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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 : Raj Chetty
Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.:/5 (214 download)
Download or read book Is the Taxable Income Elasticity Sufficient to Calculate Deadweight Loss? written by Raj Chetty and published by . This book was released on 2008 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since Feldstein (1999), the most widely used method of calculating the excess burden of income taxation is to estimate the effect of tax rates on reported taxable income. This paper reevaluates the taxable income elasticity as a measure of excess burden when individuals can evade or avoid taxes. In many cases, part of the cost of evasion and avoidance reflects a transfer to another agent in the economy. I show that in such situations, excess burden depends on a weighted average of the taxable income and total earned income elasticities, with the weight determined by the marginal resource cost of sheltering income from taxation. This generalized formula implies that the efficiency cost of taxing high income individuals is not necessarily large despite evidence that their reported incomes are highly sensitive to tax rates.
Author : Tuomas Matikka
Publisher :
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4.:/5 (13 download)
Download or read book Taxable Income Elasticity and the Anatomy of Behavioral Response written by Tuomas Matikka and published by . This book was released on 2014 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses extensive Finnish panel data from 1995-2007 to analyze the elasticity of taxable income (ETI). I use individual changes in flat municipal income tax rates as an instrument for the overall changes in marginal tax rates. This instrument is not a function of individual income, which is the basis for an exogenous instrument in the taxable income model. In general, instruments used in previous studies do not have this feature. Furthermore, I estimate behavioral responses using smaller subcomponents of taxable income, such as working hours, fringe benefits and tax deductions. This “anatomy” of overall ETI has rarely been studied in the literature. The results show that the average ETI estimate in Finland is 0.35-0.60, depending on the empirical specification and the degree of regional controlling. Subcomponent analysis suggests that neither work effort nor labor supply respond actively to tax changes. In contrast, it seems that fringe benefits and deductions from taxable income might have a larger effect.
Author : Takeshi Miyazaki
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (951 download)
Download or read book Estimating the Elasticity of Taxable Income written by Takeshi Miyazaki and published by . This book was released on 2016 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Tuomas Matikka
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Elasticity of Taxable Income written by Tuomas Matikka and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The elasticity of taxable income (ETI) is a key parameter in income tax analysis, in terms of both efficiency and tax revenue. In this paper, I use Finnish data to analyze the ETI. I use changes in flat municipal income tax rates as an instrument for overall changes in marginal tax rates. This instrument is not a function of individual income, and thus the ETI estimates are less susceptible to bias caused by differential trends across the income distribution. In general, instruments used in previous studies do not have this feature. My preferred estimate for the average ETI is 0.21.
Author : Martin S. Feldstein
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (294 download)
Download or read book The Effect of Marginal Tax Rates on Taxable Income written by Martin S. Feldstein and published by . This book was released on 1993 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : John Creedy
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (122 download)
Download or read book Measuring Revenue-maximising Elasticities of Taxable Income written by John Creedy and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "A recent review of empirical estimates of the elasticity of taxable income (ETI) concluded that 'the US marginal top rate is far from the top of the Laffercurve' (Saezet al, 2012, p.42). This paper provides a detailed examination of the analysis underlying this conclusion, and considers whether other tax rates in the US income tax system are on the 'right' side of the Laffer curve. Conceptual expressions for 'Laffer-maximum' or revenue-maximizing ETIs, based on readily observable parameters, are presented for individuals and groups of taxpayers in a multi-rate income tax system. Applying these to the US income tax in 2005, with its complex effective marginal rate structure, demonstrates that a wide range of revenue-maximizing ETI values can be expected for individual taxpayers within and across tax brackets, and in aggregate. For many taxpayers these revenue-maximizing ETIs are well within the range of empirically estimated elasticities. Keywords: Income Tax Revenue; Elasticity of taxable income; revenue elasticity, Laffer Curve"--Page 1.
Author :
Publisher :
ISBN 13 :
Total Pages : 132 pages
Book Rating : 4.:/5 (31 download)
Download or read book How Capital Gains Tax Rates Affect Revenues written by and published by . This book was released on 1988 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Effect of Marginal Tax Rates on Taxable Income written by and published by . This book was released on 1997 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reports new estimates of the sensitivity of taxable income to changes in tax rates based on a comparison of the tax returns of the same individual taxpayers before and after the 1986 tax reform. This comparison is done by using a panel of more than 4000 individual tax returns created by the Treasury that matches tax returns for the same taxpayers in different years. The analysis emphasizes that the response of taxable income is much more general than the response of traditional measures of labor supply and is likely to be much more sensitive to tax rates. The evidence shows a substantial response of taxable income to changes in marginal tax rates. The differences-of-differences calculations imply an elasticity of taxable income with respect to the marginal net-of-tax rate that is at least one and could be substantially higher. There is a brief discussion and simulation analysis of the implications of these estimates for the likely impact of the 1993 tax rate increases on tax revenues. Even the lowest estimated elasticity implies that the tax rate changes enacted in 1993 will lead to little additional personal income tax revenue.
