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Author : Joel Slemrod
Publisher :
ISBN 13 :
Total Pages : 21 pages
Book Rating : 4.:/5 (246 download)
Download or read book The Optimal Elasticity of Taxable Income written by Joel Slemrod and published by . This book was released on 1998 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Optimal Elasticity of Taxable Income written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The National Bureau of Economic Research (NBER) presents the abstract of the paper "The Optimal Elasticity of Taxable Income," written by Joel Slemrod and Wojciech Kopczuk. The paper discusses the behavioral response to a tax rate change and the factors that might affect the response. The full text of the paper can be purchased.
Author : Creedy, John
Publisher : Edward Elgar Publishing
ISBN 13 : 1802209603
Total Pages : 304 pages
Book Rating : 4.8/5 (22 download)
Download or read book The Elasticity of Taxable Income written by Creedy, John and published by Edward Elgar Publishing. This book was released on 2022-04-21 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book analyses the elasticity of taxable income, a central concept in public finance with a rapidly growing wealth of literature. Combining original empirical research with rigorous theoretical modelling of tax revenue and optimal tax policy, this innovative study examines the complexities and new methods of estimating the elasticity of taxable income.
Author : Mr.Alexander D Klemm
Publisher : International Monetary Fund
ISBN 13 : 148436323X
Total Pages : 22 pages
Book Rating : 4.4/5 (843 download)
Download or read book Are Elasticities of Taxable Income Rising? written by Mr.Alexander D Klemm and published by International Monetary Fund. This book was released on 2018-06-13 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses a possible explanation for the global downward trend in top personal income tax rates over the last decades: globalization and the related tax evasion and avoidance opportunities could have raised elasticities of taxable income, which would imply lower optimal tax rates. The paper estimates elasticities of taxable income for top income earners using a large sample of economies and years with a common method, allowing an analysis of trends in such elasticities. The paper finds that elasticities do not appear to exhibit any clear pattern over the years. The downward trend in tax rates must have other possible explanations, which are briefly discussed.
Author : Mr.Michael Keen
Publisher : International Monetary Fund
ISBN 13 : 1475570309
Total Pages : 27 pages
Book Rating : 4.4/5 (755 download)
Download or read book Optimal Tax Administration written by Mr.Michael Keen and published by International Monetary Fund. This book was released on 2017-01-20 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper sets out a framework for analyzing optimal interventions by a tax administration, one that parallels and can be closely integrated with established frameworks for thinking about optimal tax policy. Its key contribution is the development of a summary measure of the impact of administrative interventions—the “enforcement elasticity of tax revenue”—that is a sufficient statistic for the behavioral response to such interventions, much as the elasticity of taxable income serves as a sufficient statistic for the response to tax rates. Amongst the applications are characterizations of the optimal balance between policy and administrative measures, and of the optimal compliance gap.
Author : Mr.Michael Keen
Publisher : International Monetary Fund
ISBN 13 : 1475570260
Total Pages : 27 pages
Book Rating : 4.4/5 (755 download)
Download or read book Optimal Tax Administration written by Mr.Michael Keen and published by International Monetary Fund. This book was released on 2017-01-20 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper sets out a framework for analyzing optimal interventions by a tax administration, one that parallels and can be closely integrated with established frameworks for thinking about optimal tax policy. Its key contribution is the development of a summary measure of the impact of administrative interventions—the “enforcement elasticity of tax revenue”—that is a sufficient statistic for the behavioral response to such interventions, much as the elasticity of taxable income serves as a sufficient statistic for the response to tax rates. Amongst the applications are characterizations of the optimal balance between policy and administrative measures, and of the optimal compliance gap.
Author : Emmanuel Saez
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (12 download)
Download or read book The Elasticity of Taxable Income with Respect to Marginal Tax Rates written by Emmanuel Saez and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper critically surveys the large and growing literature estimating the elasticity of taxable income with respect to marginal tax rates (ETI) using tax return data. First, we provide a theoretical framework showing under what assumptions this elasticity can be used as a sufficient statistic for efficiency and optimal tax analysis. We discuss what other parameters should be estimated when the elasticity is not a sufficient statistic. Second, we discuss conceptually the key issues that arise in the empirical estimation of the elasticity of taxable income using the example of the 1993 top individual income tax rate increase in the United States to illustrate those issues. Third, we provide a critical discussion of most of the taxable income elasticities studies to date, both in the United States and abroad, in light of the theoretical and empirical framework we laid out. Finally, we discuss avenues for future research.
