Economics, Econometrics and Finance
4 years ago

Tax cuts lead to higher incomes for the wealthy, study finds.

1 view
SSRN Electronic Journal
The Elasticity of Taxable Income During the 1990s: New Estimates and Sensitivity Analyses
Seth H. Giertz

Paper Summary

The article estimates how people's income changes when tax rates change. They found that income can go up or down depending on the tax rate changes. The estimates show that income can increase by 19% to 33% in the short term and even more in the long term. The study also found that the way income is controlled can affect the results.

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