The effect of recent tax changes on taxable income: Evidence from a new panel of tax returns

Bradley Heim

Journal of Policy Analysis and Management, 2009, vol. 28, issue 1, 147-163

Abstract: This paper estimates the elasticity of taxable income to the net-of-tax share using a panel of tax returns that follows a random sample of taxpayers from 1999 to 2005, spanning the EGTRRA 2001 and JGTRRA 2003 tax changes. Results suggest that the elasticity of taxable income to the current year's net-of-tax share lies between 0.3 and 0.4 overall, and that the elasticity of a broader measure of income falls between 0.1 and 0.2 overall, with substantially higher elasticities for taxpayers reporting income in excess of $500,000. © 2009 by the Association for Public Policy Analysis and Management.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jpamgt:v:28:y:2009:i:1:p:147-163

DOI: 10.1002/pam.20406

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