| 来源类型 | Working Paper
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| 规范类型 | 论文
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| Estimating the distributional implications of the Tax Cuts and Jobs Act |
| Aparna Mathur; Cody Kallen
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| 发表日期 | 2019-02-27
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| 出版年 | 2019
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| 语种 | 英语
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| 摘要 | Abstract
This paper provides a distributional analysis of the Tax Cuts and Jobs Act that became law in December 2017, with implications for American households from changes in the individual tax provisions as well as in the corporate tax provisions. We model the impact on average tax rates as well as after-tax incomes for households, using tax records data from the 2011 IRS public use file, and the open-source Tax-Calculator microsimulation model. The IRS data has been matched to data from the Current Population Survey in order to obtain additional non-tax information. Modeling both the static as well as the dynamic distributional impact, we find that the effects of the TCJA vary tremendously across and within income deciles, depending upon family structure, the choice of equivalence scales, and also whether the impacts are short-term or long-term. In particular, we find that the expansion of the Child Tax Credit provided larger benefits to families with children. Since larger families tend to have higher incomes, this makes the TCJA appear regressive, but using an appropriate equivalence scale offsets part or all of this regressivity. In the longer-run, as almost all the individual income tax provisions expire in 2025, most households experience a tax hike. However, once we account for the dynamic corporate impacts, most households see an increase in after-tax incomes, with higher income households experiencing significantly larger increases in after-tax incomes, relative to lower income households.
Read the full PDF here. |
| 主题 | Economics
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| 标签 | corporate taxes
; tax cuts
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| URL | https://www.aei.org/research-products/working-paper/estimating-the-distributional-implications-of-the-tax-cuts-and-jobs-act/
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| 来源智库 | American Enterprise Institute (United States)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/207401
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推荐引用方式
GB/T 7714 |
Aparna Mathur,Cody Kallen. Estimating the distributional implications of the Tax Cuts and Jobs Act. 2019.
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文件名：
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Distributional-implications-TCJA-Kallen-Mathur-WP.pdf
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格式：
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Adobe PDF
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