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Tax Bases, Tax Rates and the Elasticity of Reported Income

Kopczuk, Wojciech - 2021

.S. tax reforms of the 1980s and a number of smaller tax law changes, I find that the elasticity of income reported on … personal income tax returns depends on the available deductions. This highlights that this key behavioral elasticity is not a …

Persistent link: https://www.econbiz.de/10013223909

Inertia and Overwithholding : Explaining the Prevalence of Income Tax Refunds

Jones, Damon - 2010

Over three-quarters of US taxpayers receive income tax refunds, indicating tax prepayments above the level of tax liability. This amounts to a zero interest loan to the government. Previous studies have suggested two main explanations for this behavior: precautionary behavior in light of tax...

Persistent link: https://www.econbiz.de/10013143772

On Bunching and Identification of the Taxable Income Elasticity

Blomquist, Soren - 2017

The taxable income elasticity is a key parameter for predicting the effect of tax reform or designing an income tax …. Bunching at kinks and notches in a single budget set have been used to estimate the taxable income elasticity. We show that … the size of the taxable income elasticity, and neither is the entire distribution of taxable income for a convex budget …

Persistent link: https://www.econbiz.de/10012940809

Taxation and Top Incomes in Canada

Milligan, Kevin - 2014

We estimate the elasticity of reported income with respect to tax rates for high earners using subnational variation …

Persistent link: https://www.econbiz.de/10013047394

A Variational Approach to the Analysis of Tax Systems

Golosov, Mikhail - 2015

We develop a general method to study the effects of non-linear taxation in dynamic settings using variational arguments. We first derive general theoretical formulas that characterize the welfare effects of local tax reforms and, in particular, the optimal tax system, potentially restricted...

Persistent link: https://www.econbiz.de/10013031295

Evaluation of Four Tax Reforms in the United States : Labor Supply and Welfare Effects for Single Mothers

Eissa, Nada; Kleven, Henrik Jacobsen; Kreiner, Claus … - 2021

A large literature evaluating the welfare effects of taxation has examined the role of the labor supply elasticity, and … effect on each margin is created by a different tax wedge. Finally, ignoring the composition of the labor supply elasticity … the total labor supply elasticity is as important as its size …

Persistent link: https://www.econbiz.de/10013227220

Capital Tax Reform and the Real Economy : The Effects of the 2003 Dividend Tax Cut

Yagan, Danny - 2015

, the statistical precision challenges leading estimates of the cost-of-capital elasticity of investment, or undermines …

Persistent link: https://www.econbiz.de/10013026796

Choosing between an Estate Tax and a Basis Carryover Regime : Evidence from 2010

Gordon, Robert N. - 2016

Executors of estates for decedents in 2010 could choose between an estate tax regime and a basis carry-over regime. For most executors, this created a tradeoff between a current estate tax payment and a future capital gains tax liability for beneficiaries who inherited assets with...

Persistent link: https://www.econbiz.de/10012981619

The Effect of Tax Rates and Tax Bases on Corporate Tax Revenues : Estimates with New Measures of the Corporate Tax Base

Kawano, Laura - 2012

Several recent analyses have suggested that the revenue-maximizing corporate tax rate resides in the low-30's. We challenge this result by re-examining this relationship using a new compilation of changes in corporate tax base definitions for OECD countries between 1980 and 2004. By considering...

Persistent link: https://www.econbiz.de/10013099818

Globalization and Developing Countries - a Shrinking Tax Base?

Aizenman, Joshua; Jinjarek, Yothin - 2021

This paper evaluates the impact of globalization on the tax bases of countries at varying stages of development. We see globalization as a process that induces countries to embrace greater trade and financial integration. This in turn should shift their tax revenue from "easy to collect" taxes...

Persistent link: https://www.econbiz.de/10013248146