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 : Joel Slemrod
Publisher : Harvard University Press
ISBN 13 : 9780674001541
Total Pages : 540 pages
Book Rating : 4.0/5 (15 download)
Download or read book Does Atlas Shrug? written by Joel Slemrod and published by Harvard University Press. This book was released on 2000 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the introduction of the income tax in 1913, controversy has raged about how heavily to tax the rich. Opponents of high tax rates claim that heavy assessments have negative incentives on the productivity of some of our most talented citizens; supporters stress the importance of the rich shouldering their "fair share," and decry the loopholes that permit many to escape their obligations. Notably absent from this debate is hard evidence about the actual impact of taxes on the behavior of the affluent. This book presents evidence by leading economists of the effects of taxes on the formation of businesses, the supply of labor, the form of executive compensation, the accumulation of wealth, the allocation of portfolios, and the realization of capital gains. Among its findings are that the labor supply of the rich remained unchanged in the face of large tax cuts in 1986, and that in late 1992 executives exercised billions of dollars' worth of stock options in order to beat the tax increases expected in 1993. The book also presents a history of efforts to tax the rich, a demographic snapshot of the financially affluent, and a road map to widely used tax-avoidance strategies. Does Atlas Shrug? will be of great interest to policymakers and interested citizens who want to know how much tax revenue could really be gained by increasing tax rates on the rich, or whether low capital gains tax rates really spur economic growth.
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 : Maxime Gravoueille
Publisher :
ISBN 13 :
Total Pages : 88 pages
Book Rating : 4.:/5 (13 download)
Download or read book The Elasticity of Corporate Taxable Income written by Maxime Gravoueille and published by . This book was released on 2017 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper estimates the elasticity of corporate taxable income with respect to the corporate income tax rate using French administrative data. "Recent years have seen the growing importance of corporate taxation in the public debate. In France for example, in order to converge towards the average statutory tax rate in the Eurozone, the government has decided to reduce it from 33.33% in 2017 to 28% in 2020. While some argue that corporate taxes should be higher, many consider that the tax burden falling on firms is too high and is damaging for the economy. The underlying argument is that high corporate tax rates are disincentive for firms, and therefore by lowering tax rates, more activity could be generated. A clear illustration of this process is the downward trend in corporate tax rates over last decades. In a context of international tax competition, corporate tax design is one of the main concerns for government. " [source : introduction].
Author : D. Dharmapala
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (126 download)
Download or read book The Tax Elasticity of Financial Statement Income : Implications for Current Reform Proposals written by D. Dharmapala and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Current reform proposals in international and corporate tax (most notably the Organisation for Economic Co-operation and Development's Global Anti-Base Erosion proposal) envisage taxing financial statement income. This paper develops a conceptual framework - based on the literature on the elasticity of taxable income (ETI) - for the welfare analysis of such proposals and discusses the available evidence on the tax elasticity of financial statement income. The central conclusion is that the most relevant evidence suggests a large responsiveness of financial statement income to taxes (and, hence, albeit with significant limitations and caveats, arguably a large deadweight loss). The paper also highlights the need for more evidence on this question.
Author : Dhammika Dharmapala
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (119 download)
Download or read book The Tax Elasticity of Financial Statement Income written by Dhammika Dharmapala and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Current reform proposals in international and corporate tax (most notably the OECD's GloBE proposal) envisage taxing financial statement income. This paper develops a conceptual framework - based on the literature on the elasticity of taxable income - for the welfare analysis of such proposals, and discusses the available evidence on the tax elasticity of financial statement income. The central conclusion is that the most relevant evidence suggests a large responsiveness of financial statement income to taxes (and hence, albeit with significant limitations and caveats, arguably a large deadweight loss). The paper also highlights the need for more evidence on this question.
Author : Joel Slemrod
Publisher :
ISBN 13 : 9780472103386
Total Pages : 361 pages
Book Rating : 4.1/5 (33 download)
Download or read book Why People Pay Taxes written by Joel Slemrod and published by . This book was released on 1992 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experts discuss strategies for curtailing tax evasion
Author : Alan J. Auerbach
Publisher : Cambridge University Press
ISBN 13 : 1139464515
Total Pages : 401 pages
Book Rating : 4.1/5 (394 download)
Download or read book Taxing Corporate Income in the 21st Century written by Alan J. Auerbach and published by Cambridge University Press. This book was released on 2007-04-16 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book was first published in 2007. Most countries levy taxes on corporations, but the impact - and therefore the wisdom - of such taxes is highly controversial among economists. Does the burden of these taxes fall on wealthy shareowners, or is it passed along to those who work for, or buy the products of, corporations? Can a country with high corporate taxes remain competitive in the global economy? This book features research by leading economists and accountants that sheds light on these and related questions, including how taxes affect corporate dividend policy, stock market value, avoidance, and evasion. The studies promise to inform both future tax policy and regulatory policy, especially in light of the Sarbanes-Oxley Act and other actions by the Securities and Exchange Commission that are having profound effects on the market for tax planning and auditing in the wake of the well-publicized accounting scandals in Enron and WorldCom.
