Many households received income tax rebates in 2001 of $300 or $600. These rebates represented advance payments of the …

Account Tax Compliance Act (FATCA), to produce new evidence on the foreign financial wealth of U.S. households. We find that U … income gradient in the propensity to hold assets in foreign financial institutions. Specifically, more than 60% of the … individuals in the top 0.01% of the income distribution own foreign accounts, the vast majority in tax havens and more than half …

of the income delivery mechanism in determining the spending response to the policies"--National Bureau of Economic …