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Effective Tax Rates in Macroeconomics : Cross-Country Estimates of Tax Rates on Factor Incomes and Consumption

Mendoza, Enrique G. - 2011

This paper proposes a method for computing tax rates using national accounts and revenue statistics. Using this method we construct time-series of tax rates for large industrial countries. The method identifies the revenue raised by different taxes at the general government level and defines...

Persistent link: https://www.econbiz.de/10013126893

Investment in Energy Infrastructure and the Tax Code

Metcalf, Gilbert E. - 2014

Federal tax policy provides a broad array of incentives for energy investment. I review those policies and construct estimates of marginal effective tax rates for different energy capital investments as of 2007. Effective tax rates vary widely across investment classes. I then consider...

Persistent link: https://www.econbiz.de/10013070671

Fiscal Reform and Government Debt in Japan : A Neoclassical Perspective

Hansen, Gary D. - 2013

Past government spending in Japan is currently imposing a significant fiscal burden that is reflected in a net debt to output ratio near 150 percent. In addition, the aging of Japanese society implies that public expenditures and transfers payments relative to output are projected to continue to...

Persistent link: https://www.econbiz.de/10013076179

How Far are We from the Slippery Slope? The Laffer Curve Revisited

Trabandt, Mathias; Uhlig, Harald - 2021

We compare Laffer curves for labor and capital taxation for the US, the EU-14 and individual European countries, using a neoclassical growth model featuring "constant Frisch elasticity" (CFE) preferences. We provide new tax rate data. The US can increase tax revenues by 30% by raising labor...

Persistent link: https://www.econbiz.de/10013225026

Positive and Normative Judgments Implicit in U.S. Tax Policy, and the Costs of Unequal Growth and Recessions

Lockwood, Ben - 2016

Calculating the welfare implications of changes to economic policy or shocks requires economists to decide on a normative criterion. One approach is to elicit the relevant moral criteria from real-world policy choices, converting a normative decision into a positive inference, as in the recent...

Persistent link: https://www.econbiz.de/10012999997

Tax Buyouts

Del Negro, Marco - 2010

The paper studies a fiscal policy instrument that can reduce fiscal distortions without affecting revenues, in a politically viable way. The instrument is a private contract (tax buyout), offered by the government to each citizen, whereby the citizen can choose to pay a fixed price in exchange...

Persistent link: https://www.econbiz.de/10013146264

Comparing Average and Marginal Tax Rates Under the Fairtax and the Current System of Federal Taxation

Kotlikoff, Laurence J. - 2007

This paper compares marginal and average tax rates on working and saving under our current federal tax system with those that would arise under a federal retail sales tax, specifically the FairTax. The FairTax would replace the personal income, corporate income, payroll, and estate and gift...

Persistent link: https://www.econbiz.de/10012778621

Fiscal Foresight : Analytics and Econometrics

Leeper, Eric M. - 2008

Fiscal foresight---the phenomenon that legislative and implementation lags ensure that private agents receive clear signals about the tax rates they face in the future---is intrinsic to the tax policy process. This paper develops an analytical framework to study the econometric implications of...

Persistent link: https://www.econbiz.de/10012771825

Entrepreneurship and the City

Glaeser, Edward L. - 2014

Why do levels of entrepreneurship differ across America's cities? This paper presents basic facts on two measures of … entrepreneurship: the self-employment rate and the number of small firms. Both of these measures are correlated with urban success … entrepreneurship is linked to a large number of small firms in supplying industries. Finally, there is a strong connection between area …

Persistent link: https://www.econbiz.de/10012751757

Mexican Entrepreneurship : A Comparison of Self-Employment in Mexico and the United States

Fairlie, Robert W. - 2014

Nearly a quarter of Mexico's workforce is self employed. But in the U.S. rates of self employment among Mexican Americans are only 6 percent, about half the rate among non-Latino whites. Using data from the Mexican and U.S. population census, we show that neither industrial composition nor...

Persistent link: https://www.econbiz.de/10013065886