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relationships among the main functions of taxation -- notably, raising revenue, redistributing income, and correcting externalities …This Handbook entry presents a conceptual, normative overview of the subject of taxation. It emphasizes the … -- and the mapping between these functions and various forms of taxation. Different types of taxation as well as expenditures …
Persistent link: https://www.econbiz.de/10012466608
Persistent link: https://www.econbiz.de/10013480769
This paper presents new information on the fraction of adjusted gross income, and of wages and salaries, that is … reported by taxpayers in the top one half of one percent of the income distribution. This corresponds to roughly five hundred … thousand households in the late 1990s. This paper relies on data from the Treasury's Individual Income Tax Model for the period …
Persistent link: https://www.econbiz.de/10012471249
comparisons between very similar groups, are robust to underlying changes in the income distribution, such as a rise in inequality … instrumental variables estimates of the sensitivity of income to changes in tax rates. From 1979 to 1981, the US income tax … changes in income between taxpayers close to the top-end of a tax bracket to the other taxpayers. These estimates, based on …
Persistent link: https://www.econbiz.de/10012471417
This paper investigates whether taxpayers bunch at the kink points of the US income tax schedule (i.e. where marginal … for non-itemizers. Theoretical models of behavioral responses to taxation show that bunching is proportional to the … compensated elasticity of income with respect to tax rates. These models are used to perform simulations of bunching and calibrate …
Persistent link: https://www.econbiz.de/10012471418
income above the 50 percent bracket amount. The current law fails to meet this objective for the vast majority of these …
Persistent link: https://www.econbiz.de/10012478510
This paper summarizes the main findings of a recent literature that has constructed top income shares time series over … the long-run for more than 20 countries using income tax statistics. Top incomes represent a small share of the population … but a very significant share of total income and total taxes paid. Hence, aggregate economic growth per capita and Gini …
Persistent link: https://www.econbiz.de/10012463241
Using micro-level data, we examine the effects of Russia's 2001 flat rate income tax reform on consumption, income, and … assess the deadweight loss from personal income tax in the presence of tax evasion based on the consumption response to tax …
Persistent link: https://www.econbiz.de/10012464927
The relative income gains of the affluent after the passage of the Tax Reform Act of 1986 (TRA86), which sharply … lowered tax rates at high income levels, are overstated by comparing cross-sectional slices using concurrent income … definitions, but they are large nevertheless. Although an index of the demand-side factors affecting inequality throughout the …
Persistent link: https://www.econbiz.de/10012473659
Knowing the elasticity of taxable income (ETI) is crucial for understanding the effects of taxation on taxpayer … individuals can shift income across tax bases and thereby defer taxation. We decompose the elasticity of taxable income into a … shifting decreases the welfare loss from personal income taxation associated with previous estimates …
Persistent link: https://www.econbiz.de/10012453185