While the U.S. tax system is progressive, the distribution of government spending makes the overall fiscal system more … progressive than is apparent from tax distributions alone. Using a microdata model we estimate the distribution of federal, state … middle quintile received $1.30, and households in the top quintile received $0.41. Overall, tax payments exceeded government …

We study the fiscal and tax response to intergovernmental grants, exploiting quasi-experimental variation within … losses is more rapid. Yet, the long-run response is symmetric. The tax response is particularly slow, stretching over more …

We study the fiscal and tax response to intergovernmental grants, exploiting quasi-experimental variation within … losses is more rapid. Yet, the long-run response is symmetric. The tax response is particularly slow, stretching over more …

by how much is unclear. The current UK government wants to announce tax cuts before the upcoming general election, but …'s devolved tax revenues - in particular given recent and planned tax policy changes - is uncertain. Taken together, these factors … make the task of planning Scottish tax and spending decisions particularly challenging - an issue discussed in an IFS …