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

Listed author(s):
  • Nezih Guner

    (ICREA-MOVE)

  • Remzi Kaygusuz

    (Sabanci University)

  • Gustavo Ventura

    (Arizona State University)

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. (Copyright: Elsevier)

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File URL: http://dx.doi.org/10.1016/j.red.2014.01.003
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Article provided by Elsevier for the Society for Economic Dynamics in its journal Review of Economic Dynamics.

Volume (Year): 17 (2014)
Issue (Month): 4 (October)
Pages: 559-581

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Handle: RePEc:red:issued:11-141
DOI: 10.1016/j.red.2014.01.003
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