Income Tax Evasion Revisited: The Impact of Interest Rate Yields on Tax‐Free Municipal Bonds

Richard Cebula ()

Southern Economic Journal, 2004, vol. 71, issue 2, 418-423

Abstract: This study empirically investigates a hypothesis that the degree of aggregate federal personal income tax evasion may be influenced by the interest rate yield on high‐grade municipal bonds. After allowing for the impacts of a variety of factors that typically have been inferred to influence income tax evasion, it is found that the higher the tax‐free interest rate yield on high‐grade municipal bonds relative to the taxable yield on 10‐year Treasury notes, the lower the aggregate degree of federal personal income tax evasion.

Date: 2004
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https://doi.org/10.1002/j.2325-8012.2004.tb00647.x

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Persistent link: https://EconPapers.repec.org/RePEc:wly:soecon:v:71:y:2004:i:2:p:418-423

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