The Great Recession had a tremendous impact on low-income Americans, in particular black and Latino Americans. The … in overall economic well-being and inequality as well as changes in racial economic inequality over the Great Recession …, during the Great Recession racial inequality in terms of the Levy Institute Measure of Economic Well-Being (LIMEW) decreased …

literature on preferences regarding capital taxation almost exclusively focusses on the emotionally loaded estate tax. This paper … the estate tax. In particular, we focus on the effects of tax-specific design features and personal as well as asset …). By using different tax instruments as reference points for each other we strengthen the robustness of our findings. While …

. The main mechanism emphasized in this paper is the tax income bracket effect. Governments only adjust the nominal income … tax brackets slowly to a rise in prices, typically less often than once every other year in the US post-war history. We … successive adjustments of the income tax schedule reduces employment, savings, and output significantly. …

Inflation and earnings growth can push some tax payers into higher brackets in the absence of inflation … tax burden of labour and capital, inflation may decrease or increase the difference between before-tax and after-tax … is a widely unexplored question. We make use of a novel dataset on U.S. pre-tax and post-tax income distribution series …