Tax Policy and Income inequality
How many decades was the sample period composed of ?
Three
Why was the LSE study created
To examine the relationship between income inequality, employment, and tax cuts
How long did it take to conduct the LSE study
50 years
How many tax policies were analyzed for their effect on inequality?
SIX
What is Reaganomics and how did it impact tax cut and inequality
Associated with the reduction of taxes and the promotion of unrestricted free market activity. However it disproportionately increasing the wealth gap between poor and the wealthy
In the Bargain et al. article, how many decomposition approaches were used to study policy effect?
What was a key benefit in using the TAXSIM tool from the National Bureau of Economic Research (NBER)?
Allowed for controlled expirments
What is the main claim from LSE authors
Claims that tax cuts do not have any significant effect on economic growth and unemployment”, and “lead to higher income inequality”
By how much has the wealth of billionaires increased since the pandemic
27.5%
Given the posttax income distribution,what does d represent?
Rules and structure of the tax system
What where the main changes did were included in the Tax Cut and Jobs Act of 2017
Changed deductions, depreciation, expensing, tax credits and other tax items that affect businesses.
True or false; The "tax policy effect" measures the direct and indirect that a policy has on a given income distribution?
False, only direct
Which tax policy relized a substantial raise in the posttax income shares for the upper half of the distribution, while negativley impacting the bottom half?
TRA86
How much did the Jobs and Growth Tax relief reconciliation Act of 2003 lowered the individual tax rate on corporate dividends
15%
Regarding the Bargain et al. article , what was one of the three key findings presented?
Originally captured by the "other effect" during analysis, however behavioral responses may have been large therefore necessary to investigate.
OR
Did not change results qualitatively but impacted the relative importance of the policy effect on inequality. Upper bound estimate is 18% - 41%