Individual Income Tax Reductions
Author: United States. Congress. Joint Committee on Internal Revenue Taxation
Publisher:
Published: 1975
Total Pages: 16
ISBN-13:
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Author: United States. Congress. Joint Committee on Internal Revenue Taxation
Publisher:
Published: 1975
Total Pages: 16
ISBN-13:
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Publisher:
Published: 1999
Total Pages: 48
ISBN-13:
DOWNLOAD EBOOKAuthor: United States. Congress. House. Committee on Ways and Means
Publisher:
Published: 1981
Total Pages: 40
ISBN-13:
DOWNLOAD EBOOKAuthor: United States. Congress. Senate. Committee on Finance
Publisher:
Published: 1948
Total Pages: 686
ISBN-13:
DOWNLOAD EBOOKAuthor: United States. Congress. House. Committee on Ways and Means
Publisher:
Published: 1948
Total Pages: 280
ISBN-13:
DOWNLOAD EBOOKAuthor: United States. Congress. House. Committee on Ways and Means
Publisher:
Published: 1947
Total Pages: 212
ISBN-13:
DOWNLOAD EBOOKAuthor: Mrs.Sandra V Lizarazo Ruiz
Publisher: International Monetary Fund
Published: 2017-09-01
Total Pages: 32
ISBN-13: 1484318226
DOWNLOAD EBOOKThis paper assesses the macroeconomic and distributional impact of personal income tax (PIT) reforms in the U.S. drawing on a multi-sector heterogenous agents model in which consumers have non-homothetic preferences and sectors differ in terms of their relative labor and skill intensity. The model is calibrated to key characteristics of the US economy. We find that (i) PIT cuts stimulate growth but the supply side effects are never large enough to offset the revenue loss from lower marginal tax rates; (ii) PIT cuts do “trickle-down” the income distribution: tax cuts stimulate demand for non-tradable services which raise the wages and employment prospects of low-skilled workers even if the tax cut is not directly incident on them; (iii) A revenue neutral tax plan that reduces PIT for middle-income groups, raises the consumption tax, and expands the Earned Income Tax Credit can have modestly positive effects on growth while reducing income polarization; (iv) The growth effects from lower income taxes are concentrated in non-tradable service sectors although the increased demand for tradable goods generate positive spillovers to other countries; (v) Tax cuts targeted to higher income groups have a stronger growth impact than tax cuts for middle income households but significantly worsen income polarization, even after taking into account trickle-down effects and an expansion of the Earned Income Tax Credit.
Author: United States. Congress. Senate. Committee on Finance
Publisher:
Published: 1947
Total Pages: 600
ISBN-13:
DOWNLOAD EBOOKAuthor: United States. Congress. House. Committee on Ways and Means
Publisher:
Published: 1978
Total Pages: 110
ISBN-13:
DOWNLOAD EBOOKAuthor: United States. Department of the Treasury
Publisher:
Published: 1975
Total Pages: 12
ISBN-13:
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