' labor supply and saving assuming standard preferences. The system incorporates kinks from federal personal income tax … brackets, Social Security's FICA tax, and a notch from the provision of basic income below a threshold. The GLO reproduces …'s full set of work and saving disincentives. Consequently, it can facilitate analyses of structural labor supply and tax …

entire schedule of benefits of taxes second order stochastically dominates the entire schedule of tax distortions. Second, we … skill, thus mitigating distortions along the dominant skill dimension. Tax wedges are particularly high for low skilled …

The share of pre-tax income flowing to the top of the UK income distribution increased continually and substantially in … tax records, we describe the nature of top incomes in the UK and how they are taxed. We show that wage income is the … dominant source of pre-tax income, even for highest-income 0.1% of UK adults. But, 'active' business income - derived from self …

yields the marginal effect of any shift of market income share from one quintile to another on the entire post tax, post …

This paper investigates the 2013 three-fold increase in the French dividend tax rate. Using administrative data … payments and used this tax-induced increase in liquidity to invest more. Heterogeneity analyses show that firms with high … demand and returns on capital responded most while no group of firms cut their investment. Our results reject models in which …

complex tax system. The analysis is independent of whether income is earned legitimately, or by avoiding or evading taxes. In … this sense, learning about tax minimization strategies (tax manipulation) is isomorphic to learning about tax rates. The … government in our model balances a trade-off: A better understanding of the tax system potentially allows taxpayers to optimize …

We develop, apply, and test a new measure of the marriage tax - the reduction in future spending from getting married … - using SCF and ACS data. Our measure incorporates all major and most minor U.S. tax and benefit programs. And it assumes …