Student debt forgiveness, residential energy credits, and equity

V. Kerry Smith

Economics Letters, 2023, vol. 222, issue C

Abstract: Based on Internal Revenue Service data in 2019, the ranking of the estimated distributions for the median adjusted gross income (AGI), using binned data at the state level, indicates the highest income levels for those claiming energy tax credits and next highest for those with student loan interest deductions. The average of each group’s median income exceeds that of all taxpayers by at least $10,000. As a result, neither of these new programs can be supported on purely equity grounds.

Keywords: Student debt relief; Energy efficiency tax credits; Incomes of gainers (search for similar items in EconPapers)
JEL-codes: H20 H24 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:222:y:2023:i:c:s0165176522004244

DOI: 10.1016/j.econlet.2022.110950

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