Bruce, Donald; Tuttle, M. H.; Garrison, Charles B. - In: Economic Inquiry 41 (2003) 1, pp. 147-162
We examine the relative importance of tax rates and macroeconomic fluctuations in explaining the share of national adjusted gross income (AGI) reported by the top 0.5% of all taxpayers. Results indicate that cutting the top income or capital gains tax rate would increase the top AGI share but...