Feldman, Naomi E. - In: The Review of Economics and Statistics 92 (2010) 1, pp. 70-86
This paper analyzes a 1992 decrease in U.S. federal income tax withholding that shifted the timing of income tax payments while leaving ultimate tax burdens unchanged. Consequently income typically received as a lump-sum refund on filing a tax return was shifted into the previous year's monthly...