Measuring Top Incomes Using Tax Record Data: A Cautionary Tale from Australia
AbstractAtkinson, Piketty, and Saez (2011) survey an important new literature using income tax-based data to measure the share of income held by top income groups. But changes in tax legislation that expand the tax base to include income sources (e.g. capital gains, dividends, etc.) disproportionately held by these groups will conflate such an expansion with an increase in the share of income they hold. We provide a cautionary tale from Australia of how comprehensive tax reform legislation in 1985 substantially altered Australian top income series, especially those that do not separate taxable realized capital gains from other taxable income.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 19121.
Date of creation: Jun 2013
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Other versions of this item:
- Richard V. Burkhauser & Markus H. Hahn & Roger Wilkins, 2013. "Measuring Top Incomes Using Tax Record Data: A Cautionary Tale from Australia," Melbourne Institute Working Paper Series wp2013n24, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
- H0 - Public Economics - - General
- I0 - Health, Education, and Welfare - - General
- J0 - Labor and Demographic Economics - - General
This paper has been announced in the following NEP Reports:
- NEP-ACC-2013-06-16 (Accounting & Auditing)
- NEP-ALL-2013-06-16 (All new papers)
- NEP-LTV-2013-06-16 (Unemployment, Inequality & Poverty)
- NEP-PBE-2013-06-16 (Public Economics)
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