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The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States : Reply to Jentsch and Lunsford

Mertens, Karel - 2020

In this reply to a comment by Jentsch and Lunsford, we show that, when focusing on the relevant impulse responses, the evidence for economic and statistically significant macroeconomic effects of tax changes in Mertens and Ravn (2013) remains present for a range of asymptotically valid inference...

Persistent link: https://www.econbiz.de/10012852062

Income tax policy in Europe between two crises : from the great recession to the COVID-19 pandemic

Myck, Michał; Trzcińsk, Kajetan - 2022

wage growth and progressivity of the tax system determined the fiscal leeway which governments could use to reduce income …, their much lower degree of progressivity implied limited additional scope for fiscal changes. While decisions taken in most … of the examined countries in the CEE region led to increases in tax progressivity, their income tax systems continue to …

Persistent link: https://www.econbiz.de/10013206285

Evaluating the impact of the 2023-2024 personal income tax reform in Rwanda : an analysis using tax-benefit microsimulation modelling

Mahieu, Antoine de; Lastunen, Jesse; Mukangango, Jeannette - 2023

Establishing an equitable and efficient tax system is essential for reducing poverty, combating inequality, and fostering sustainable economic growth. Rwanda's government has recognized this and implemented significant changes to the personal income tax schedule for 2023 and 2024 as part of...

Persistent link: https://www.econbiz.de/10014290690

Aggregate and distributional effects of increasing taxes on top income earners

Brüggemann, Bettina; Yoo, Jinhyuk - 2015

We analyze the macroeconomic implications of increasing the top marginal income tax rate using a dynamic general equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual U.S. tax system. The wealth and income distributions generated by our model replicate the...

Persistent link: https://www.econbiz.de/10011317719

Aggregate and distributional effects of increasing taxes on top income earners

Brüggemann, Bettina; Yoo, Jinhyuk - 2015

We analyze the macroeconomic implications of increasing the top marginal income tax rate using a dynamic general equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual US tax system. The wealth and income distributions generated by our model replicate the...

Persistent link: https://www.econbiz.de/10011296121

Short-Term Tax Cuts, Long-Term Stimulus

Cloyne, James; Martinez, Joseba; Mumtaz, Haroon; … - National Bureau of Economic Research - 2022

We study the persistent effects of temporary changes in U.S. federal corporate and personal income tax rates using a narrative identification approach. A corporate income tax cut leads to a sustained increase in GDP and productivity, with peak effects between five and eight years. R&D spending...

Persistent link: https://www.econbiz.de/10013334463

Macroeconomic and distributive effects of increasing taxes in Spain

Fuster, Luisa - In: SERIEs : Journal of the Spanish Economic Association 13 (2022) 4, pp. 613-648

I assess the macroeconomic and redistributive effects of tax reforms aimed at increasing tax revenue in Spain. To this end, I develop a theory of entrepreneurship that mimics key facts on the wealth and income distribution in Spain. I find two reforms that raise fiscal pressure in Spain to the...

Persistent link: https://www.econbiz.de/10013459944

SWEtaxben : a Swedish tax/benefit micro simulation model and an evaluation of a Swedish tax reform

Ericson, Peter; Flood, Lennart; Wahlberg, Roger - 2009

The purpose of SWEtaxben is to evaluate the impact of changes in the tax/benefit systems on households as well as the central governmental budget. Relating to the micro simulation literature this model can be labeled a static micro simulation model with behavioral changes. This behavioral change...

Persistent link: https://www.econbiz.de/10003830724

Labor Earnings Respond Differently to Income-Tax and to Payroll-Tax Reforms

Lehmann, Etienne - 2011

We estimate the responses of gross labor earnings with respect to marginal and average net-of-tax rates in France over the period 2003-2006. We exploit a series of reforms to the income-tax and the payroll-tax schedules that affect individuals who earn less than twice the minimum wage. Our...

Persistent link: https://www.econbiz.de/10013118267

Labor Income Responds Differently to Income-Tax and Payroll-Tax Reforms

Lehmann, Etienne - 2012

We estimate the responses of gross labor income with respect to marginal and average net-of-tax rates in France over the period 2003-2006. We exploit a series of reforms to the income-tax and payroll-tax schedules affecting individuals who earn less than twice the minimum wage. Our estimate for...

Persistent link: https://www.econbiz.de/10013098649

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