Economics, Econometrics and Finance
4 years ago

New Tax Structures Could Boost Revenue from High Income Earners

National Bureau of Economic Research
Alternatives to the Current Maximum Tax on Earned Income
Lawrence B. Lindsey

Paper Summary

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The article explores different ways to tax high income earners, aiming to maximize tax revenue while minimizing tax avoidance. By analyzing how tax rates affect income reporting, the researchers found that the current tax structure did not achieve its intended goal of reducing the maximum tax rate on earned income to 50 percent. They used a model to estimate the impact of various tax rate structures on tax revenue.