PROMISES, PROMISES: THE STATES' EXPERIENCE WITH INCOME TAX INDEXING

PROMISES, PROMISES: THE STATES' EXPERIENCE WITH INCOME TAX INDEXING

Prior to 1985, ten states adopted some kind of indexing provisions for their personal income tax systems. Seven of these states subsequently suspended their indexing laws for one or more years. In this paper we examine the states' experience with income tax indexing and see what lessons can be...

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Veröffentlicht in:National tax journal 1988-12, Vol.41 (4), p.525-542
Hauptverfasser: FEENBERG, DANIEL R., ROSEN, HARVEY S.
Format: Artikel
Sprache:eng
Schlagworte:
Coefficients
Economic models
Estimated taxes
Federal taxes
Fiscal policy
Income taxes
Indexing
Inflation rates
Personal income taxes
State income tax
State taxes
States
Statistical analysis
Statutory law
Tax brackets
Taxation economics
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Beschreibung
Zusammenfassung:Prior to 1985, ten states adopted some kind of indexing provisions for their personal income tax systems. Seven of these states subsequently suspended their indexing laws for one or more years. In this paper we examine the states' experience with income tax indexing and see what lessons can be drawn from it. We describe the indexing statutes, and estimate simple econometric models of both the decisions to adopt indexing and to renege on a promise to index.
ISSN:0028-0283
1944-7477
DOI:10.1086/NTJ41788757