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Casey B Mulligan - One of the best experts on this subject based on the ideXlab platform.
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recent marginal labor income Tax Rate changes by skill and marital status
Tax Policy and the Economy, 2013Co-Authors: Casey B MulliganAbstract:This paper calculates monthly time series for the overall safety net's statutory marginal labor income Tax Rate as a function of skill and marital status. Marginal Tax Rates increased significantly for all groups between 2007 and 2009, and dramatically so for unmarried household heads. The relationship between incentive changes and skill varies by marital status. Unemployment insurance and related expansions contribute to the patterns by skill while food stamp expansions contribute to the patterns by marital status. Remarkably, group changes in hours worked per capita line up with the statutory measures of incentive changes.
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recent marginal labor income Tax Rate changes by skill and marital status
Tax Policy and the Economy, 2013Co-Authors: Casey B MulliganAbstract:Executive SummaryThis paper calculates monthly time series for the overall safety net’s statutory marginal labor income Tax Rate as a function of skill and marital status. Marginal Tax Rates increased significantly for all groups between 2007 and 2009, and dramatically so for unmarried household heads. The relationship between incentive changes and skill varies by marital status. Unemployment insurance and related expansions contribute to the patterns by skill while food stamp expansions contribute to the patterns by marital status. Remarkably, group changes in hours worked per capita line up with the statutory measures of incentive changes.
John R Graham - One of the best experts on this subject based on the ideXlab platform.
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proxies for the corpoRate marginal Tax Rate
Journal of Financial Economics, 1996Co-Authors: John R GrahamAbstract:Abstract This paper focuses on how best to measure the corpoRate marginal Tax Rate, which is an important input into financial analysis of the cost of capital, financing policy, corpoRate hedging, and corpoRate reorganizations. The results indicate that the simulated Tax Rate used by Shevlin (1990) and Graham (1996), although difficult to calculate, is the best available proxy for the ‘true’ marginal Tax Rate. If the simulated Rate is unavailable, an easy-to-calculate trichotomous variable or the statutory marginal Tax Rate (which captures the progressivity in the Tax schedule) are reasonable alternatives, better than most commonly used Tax variables.
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debt and the marginal Tax Rate
Journal of Financial Economics, 1996Co-Authors: John R GrahamAbstract:Do Taxes affect corpoRate debt policy? This paper answers this question by testing whether the incremental use of debt is positively related to firm-specific, Tax-code-consistent marginal Tax Rates. Using annual data for almost 10,000 firms for the years 1980-1992, evidence is provided which indicates that high-Tax-Rate firms issue more debt than their low-Tax-Rate counterparts. The estimated marginal Tax Rates exhibit substantial cross-sectional and time-series variation.
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debt and the marginal Tax Rate
Journal of Financial Economics, 1996Co-Authors: John R GrahamAbstract:Abstract Do Taxes affect corpoRate debt policy? This paper tests whether the incremental use of debt is positively related to simulated firm-specific marginal Tax Rates that account for net operating losses, investment Tax credits, and the alternative minimum Tax. The simulated marginal Tax Rates exhibit substantial variation due to the dynamics of the Tax code, Tax regime shifts, business cycle effects, and the progressive nature of the statutory Tax schedule. Using annual data from more than 10,000 firms for the years 1980–1992, I provide evidence which indicates that high-Tax-Rate firms issue more debt than their low-Tax-Rate counterparts.
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proxies for the corpoRate marginal Tax Rate
Journal of Financial Economics, 1996Co-Authors: John R GrahamAbstract:This paper focuses on how best to measure the corpoRate marginal Tax Rate, which is an important input into financial analysis of the cost of capital, financing policy, corpoRate hedging, and corpoRate reorganizations. The results indicate that the simulated Tax Rate used by Shevlin (1990) and Graham (1996), although difficult to calculate, is the best available proxy for the "true" marginal Tax Rate. If the simulated Rate is unavailable, an easy-to-calculate trichotomous variable or the statutory marginal Tax Rate (which captures the progressivity in the Tax Rate schedule) are reasonable alternatives, better than most commonly used Tax variables. The difficult task of forecasting Taxable income is also discussed.
