| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w7268 |
| 来源ID | Working Paper 7268 |
| Taxing Retirement Income: Nonqualified Annuities and Distributions from Qualified Accounts | |
| Jeffrey R. Brown; Olivia S. Mitchell; James M. Poterba; Mark J. Warshawsky | |
| 发表日期 | 1999-07-01 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | This paper explores the current tax treatment of non-qualified immediate annuities and distributions from tax-qualified retirement plans in the United States. First, we describe how immediate annuities held outside retirement accounts are taxed. We conclude that the current income tax treatment of annuities does not substantially alter the incentive to purchase an annuity rather than a taxable bond. We nevertheless find differences across different individuals in the effective tax burden on annuity contracts. Second, we examine an alternative method of taxing annuities that would avoid changing the fraction of the annuity payment that is included in taxable income as the annuitant ages, but would still raise the same expected present discounted value of revenues as the current income tax rule. We find that a shift to a constant inclusion ratio increases the utility of annuitants, and that this increase is greater for more risk averse individuals. Third, we examine how payouts from qualified accounts are taxed, focusing on both annuity payouts and minimum distribution requirements that constrain the feasible time path of nonannuitized payouts. We describe briefly the origins and workings of the minimum distribution rules and we also provide evidence on the fraction of retirement assets potentially affected by these rules. |
| 主题 | Public Economics ; Taxation ; National Fiscal Issues |
| URL | https://www.nber.org/papers/w7268 |
| 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/564800 |
| 推荐引用方式 GB/T 7714 | Jeffrey R. Brown,Olivia S. Mitchell,James M. Poterba,et al. Taxing Retirement Income: Nonqualified Annuities and Distributions from Qualified Accounts. 1999. |
| 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 | ||
| w7268.pdf（425KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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