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

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  • Guner, Nezih
  • Kaygusuz, Remzi
  • Ventura, Gustavo

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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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 9078.

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Date of creation: Aug 2012
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Handle: RePEc:cpr:ceprdp:9078

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Keywords: Households; Tax Progressivity; Taxation;

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References

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Citations

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Cited by:
  1. 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).
  2. Heathcote, Jonathan & Storesletten, Kjetil & Violante, Giovanni L., 2014. "Optimal Tax Progressivity: An Analytical Framework," Staff Report 496, Federal Reserve Bank of Minneapolis.
  3. Badel, Alejandro & Huggett, Mark, 2014. "Taxing top earners: a human capital perspective," Working Papers 2014-17, Federal Reserve Bank of St. Louis.
  4. Sofía Bauducco & Gonzalo Castex, 2013. "The Wealth Distribution in Developing Economies: Comparing the United States to Chile," Working Papers Central Bank of Chile 702, Central Bank of Chile.
  5. 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.
  6. Karel Mertens, 2013. "Marginal Tax Rates and Income: New Time Series Evidence," NBER Working Papers 19171, National Bureau of Economic Research, Inc.

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