Who Benefits from Indexation?
This article analyzes the distributional effects of indexation of the standard deduction, the personal exemption, and the marginal tax rate brackets in the personal income tax. The analysis focuses upon Colorado, a state that enacted full indexation of its personal income tax in 1978. It is found th...
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| Veröffentlicht in: | Public finance quarterly 1987-01, Vol.15 (1), p.27-44 |
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| container_end_page | 44 |
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| container_start_page | 27 |
| container_title | Public finance quarterly |
| container_volume | 15 |
| creator | Alm, James Zubrow, Reuben A. |
| description | This article analyzes the distributional effects of indexation of the standard deduction, the personal exemption, and the marginal tax rate brackets in the personal income tax. The analysis focuses upon Colorado, a state that enacted full indexation of its personal income tax in 1978. It is found that full indexation is decidedly pro-poor: The percentage reduction in taxes due to indexation falls as income rises, with the percentage reduction nearly four times as great for the lowest income class as for the highest. The factors giving the largest proportional benefit to the lowest-income taxpayers are indexation of the standard deduction and, to a lesser extent, the rate brackets, although the relative importance of the various indexation factors is shown to vary over time. |
| doi_str_mv | 10.1177/109114218701500102 |
| format | Article |
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The analysis focuses upon Colorado, a state that enacted full indexation of its personal income tax in 1978. It is found that full indexation is decidedly pro-poor: The percentage reduction in taxes due to indexation falls as income rises, with the percentage reduction nearly four times as great for the lowest income class as for the highest. The factors giving the largest proportional benefit to the lowest-income taxpayers are indexation of the standard deduction and, to a lesser extent, the rate brackets, although the relative importance of the various indexation factors is shown to vary over time.</description><subject>Advantages</subject><subject>Colorado</subject><subject>Deductions</subject><subject>Effects</subject><subject>Income tax, State</subject><subject>Income taxes</subject><subject>Index clauses</subject><subject>Indexation</subject><subject>Marginal</subject><subject>Poor</subject><subject>State taxes</subject><subject>Tax deductions</subject><subject>Tax exemptions</subject><subject>Tax rates</subject><subject>Taxation</subject><issn>1091-1421</issn><issn>0048-5853</issn><issn>1552-7530</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1987</creationdate><recordtype>article</recordtype><sourceid>7TQ</sourceid><recordid>eNp9kE9LAzEQxYMoWKtfQBCKB29rM7ObZHMSLf4pFLwoHkM2neiWdlOTLei3N6WCoCAMzAz83rzhMXYK_BJAqTFwDVAh1IqD4Bw47rEBCIGFEiXfz3MGii1xyI5SWnDOUSg9YGcvb2F0Qx35tk8jH8NqNO3m9GH7NnRXx-zA22Wik-8-ZM93t0-Th2L2eD-dXM8Kh3XdFwDOa8Q6WyvMNbeNFrZx6K1uPFYVOYFCS3KyKisUJPIiSWmoOVJN5ZBd7O6uY3jfUOrNqk2OlkvbUdgkI3SFKIFn8PwXuAib2OXfTDaWpeSyzBDuIBdDSpG8Wcd2ZeOnAW62cZm_cWXReCdK9pV-rv6j-AIC-mZB</recordid><startdate>198701</startdate><enddate>198701</enddate><creator>Alm, James</creator><creator>Zubrow, Reuben A.</creator><general>SAGE Publications</general><general>SAGE PUBLICATIONS, INC</general><scope>AAYXX</scope><scope>CITATION</scope><scope>7TQ</scope><scope>8BJ</scope><scope>DHY</scope><scope>DON</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>198701</creationdate><title>Who Benefits from Indexation?</title><author>Alm, James ; Zubrow, Reuben A.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c288t-11cf922815072072dab95abc2fa9bf244ec52596ec643425e55966e791802e8e3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1987</creationdate><topic>Advantages</topic><topic>Colorado</topic><topic>Deductions</topic><topic>Effects</topic><topic>Income tax, State</topic><topic>Income taxes</topic><topic>Index clauses</topic><topic>Indexation</topic><topic>Marginal</topic><topic>Poor</topic><topic>State taxes</topic><topic>Tax deductions</topic><topic>Tax exemptions</topic><topic>Tax rates</topic><topic>Taxation</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Alm, James</creatorcontrib><creatorcontrib>Zubrow, Reuben A.</creatorcontrib><collection>CrossRef</collection><collection>PAIS Index</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Public finance quarterly</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Alm, James</au><au>Zubrow, Reuben A.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Who Benefits from Indexation?</atitle><jtitle>Public finance quarterly</jtitle><date>1987-01</date><risdate>1987</risdate><volume>15</volume><issue>1</issue><spage>27</spage><epage>44</epage><pages>27-44</pages><issn>1091-1421</issn><issn>0048-5853</issn><eissn>1552-7530</eissn><coden>PFQADD</coden><abstract>This article analyzes the distributional effects of indexation of the standard deduction, the personal exemption, and the marginal tax rate brackets in the personal income tax. 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| fulltext | fulltext |
| identifier | ISSN: 1091-1421 |
| ispartof | Public finance quarterly, 1987-01, Vol.15 (1), p.27-44 |
| issn | 1091-1421 0048-5853 1552-7530 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_59422610 |
| source | PAIS Index; SAGE Complete A-Z List; Alma/SFX Local Collection |
| subjects | Advantages Colorado Deductions Effects Income tax, State Income taxes Index clauses Indexation Marginal Poor State taxes Tax deductions Tax exemptions Tax rates Taxation |
| title | Who Benefits from Indexation? |
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