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The Rise of Pass-Throughs and the Decline of the Labor Share

Smith, Matthew; Yagan, Danny; Zidar, Owen M.; Zwick, Eric - National Bureau of Economic Research - 2021

This paper studies the coevolution of the fall in the US corporate sector labor share and the rise of business activity in tax-preferred, pass-through form. Reallocating activity to the form it would have taken prior to the Tax Reform Act of 1986 accounts for one third of the decline in the...

Persistent link: https://www.econbiz.de/10012660078

Which Effective Tax Rate?

Fullerton, Don - 1983

effective tax rates, some studies estimate the additional taxes associated with a marginal increase in the inflation and … interest rates, while others estimate the additional taxes associated with a marginal increase in investment. Because there are …

Persistent link: https://www.econbiz.de/10012477979

The Tax Elasticity of Capital Gains and Revenue-Maximizing Rates

Agersnap, Ole - 2020

This paper uses an event study approach to estimate the effect of capital gains taxation on realizations at the state level, and then develops a framework for determining revenue-maximizing rates at the federal level. We find that the elasticity of revenues with respect to the tax rate over a...

Persistent link: https://www.econbiz.de/10012481253

Inputs to Tax Policymaking : The Supply Side, the Deficit, and the Level Playing Field

Fullerton, Don - 1990

Although supply side theory may have been obvious to economists, it instigated a major change in the nature of tax policymaking through marginal rate cuts in both the Economic Recovery Tax Act of 1981 and the Tax Reform Act of 1986. Also, the 1981 bill was the culmination of an era in which...

Persistent link: https://www.econbiz.de/10012475519

Distortionary Taxes and the Provision of Public Goods

Ballard, Charles L. - 1990

When comparing marginal costs and benefits of a public project, most economists think in terms of adding together the marginal costs of production plus marginal costs of additional distortionary taxation. This paper clarifies how the "revenue effect" offsets the "distortionary effect." For...

Persistent link: https://www.econbiz.de/10012475520

Tax Policy Toward Art Museums

Fullerton, Don - 1990

Although art museums do not pay any substantial taxes, they are greatly affected by various U.S. tax rules. The …

Persistent link: https://www.econbiz.de/10012475654

Economic Efficiency in Recent Tax Reform History : Policy Reversals or Consistent Improvements?

Fullerton, Don - 1988

added significantly to business taxes. Was there any unifying theme to these tax changes, or do they represent frequent … the net effects on efficiency of each of these changes in capital income taxation. Under the new view that dividend taxes … generate improvements in efficiency. Under the old view that dividend taxes are important, however, these changes all increase …

Persistent link: https://www.econbiz.de/10012476477

Tax Policy and Investment in a Global Economy

Chodorow-Reich, Gabriel; Smith, Matthew; Zidar, Owen M.; … - National Bureau of Economic Research - 2024

We evaluate the 2017 Tax Cuts and Jobs Act. Combining reduced-form estimates from tax data with a global investment model, we estimate responses, identify parameters, and conduct counterfactuals. Domestic investment of firms with the mean tax change increases 20% versus a no-change baseline. Due...

Persistent link: https://www.econbiz.de/10014512034

Policy Responses to Tax Competition : An Introduction

Agrawal, David R.; Poterba, James M.; Zidar, Owen M. - National Bureau of Economic Research - 2024

This paper catalogues policies that have been deployed by jurisdictions seeking to mitigate the effects of tax competition. There are many instruments in this policy arsenal, since the tax base associated with a particular tax instrument may be affected by multiple policy choices, including some...

Persistent link: https://www.econbiz.de/10014468289

Who Benefits from State Corporate Tax Cuts? A Local Labor Market Approach with Heterogeneous Firms : Further Results

Suárez Serrato, Juan Carlos; Zidar, Owen M. - National Bureau of Economic Research - 2023

This paper estimates the incidence of state corporate taxes using new data and methods for estimating the effects on … business taxes on the labor demand of incumbent firms and local productivity to identify profit effects. We estimate these …

Persistent link: https://www.econbiz.de/10014287307