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 and local taxes and spending between 1991 and...

Many states in the US have in recent years changed the mix of state and local revenue sources used to finance local public expenditures, especially primary and secondary education, with local property taxes being replaced by various sources of state tax revenue. This article examines the...

Part I: Billionaire Taxes, "https://ssrn.com/abstract=3326615" https://ssrn.com/abstract=3326615.Part III: After Paying Ultra-High Net Worth Wealth Taxes, How Much Would Billionaires Have Left to Live on?, "https://ssrn.com/abstract=3340925" https://ssrn.com/abstract=3340925.Key Takeaways: -...

Many distribution models that are workhorses for tax policy, and more broadly for research on immobility and inequality, are insufficient welfare measures of either the status quo or policy proposals. This paper explores two fundamental modeling problems: The omission of corporate income, and...

This paper shows that the assumption of elastic fertility choices represents an unconsidered way of introducing nondegenerate dynamics within an immortal small open economy, facing perfect capital mobility and no adjustment costs associated with capital accumulation, and having a fixed discount...

This paper shows that the assumption of elastic fertility choices represents an unconsidered way of introducing nondegenerate dynamics within an immortal small open economy, facing perfect capital mobility and no adjustment costs associated with capital accumulation, and having a fixed discount...

This paper analyzes the trade-offs between fiscal policy reform and public expenses structures within a two-sector endogenous growth model with an environmental externality. Transitional dynamics, balanced growth path and welfare cost of alternative policy are computed. We show that taxes...