G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w24531
来源IDWorking Paper 24531
The Elasticity of Taxable Income in the Presence of Intertemporal Income Shifting
Aspen Gorry; R. Glenn Hubbard; Aparna Mathur
发表日期2018-04-23
出版年2018
语种英语
摘要Knowing the elasticity of taxable income (ETI) is crucial for understanding the effects of taxation on taxpayer behavior and consequently on tax revenues. Previous research finds that high-income individuals are the most sensitive to tax policy changes. However, these individuals have more opportunities to defer income to future tax bases by altering the composition of their compensation than lower-income individuals. This paper considers the taxable income elasticity when individuals can shift income across tax bases and thereby defer taxation. We decompose the elasticity of taxable income into a real response as well as an income shifting response. We measure the tax rate on deferred income by the expected tax gain from deferring income using stock options as developed by Hall and Liebman (2000). Our results demonstrate that income shifting is an important component of previous estimates of the ETI. Because shifted income is taxed at future dates, income shifting decreases the welfare loss from personal income taxation associated with previous estimates.
主题Financial Economics ; Corporate Finance ; Public Economics ; Taxation ; Labor Economics ; Labor Compensation
URLhttps://www.nber.org/papers/w24531
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/582204
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Aspen Gorry,R. Glenn Hubbard,Aparna Mathur. The Elasticity of Taxable Income in the Presence of Intertemporal Income Shifting. 2018.
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