Tax Rates and Tax Losses. A Preliminary Analysis Using Aggregate Data

James E. Long
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James E. Long: Auburn University

Public Finance Review, 1984, vol. 12, issue 4, 457-472

Abstract: Theory suggests that increases in income tax rates induce individuals to make choices that reduce their tax liability. This article documents the growth of “business†losses reported on personal tax returns during 1948–1980. Such losses offset $57 billion of taxable income in 1980 and saved taxpayers an estimated $16 billion.

Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:sae:pubfin:v:12:y:1984:i:4:p:457-472

DOI: 10.1177/109114218401200404

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