| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w3900 |
| 来源ID | Working Paper 3900 |
| Which Households Own Municipal Bonds? Evidence From Tax Returns | |
| Daniel R. Feenberg; James M. Poterba | |
| 发表日期 | 1991-11-01 |
| 出版年 | 1991 |
| 语种 | 英语 |
| 摘要 | This paper uses data from 1988 federal income tax returns, which asked taxpayers to report their tax-exempt interest income as an information item, to analyze the distribution of tax-exempt asset holdings. More than three quarters of the tax-exempt debt held by households was held by those with marginal tax rates of 28% or more. The paper reports two measures of the average marginal tax rate on tax-exempt debt. The first measures the increase in taxes if a small fraction of each taxpayer's exempt interest income were converted to taxable interest. This weighted average of 'first-dollar" marginal tax rates was 25.8%. A second calculation finds that if all tax-exempt interest were reported as taxable interest, taxes would rise by 27.6% of the increase in taxable interest. Many taxpayers who have substantial tax-exempt interest receipts, but low first-dollar marginal tax rates, would be driven into higher tax brackets if the exemption were eliminated but their portfolios remained the same. |
| 主题 | Subnational Fiscal Issues ; Public Economics ; Taxation |
| URL | https://www.nber.org/papers/w3900 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/561235 |
| 推荐引用方式 GB/T 7714 | Daniel R. Feenberg,James M. Poterba. Which Households Own Municipal Bonds? Evidence From Tax Returns. 1991. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w3900.pdf（250KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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