MARC Record from Library of Congress

LEADER: 02431cam a22003017a 4500
001 2005616168
003 DLC
005 20050124175724.0
007 cr |||||||||||
008 050124s2004 mau sb 000 0 eng
010 $a 2005616168
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aSaez, Emmanuel.
245 10 $aReported incomes and marginal tax rates, 1960-2000$h[electronic resource] :$bevidence and policy implications /$cEmmanuel Saez.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2004.
490 1 $aNBER working paper series ;$vworking paper 10273
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 1/24/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"This paper use income tax return data from 1960 to 2000 to analyze the link between reported incomes and marginal tax rates. Only the top 1% incomes show evidence of behavioral responses to taxation. The data displays striking heterogeneity in the size of responses to tax changes overtime, with no response either short-term or long-term for the very large Kennedy top rate cuts in the early1960s, and striking evidence of responses, at least in the short-term, to the tax changes since the 1980s. The 1980s tax cuts generated a surge in business income reported by high income individual taxpayers due to a shift away from the corporate sector, and the disappearance of business losses for tax avoidance. The Tax Reform Act of 1986 and the recent 1993 tax increase generated large short-term responses of wages and salaries reported by top income earners, most likely due to re-timing in compensation to take advantage of the tax changes. However, it is unlikely that the extraordinary trend upward of the shares of total wages accruing to top wage income earners, which started in the 1970s and accelerated in the 1980s and especially the late 1990s, can be explained solely by the evolution of marginal tax rates"--National Bureau of Economic Research web site.
650 0 $aIncome tax$xEconometric models.
650 0 $aIncome$xEconometric models.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 10273.
856 40 $uhttp://papers.nber.org/papers/W10273