riots

Bassetto, Marco; Phelan, Christopher - Federal Reserve Bank of Chicago - 2006

This paper considers an optimal taxation environment where household income is private information, and the government …

Persistent link: https://www.econbiz.de/10005419967

A benefits principle approach to state-local business taxation: policies for Midwestern growth and development

Testa, William A.; Oakland, William H. - Federal Reserve Bank of Chicago - 1996

Persistent link: https://www.econbiz.de/10005389804

Impact of retail taxes on the Illinois-Indiana border

William Lilley, III; DeFranco, Laurence J. - Federal Reserve Bank of Chicago - 1996

Persistent link: https://www.econbiz.de/10005389811

Where we stand--1996: business tax competitiveness among the Great Lakes States

Papke, James A. - Federal Reserve Bank of Chicago - 1996

Persistent link: https://www.econbiz.de/10005512422

The tradeoff between mortgage prepayments and tax-deferred retirement savings

Amromin, Eugene; Huang, Jennifer; Sialm, Clemens - Federal Reserve Bank of Chicago - 2006

We show that a significant number of households can perform a tax arbitrage by cutting back on their additional mortgage payments and increasing their contributions to tax- deferred accounts (TDA). Using data from the Survey of Consumer Finances, we show that about 38% of U.S. households that...

Persistent link: https://www.econbiz.de/10005519991