Author : Joseph J. Cordes
Publisher : The Urban Insitute
ISBN 13 : 9780877667520
Total Pages : 522 pages
Book Rating : 4.6/5 (675 download)
Download or read book The Encyclopedia of Taxation & Tax Policy written by Joseph J. Cordes and published by The Urban Insitute. This book was released on 2005 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt: "From adjusted gross income to zoning and property taxes, the second edition of The Encyclopedia of Taxation and Tax Policy offers the best and most complete guide to taxes and tax-related issues. More than 150 tax practitioners and administrators, policymakers, and academics have contributed. The result is a unique and authoritative reference that examines virtually all tax instruments used by governments (individual income, corporate income, sales and value-added, property, estate and gift, franchise, poll, and many variants of these taxes), as well as characteristics of a good tax system, budgetary issues, and many current federal, state, local, and international tax policy issues. The new edition has been completely revised, with 40 new topics and 200 articles reflecting six years of legislative changes. Each essay provides the generalist with a quick and reliable introduction to many topics but also gives tax specialists the benefit of other experts' best thinking, in a manner that makes the complex understandable. Reference lists point the reader to additional sources of information for each topic. The first edition of The Encyclopedia of Taxation and Tax Policy was selected as an Outstanding Academic Book of the Year (1999) by Choice magazine."--Publisher's website.
Author : Robin Boadway
Publisher : Cambridge University Press
ISBN 13 : 1108957579
Total Pages : 154 pages
Book Rating : 4.1/5 (89 download)
Download or read book Tax Policy written by Robin Boadway and published by Cambridge University Press. This book was released on 2022-05-12 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tax policies are informed by principles developed in the tax theory and policy literature. This Element surveys the policy lessons that emerge from optimal tax analysis since the 1970s. This Element begins with the evolution of tax policy principles from the comprehensive income approach to the expenditure tax approach to normative tax analysis based on social welfare maximization and recounts key results from the optimal income tax analysis inspired by Mirrlees and extended by Diamond to the extensive margin approach. This Element also emphasizes analytical techniques that yield empirically relevant concepts and show the equity-efficiency trade-off at the heart of tax policy. We also extend the analysis to recent literature incorporating involuntary unemployment, and policies like welfare and unemployment insurance.
Author : Jonathan Gruber
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (247 download)
Download or read book The Elasticity of Taxable Income: Evidence and Implications written by Jonathan Gruber and published by . This book was released on 2000 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Kamila Kaucká
Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783844321296
Total Pages : 112 pages
Book Rating : 4.3/5 (212 download)
Download or read book Elasticity of Taxable Income written by Kamila Kaucká and published by LAP Lambert Academic Publishing. This book was released on 2011-04 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tax rate change influences taxpayers' behavior and hence taxable income and tax revenue of the state budget. Any such change can affect declared taxable income through its effect on quality or quantity of labor supply, savings, portfolio decisions, tax avoidance by legal means or illegal tax evasion. In this work I focus on elasticity of taxable income as an estimate of these behavioral responses to a (personal income) tax rate change. First, I summarize theoretical background and fundamental analyses dealing with elasticity of taxable income. Further, I describe one of the methods, and its constraints, used for in empirical work on elasticity estimation known as difference-in-differences." I apply this method and estimate elasticity of taxable income in the Czech Republic using several recent personal income tax reforms. Those estimates that are consistent with economic theory and common sense suggest, along with results from optimal taxation theory, that the top marginal personal income tax rate in the Czech Republic should not exceed 71.8%, but any lower tax rate is justifiable based on redistributive tastes of a government.
Author : Zhiyong An
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.4/5 (2 download)
Download or read book Social Versus Individual Work Preferences: Implications for Optimal Income Taxation written by Zhiyong An and published by International Monetary Fund. This book was released on 2022-03-25 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The benchmark optimal income taxation model of Mirrlees (1971) finds that the optimal marginal income tax rate (MIT) is always non-negative. A key model assumption is the coincidence between social and individual work preferences. This paper extends the model to allow for differences in social and individual work preferences. The theoretical and simulation analyses show that under this model, when the government places a higher social weight on work than individuals, the optimal MIT schedule is shifted downwards, introducing the possibility for optimal wage subsidies at the bottom of the income distribution. This implies lower revenues, demogrants, and overall progressivity.
