Measuring the Average Marginal Tax Rate from the Individual Income Tax

Reforming the Individual Income Tax

Starting in the late 1970s the Tayloe Murphy Institute, which was one of two institutions that combined to form the Weldon Cooper Center for Public Service in 1987, published a series of monographs on fiscal issues in the Commonwealth of Virginia. Six papers were eventually published. In the mid-1980s the series was discontinued. Many topics had been covered and did not require immediate reexam...

Effective Tax Functions for the US Individual Income Tax : 1966

Marginal tax reform , externalities and income distribution

The paper examines welfare improving and revenue neutral directions marginal policy reforms for an economy with nonidentical individuals and an externality that has a feedback effect on the consumption of taxed goods. It considers three types of policy instruments: the indirect taxes, the uniform poll transfer and public abatement. This extends the framework set up by Ahmad and Stern (1984), Bo...

Income Tax Buyouts and Income Tax Evasion

A tax buyout is a contract between tax authorities and a tax payer which reduces the marginal income tax rate in exchange for a lump-sum payment. While previous contributions have focussed on labour supply, we consider the interaction with tax evasion and show that a buyout can increase expected tax revenues. This will be the case if (1) the audit probability is constant and the penalty for eva...

The Compliance Cost of the U.s. Individual Income Tax System: a Second Look after Tax Reform***

S IMPLIFICATIONwas one of the prinforms with pages of confusing directions, cipal objectives of the tax reform the need to keep complex and detailed movement of the 1980's that culminated records and to understand the personal in the Tax Reform Act of 1986 (TRA86). impact of a code which treats alternative To emphasize the importance of simplifieconomic behaviors differentially, the cation, the...