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Comparative analysis of the effective income tax function: empirical evidence using LIS data

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Author Info
Byung In Lim
Jin Kwon Hyun
Abstract

The effective income tax function is a useful and practical method to analyse the relationship between income and tax amounts. It includes measures of tax progressivity, the maximum effective tax rate, and the horizontal inequity. The effective income tax function was estimated statistically using the seven countries of LIS datasets and Korean data. The estimated maximum effective tax rate is less than or very close to its maximum statutory marginal tax rate, except for Norway and Korea. This implies that estimation of the effective tax function is of great use and significance in evaluating the charateristics of income tax law. The mean squared error from the effective income tax function can be used to represent the degree of horizontal inequity as a 'quick’ measure.

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Article provided by Taylor and Francis Journals in its journal Applied Economics Letters.

Volume (Year): 13 (2006)
Issue (Month): 2 (February)
Pages: 117-121
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Handle: RePEc:taf:apeclt:v:13:y:2006:i:2:p:117-121

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  1. Berliant, Marcus & Gouveia, Miguel, 1993. "Equal sacrifice and incentive compatible income taxation," Journal of Public Economics, Elsevier, vol. 51(2), pages 219-240, June. [Downloadable!] (restricted)
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  2. Louis Kaplow, 1989. "Horizontal Equity: Measures in Search of a Principle," NBER Working Papers 1679, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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This page was last updated on 2009-12-5.


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