Economics at your fingertips  

Distributional Impacts of the Tax Cuts and Jobs Act Using Farm Household Microdata

Siraj Bawa () and James M. Williamson

Applied Economic Perspectives and Policy, 2020, vol. 42, issue 4, 835-855

Abstract: This paper uses ten years of USDA's Agricultural Resource Management Survey data to evaluate the impact of the Tax Cuts and Jobs Act (TCJA). We simulate income tax returns at the household level using the survey's detailed financial and demographic information. We find that farm households in the top 10% of the income distribution realize 71% of the total tax cuts from the TCJA, while families in the bottom 20% of the distribution experience a slight increase in their income tax liabilities. Consequently, the TCJA reduces the progressivity of the tax code, particularly over years with lower farm household income.

Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in Applied Economic Perspectives and Policy from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().

Page updated 2023-06-15
Handle: RePEc:wly:apecpp:v:42:y:2020:i:4:p:835-855