|
|
|
|
|
| Roach, Brian A.. |
| The Bush administration advocates its January 2003 proposal to repeal personal dividend taxation on the basis that the cut would stimulate the economy, primarily benefit American seniors, and eliminate an unfair case of "double taxation." This paper primarily analyzes the proposal using a different criterion - its distributional impacts. Contrary to the administration's claim that seniors receive over half of all dividend income, U.S. Census Bureau data indicate that seniors receive only about one-quarter of dividend income. Dividend income is more concentrated towards high- income tax filers than the distribution of U.S. income as a whole. About two-thirds of dividend income accrues to the top 10% of tax filers. Less than one-fifth of tax filers with... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Public Economics. |
| Ano: 2003 |
URL: http://purl.umn.edu/15601 |
| |
|
| |
|
|
| Roach, Brian A.. |
| The political debate over recent reforms of the federal income tax in the United States has focused attention on the fairness of taxes. While the Bush administration claims its reforms make taxes fairer, critics counter that the majority of the tax cuts accrue to the wealthy. While the fairness of the federal income tax is an important issue, little attention has been paid to a more important issue: the fairness of the entire U.S. tax system. The federal income tax is one of the most progressive elements of the U.S. tax system; other taxes are regressive including sales and social insurance taxes. Analysis of any particular tax reform proposal is incomplete without consideration of its impact on the overall distribution of taxes. This paper measures the... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Public Economics. |
| Ano: 2003 |
URL: http://purl.umn.edu/15603 |
| |
|
|
|
