Political Origins of the U.S. Income Tax

1986 ◽  
Vol 91 (4) ◽  
pp. 1009
Author(s):  
Charles E. Gilbert ◽  
Jerold L. Waltman
Keyword(s):  
Income Tax ◽  
The U.S ◽  
Political Origins

scholarly journals Skill-Biased Technological Change and Inequality in the U.S.

2020 ◽  
pp. 91-107
Author(s):  
Ana Ferreira
Keyword(s):  
Income Inequality ◽  
Technological Change ◽  
Incomplete Markets ◽  
Gini Coefficient ◽  
Income Tax ◽  
Overlapping Generations ◽  
Overlapping Generations Model ◽  
Biased Technological Change ◽  
Household Heterogeneity ◽  
The U.S

Since the 1980s, income inequality has increased markedly and has reached the highest level ever since it started being recorded in the U.S. This paper uses an overlapping generations model with incomplete markets that allows for household heterogeneity that is calibrated to match the U.S. economy with the purpose to study how skill-biased technological change (SBTC) and changes in taxation quantitatively account for the increase in inequality from 1980 to 2010. We find that SBTC and taxation decrease account for 48% of the total increase in the income Gini coefficient. In particular, we conclude that SBTC alone accounted for 42% of the overall increase in income inequality, while changes in the progressivity of the income tax schedule alone accounted for 5.7%.

The Determinants Of Personal Saving In The U.S.

2010 ◽  
Vol 26 (5) ◽  
Author(s):  
Myeong Hwan Kim
Keyword(s):  
Economic Performance ◽  
Income Tax ◽  
Time Series Data ◽  
Series Data ◽  
Personal Income Tax ◽  
Font Size ◽  
Personal Saving ◽  
External Variables ◽  
Real Estate Loan ◽  
The U.S

<p class="MsoNormal" style="text-justify: inter-ideograph; text-align: justify; margin: 0in 36.1pt 0pt 0.5in; mso-pagination: none;"><span style="color: black; font-size: 10pt;"><span style="font-family: Times New Roman;">In this study, a number of internal and external variables that could affect personal saving are examined using regression to show how they are related to personal saving. The empirical study is performed using the time series data of the U.S. between the years 1950 and 2007. The findings reveal that personal saving is highly dependent on personal income, tax, credit outstanding and status of employment, while dependency ratio, current real estate loan, real interest rate and status of economic performance are indeterminate.<em><span style="mso-bidi-font-style: normal;"></span></em></span></span></p>

Tax Policy under Nongeometric Physical Depreciation

1986 ◽  
Vol 14 (3) ◽  
pp. 263-288
Author(s):  
Tryphon Kollintzas
Keyword(s):  
Tax Policy ◽  
Income Tax ◽  
Cost Of Capital ◽  
Tax Structure ◽  
User Cost ◽  
Policy Changes ◽  
Fixed Investment ◽  
Major Implication ◽  
The U.S

This article takes into account most important features of the U.S. corporation income tax structure in the derivation of the user cost of capital from a model that allows for nonstatic expectations and nongeometric physical depreciation. The depreciation component of the derived user cost of capital is a function of the discounted future stream of after-tax replacement costs necessary to maintain indefinitely one unit of capital. This establishes a previously neglected channel through which tax policy may affect the user cost of capital and therefore fixed investment. The major implication of this finding is that tax policy changes that are perceived to be relatively temporary may have a smaller impact on fixed investment than previously thought.

scholarly journals VITA Experiential, Service-Learning, Learned Competencies, And Changed Mindsets

2014 ◽  
Vol 11 (2) ◽  
pp. 71-84 ◽  
Author(s):  
Robin Boneck ◽  
Jeffrey N. Barnes ◽  
Tyler F. Stillman
Keyword(s):  
Content Analysis ◽  
Service Learning ◽  
Qualitative Analysis ◽  
Income Tax ◽  
Quantitative Assessment ◽  
Internal Revenue Service ◽  
Learning Activity ◽  
Lower Income ◽  
Student Volunteers ◽  
The U.S

The authors describe how Southern Utah University has integrated the U.S. Internal Revenue Service (IRS) Voluntary Income Tax Assistance (VITA) program as an experiential service-learning activity for over a decade and a half. First, we describe the value of experiential service-learning. Second, we detail the program, its oversight, its student volunteers, and its purposes. Third, we provide a quantitative assessment of professional competencies based on a sample of 29 recent VITA student volunteers. Fourth, we describe a qualitative analysis of VITA student volunteers perceptions of their participation using content analysis of written essays. And last, we provide a qualitative analysis of 71 tax-clients perceptions of their participation in the program, again using content analysis. Based on our experiences and these results, we conclude that the VITA program is demonstrably beneficial for the institutions social responsibility for benefitting both the student volunteers professional development and communitys lower-income tax filers.

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