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

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  • Nezih Guner
  • Remzi Kaygusuz
  • Gustavo Ventura

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.

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Bibliographic Info

Paper provided by Barcelona Graduate School of Economics in its series Working Papers with number 705.

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Date of creation: Jul 2013
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Handle: RePEc:bge:wpaper:705

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Keywords: taxation; tax progressivity; households;

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Citations

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Cited by:
  1. Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante, 2014. "Optimal Tax Progressivity: An Analytical Framework," NBER Working Papers 19899, National Bureau of Economic Research, Inc.
  2. Sofía Bauducco & Gonzalo Castex, 2013. "The Wealth Distribution in Developing Economies: Comparing the United States to Chile," Working Papers Central Bank of Chile, Central Bank of Chile 702, Central Bank of Chile.
  3. Karel Mertens, 2013. "Marginal Tax Rates and Income: New Time Series Evidence," NBER Working Papers 19171, National Bureau of Economic Research, Inc.
  4. Guner, Nezih & Lopez-Daneri, Martin & Ventura, Gustavo, 2014. "Heterogeneity and Government Revenues: Higher Taxes at the Top?," IZA Discussion Papers 8335, Institute for the Study of Labor (IZA).
  5. Badel, Alejandro & Huggett, Mark, 2014. "Taxing top earners: a human capital perspective," Working Papers, Federal Reserve Bank of St. Louis 2014-17, Federal Reserve Bank of St. Louis.
  6. Hans A. Holter & Dirk Krueger & Serhiy Stepanchuk, 2014. "How Does Tax Progressivity and Household Heterogeneity Affect Laffer Curves?," PIER Working Paper Archive 14-015, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.

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