Author : John Creedy
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (858 download)
Download or read book The Elasticity of Taxable Income, Welfare Changes and Optimal Tax Rates written by John Creedy and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Joel Slemrod
Publisher : International Monetary Fund
ISBN 13 : 1451954549
Total Pages : 32 pages
Book Rating : 4.4/5 (519 download)
Download or read book The Costs of Taxation and the Marginal Cost of Funds written by Mr.Joel Slemrod and published by International Monetary Fund. This book was released on 1995-08-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is argued that taxation causes three kinds of deadweight losses and two types of direct costs. The deadweight losses arise from substitution, evasion, and avoidance activities while the direct costs are administrative and compliance costs. Some of these social costs tend to be discontinuous and/or nonconvex. Because most models of taxation ignore some components of the social costs of taxation, their conclusions cannot be of a general nature. An alternative approach to policy evaluation is to rely on a marginal efficiency cost of funds rule which can indicate appropriate directions of reforms. The paper discusses its merits, applicability, and limitations, as well as its relationship to other concepts.
Author : Arthur M. Okun
Publisher : Brookings Institution Press
ISBN 13 : 0815726546
Total Pages : 171 pages
Book Rating : 4.8/5 (157 download)
Download or read book Equality and Efficiency REV written by Arthur M. Okun and published by Brookings Institution Press. This book was released on 2015-04-30 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1975, Equality and Efficiency: The Big Tradeoff is a very personal work from one of the most important macroeconomists of the last hundred years. And this new edition includes "Further Thoughts on Equality and Efficiency," a paper published by the author two years later. In classrooms Arthur M. Okun may be best remembered for Okun's Law, but his lasting legacy is the respect and admiration he earned from economists, practitioners, and policymakers. Equality and Efficiency is the perfect embodiment of that legacy, valued both by professional economists and those readers with a keen interest in social policy. To his fellow economists, Okun presents messages, in the form of additional comments and select citations, in his footnotes. To all readers, Okun presents an engaging dual theme: the market needs a place, and the market needs to be kept in its place. As Okun puts it: Institutions in a capitalist democracy prod us to get ahead of our neighbors economically after telling us to stay in line socially. This double standard professes and pursues an egalitarian political and social system while simultaneously generating gaping disparities in economic well-being. Today, Okun's dual theme feels incredibly prescient as we grapple with the hot-button topic of income inequality. In his foreword, Lawrence H. Summers declares: On what one might think of as questions of "economic philosophy," I doubt that Okun has been improved on in the subsequent interval. His discussion of how societies rely on rights as well as markets should be required reading for all young economists who are enamored with market solutions to all problems. With a new foreword by Lawrence H. Summers
Author : Fabio Avila de Castro
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Elasticity of Taxable Income and Optimal Taxation in Brazil written by Fabio Avila de Castro and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using longitudinal data for a panel of Brazilian personal income tax returns between 2011 and 2017 we estimate the elasticity of taxable income (ETI) before and after deductions of personal income tax and calculate optimal taxation levels. The behavioral response is examined using a natural experiment, the phenomenon of 'bracket creep', an implicit increase in marginal tax rates of some taxpayers due to inflation. The estimated ETI unweighted by income is 0.76 for taxable income and 0.71 for gross income. When weighting by income, the respective ETIs are 0.64 and 0.61. We found much higher elasticities for the self-employed than for wage earners and deductions play a minor role. Considering base-shift, the revenue-maximizing rates are 47.6%, for the higher bracket and 38.2%, for the top 1% income, with associated marginal costs of efficiency of -0.61 and -1.34 Brazilian Reais (R$), respectively.
Author : Thomas Piketty
Publisher :
ISBN 13 :
Total Pages : 51 pages
Book Rating : 4.:/5 (764 download)
Download or read book Optimal taxation of top labor incomes : a tale of three elasticities written by Thomas Piketty and published by . This book was released on 2011 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the problem of optimal taxation of top labor incomes. We develop a model where top incomes respond to marginal tax rates through three channels: (1) the standard supply-side channel through reduced economic activity, (2) the tax avoidance channel, (3) the compensation bargaining channel through efforts in influencing own pay setting. We derive the optimal top tax rate formula as a function of the three elasticities corresponding to those three channels of responses. The first elasticity (supply side) is the sole real factor limiting optimal top tax rates. The optimal tax system should be designed to minimize the second elasticity (avoidance) through tax enforcement and tax neutrality across income forms, in which case the second elasticity becomes irrelevant. The optimal top tax rate increases with the third elasticity (bargaining) as bargaining efforts are zero-sum in aggregate. We then analyze top income and top tax rate data in 18 OECD countries. There is a strong correlation between cuts in top tax rates and increases in top 1% income shares since 1975, implyingthat the overall elasticity is large. But top income share increases have not translated into higher economic growth, consistent with the zero-sum bargaining model. This suggests that the first elasticity is modest in size and that the overall effect comes mostly from the third elasticity. Consequently, socially optimal top tax rates might possibly be much higher than what is commonly assumed.
