State Low-Income Tax Relief: Recent Trends

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 tale of the tails: Revisiting recent trends in Canadian after-tax income inequality using Census data

We present new evidence on levels and trends in after-tax income inequality in Canada between 1980 and 2000. We argue that existing data sources may miss changes in the tails of the income distribution, and that much of the changes in the income distribution have been in the tails. Our data are constructed from Census files, which are augmented with predicted taxes based on information availabl...

The Effect of State Income Tax Apportionment and Tax Incentives on New Capital Expenditures

This study examines how variations in states’ corporate income tax regimes affect new capital investment by business. Using U.S. state-aggregated data from 1983 to 1996, we find in pooled and fixed-effects regressions that new capital expenditures by corporations in the manufacturing sector are decreasing in the income tax burden on property (measured as the product of the statutory tax rate an...

Negative Income Tax Plan

British Income Tax

To the Editor of The Indian Medical Gazette. Sir ?May I remind those of your readers who receive income from the United Kingdom and have already made a claim to the Inland Revenue for repayment of the Income Tax deducted therefrom for last year, that a further claim can now be made in respect of the current financial year. , , . To those of your readers who possess such income and have not yet ...