Effective Marginal Tax Rates Under the Federal Individual Income Tax: Death by One Thousand Pin Pricks?
The federal personal income tax has six statutory marginal tax rates: zero, 15 percent, 28 percent, 31 percent, 36 percent, and 39.6 percent. Because of the design of certain provisions of the Internal Revenue Code, an effective marginal tax rate may not always correspond to the statutory marginal tax rate. Recently, the staff of the Joint Committee on Taxation prepared a report identifying those provisions that cause a taxpayer's effective marginal tax rate to differ from his statutory marginal tax rate. This paper summarizes that study and discusses the consequences of these provisions on the efficiency, equity and complexity of the federal individual income tax.
Volume (Year): 51 (1998)
Issue (Month): n. 3 (September)
|Contact details of provider:|| Postal: 725 15th St. NW #600. Washington, D.C. 20005-2109|
Fax: (202) 737-7308
Web page: http://www.ntanet.org/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Robert K. Triest, 1990. "The Effect of Income Taxation on Labor Supply in the United States," Journal of Human Resources, University of Wisconsin Press, vol. 25(3), pages 491-516.
When requesting a correction, please mention this item's handle: RePEc:ntj:journl:v:51:y:1998:i:n._3:p:553-64. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Charmaine Wright)
If references are entirely missing, you can add them using this form.