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Do the rich pay their taxes early?

Andreas Fischer () and Lucca Zachmann

No 2018-08, Working Papers from Swiss National Bank

Abstract: This paper examines the effects of household income on interest credits from early tax payments. The hypothesis that the richest households from high-income municipalities pay their income taxes early is tested in a demand specification for interest credit for early tax payments. The empirical analysis uses regional data from 170 municipalities in the canton of Zurich from 2007 to 2013. A one standard deviation increase in the ratio for household income between the mean and the 75th percentile increases the ratio of interest tax credit to total taxes by 5%. The finding that high-income households pay their taxes early supports the view that institutional arrangements supporting early tax payments make the (effective) tax system more regressive for high-income households.

Keywords: Early tax payment; demand for interest credit on early tax payment (search for similar items in EconPapers)
JEL-codes: D14 D30 E21 E41 H31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eur, nep-mac and nep-pub
Date: 2018
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