Using the Panel Study of Income Dynamics and a cohort individuals born between 2000 2011, we examine whether exposure to Earned Tax Credit (EITC) in early childhood (birth age five) affects family wealth middle (ages six through eleven). Results suggest that $1,000 increase EITC increases overall by around 4 percent. We also observe an credit card debt (3 percent) evidence low-income families’ ...

The joint distribution of estates of husbands and wives is analyzed to determine the wealth of couples, the process by which wealth is transferred outside the marital unit, ,and the extent of transfers to children. The data are obtained from a representative sample of Hisconsin taxpayers who died in the period 1948 ...78. The data available for these persons includes tax return data, on earning...

Abstract The study empirically tests whether regional differences in personal taxes (Personal Income Tax, Wealth and Inheritance Gift tax) have had some influence on the decision of richest Spanish taxpayers to change their residence. estimates use Personal Tax (IRPF) Panel database provided by Ministry Public Finance. offers evidence that tax affect residence top income also this is affected o...

We study attitudes towards the introduction of hypothetical new taxes to finance cost COVID-19 pandemic. rely on survey data collected in Luxembourg 2020. The asks for agreement respondents over: a one-time net wealth tax, an inheritance temporary solidarity income and increase VAT. All questions include different randomly assigned tax attributes (tax rates exemption amounts). find clear divide...

This paper studies how tax evasion in the self-employment sector affects aggregate outcomes and welfare. We develop a dynamic general equilibrium model with incomplete markets which heterogeneous agents choose between being worker or self-employed. Self-employed may misreport their business income but face risk of detected by authorities. Our replicates important quantitative features U.S. econ...

Land value tax, a variant of the property is recurrent tax levied upon unimproved land value, which does not include improvements land. In practice, can be imposed on both and its with higher rate The motivation behind adapting to mitigate negative impacts brought forth by traditional taxation, imposes same improvements. These distortion economic activities undesirable distribution incidence. c...

INTRODUCTION quality remain unchanged. If other sources of taxation are used they also Pressures are increasing for reforms in financing must be evaluated relative to the concepts of equity of local government services. At the local level, the and regressiveness on taxpayers. One frequently property tax is a major source of concern.! Two mentioned alternative to the property tax is a local majo...

It might be argued that gift and inheritance tax can used as a means of improving the current income wealth distribution, other transfers have an additional negative effect on distribution. However, transfers, tax, having very long history, has not been given enough value for years. may assumed low share revenue derived from in total many countries reflects decreasing importance function attrib...