The efficiency and welfare effects of tax reform: are fewer tax brackets better than more?
AbstractA comparison of a simple two-bracket income tax code with an approximation to traditional structures that entail steeply rising marginal tax rates, showing that the simpler rate structures are not necessarily more efficient than alternatives with many, highly progressive brackets.
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Bibliographic InfoArticle provided by Federal Reserve Bank of Cleveland in its journal Economic Review.
Volume (Year): (1994)
Issue (Month): Q IV ()
Other versions of this item:
- David Altig & Charles T. Carlstrom, 1992. "The efficiency and welfare effects of tax reform: are fewer tax brackets better than more?," Working Paper 9212, Federal Reserve Bank of Cleveland.
- David Altig & Charles T. Carlstrom, 1992. "The efficiency and welfare effects of tax reform: are fewer tax brackets better than more?," Discussion Paper / Institute for Empirical Macroeconomics 78, Federal Reserve Bank of Minneapolis.
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