Finally, we calculate effective income tax rates paid by top income groups and we derive a range of optimal income taxes for the top 1% income group. We obtain two main empirical results. First, although Ecuador's PIT is highly progressive its redistributive capacity is low. Our results show...
Siegloch (2011), "Tax Policy and Income Inequality in the US, 1978-2009: A Decomposition Approach", IZA Discussion Paper, No. 5910.Tax Policy and Income Inequality in theU.S.1978-2009:A Decomposition Approach. Bargain O,et al. . 2011...
Just compare Texas, which has no personal income tax, and Oklahoma, which has a top rate of 4.75 percent. Last month, the Tax Foundation found that Texas’ economy grew roughly 35 percent faster than Oklahoma’s over the last two decades, with Texas’ personal incomes and gross state ...
In subject area: Economics, Econometrics and Finance Money income is defined as income received on a regular basis (exclusive of certain money receipts such as capital gains) before payments for personal income taxes, social security, union dues, Medicare deductions, etc. From: Handbook of US Con...
'The decline in corporate-tax collection in recent decades has contributed to budget deficits. It has also aggravated income inequality: a company's shareholders ultimately pay its taxes, and with a smaller tax bill, shareholders, who tend to be much more affluent than the average American, see...
Public Versus Private Investment in Education in a Two Tiers System: The Role of Income Inequality and Intergenerational Persistence in Education Article 03 January 2024 Notes There is an implicit constraint in the model so that the maximum number of children n is bounded by 1/ϕ. Since es...
The rise of economic inequality in the past few decades is one of the most relevant phenomena in western countries recent history. Market income distribution pushed inequality up and challenged welfare state capacity to deal with economic gaps. Market in
Excess profits taxes can be temporary or permanent and are usually intended to offset income inequality, especially due to windfall profits. In the U.S., excess profits taxes have repeatedly been imposed by the federal government during periods of war and other crises. ...
Inequity and Inequality Tax havens can exacerbate income inequality. Wealthy individuals and large corporations often have the resources to research and take advantage of these tax breaks. More often, those who do not have these resources may not have the ability to structure their assets to gain ...
Deductibles may worsen income inequality, favoring higher earners. Complexity breeds errors, burdening taxpayers and businesses. Standardized Deduction vs. Itemized Deduction U.S. individual taxpayers may use either thestandard deductionor fill out a list of all of their deductible expenses, depending on...