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Income Taxation of U.S. Households: Facts and Parametric Estimates

Author

Listed:
  • Nezih Guner

    (ICREA-MOVE)

  • Remzi Kaygusuz

    (Sabanci University)

  • Gustavo Ventura

    (Arizona State University)

Abstract

We use micro data from the U.S. Internal Revenue Service to document how Federal Income tax liabilities vary with income, marital status and the number of dependents. We report facts on the distributions of average taxes, properties of the joint distributions of taxes paid and income, and discuss how taxes are affected by marital status and the number of children. We also provide multiple parametric estimates of tax functions for use in applied work in macroeconomics and public finance. (Copyright: Elsevier)

Suggested Citation

  • Nezih Guner & Remzi Kaygusuz & Gustavo Ventura, 2014. "Income Taxation of U.S. Households: Facts and Parametric Estimates," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 17(4), pages 559-581, October.
    • Handle: RePEc:red:issued:11-141
    DOI: 10.1016/j.red.2014.01.003
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    More about this item

    Keywords

    Taxation; Tax progressivity; Households;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household

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