Transcription of September 2014 - Brookings
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September 2014 - Brookings
Effects of Income Tax Changes on economic Growth William G. Gale, The Brookings Institution and Tax Policy CenterAndrew A. Samwick, Dartmouth College and National Bureau of economic ResearchSeptember 2014 The authors thank Fernando Saltiel, Bryant Renaud, and Aaron Krupkin for research assistance and Leonard Burman, Douglas Hamilton, Diane Lim, Donald Marron, Eric Toder, and Kevin Wu for helpful comments. This publication was made possible by a grant from the Peter G. Peterson Foundation. The statements made here and views expressed are solely those of the authors. AbstractThis paper examines how changes to the individual income tax affect long-term economic growth. The structure and financing of a tax change are critical to achieving economic growth.
Jun 09, 2016 · economic cost of the tax rises with the square of the tax rate, the efficiency gains from reducing tax rates are larger when tax rates are …
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