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proxies for the marginal Tax Rate
1995Co-Authors: John R GrahamAbstract:This paper focuses on how to best measure the corpoRate marginal Tax Rate, which is an important input into analysis of the cost of capital, financing policy, corpoRate hedging, corpoRate reorganizations, and the relative pricing between Taxable and Tax-advantaged securities. The results indicate that the simulated Tax Rate used by Shevlin (1990) and Graham (1996) is the best available proxy for the "true" marginal Tax Rate; however, the simulated variable is difficult to calculate. If the simulated Rate is unavailable, a very easy-to-calculate trichotomous variable and the statutory marginal Tax Rate are reasonable alternatives, better than most commonly used Tax variables. The difficult task of forecasting Taxable income is also discussed.
Michel Strawczynski - One of the best experts on this subject based on the ideXlab platform.
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the optimal asymptotic income Tax Rate
Journal of Public Economic Theory, 2012Co-Authors: Momi Dahan, Michel StrawczynskiAbstract:This paper shows that a policy maker needs only two types of information to set the optimal income Tax Rate at the top: a measure of labor supply elasticity and the shape of skills distribution. We find that the asymptotic Tax Rate is not affected by the degree of inequality aversion as long as the marginal utility of consumption converges to zero. By using empirically plausible estimates for the compensated labor supply elasticity and the shape of skills distribution, we find that the optimal marginal Tax Rate at the top should be between 33% and 60%, which is in line with the existing Rates in the real world.
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the optimal asymptotic income Tax Rate
Social Science Research Network, 2007Co-Authors: Momi Dahan, Michel StrawczynskiAbstract:This paper shows that a policy maker needs only two types of information to set the optimal income Tax Rate at the top: the compensated elasticity of labor supply and the shape of income distribution. Unlike recent results in the literature our paper shows that income effects are immaterial for the optimal asymptotic Tax Rate while the degree of non-linearity of the utility of consumption does play a role in determining the asymptotic Rate. By using empirically plausible estimates for the compensated labor supply elasticity and the shape of income distribution, we find that the optimal marginal Tax Rate at the top should be relatively high, which is in line with the existing Rates in the real world.
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the optimal asymptotic income Tax Rate
Research Papers in Economics, 2004Co-Authors: Momi Dahan, Michel StrawczynskiAbstract:Recent works on optimal income Tax found that for unbounded distributions of earnings the optimal Tax Rate at the top is relatively high (around 60 percent). This finding is puzzling in light of the well-known result for bounded distributions of a zero optimal Tax Rate at the top. Our paper shows that the more recent papers have used assumptions that favor a high asymptotic Tax Rate: Pareto instead of Log-normal distribution and linear instead of non-linear utility of consumption. Using these two assumptions along with a logarithmic utility of leisure leads to an optimal Rate of 100%, a result that is avoided in recent literature by assuming a constant compensated elasticity of labor. We find that even when using a Pareto distribution of earnings the optimal asymptotic Tax Rate is about a half compared to recent literature.
Momi Dahan - One of the best experts on this subject based on the ideXlab platform.
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the optimal asymptotic income Tax Rate
Journal of Public Economic Theory, 2012Co-Authors: Momi Dahan, Michel StrawczynskiAbstract:This paper shows that a policy maker needs only two types of information to set the optimal income Tax Rate at the top: a measure of labor supply elasticity and the shape of skills distribution. We find that the asymptotic Tax Rate is not affected by the degree of inequality aversion as long as the marginal utility of consumption converges to zero. By using empirically plausible estimates for the compensated labor supply elasticity and the shape of skills distribution, we find that the optimal marginal Tax Rate at the top should be between 33% and 60%, which is in line with the existing Rates in the real world.
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the optimal asymptotic income Tax Rate
Social Science Research Network, 2007Co-Authors: Momi Dahan, Michel StrawczynskiAbstract:This paper shows that a policy maker needs only two types of information to set the optimal income Tax Rate at the top: the compensated elasticity of labor supply and the shape of income distribution. Unlike recent results in the literature our paper shows that income effects are immaterial for the optimal asymptotic Tax Rate while the degree of non-linearity of the utility of consumption does play a role in determining the asymptotic Rate. By using empirically plausible estimates for the compensated labor supply elasticity and the shape of income distribution, we find that the optimal marginal Tax Rate at the top should be relatively high, which is in line with the existing Rates in the real world.
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the optimal asymptotic income Tax Rate
Research Papers in Economics, 2004Co-Authors: Momi Dahan, Michel StrawczynskiAbstract:Recent works on optimal income Tax found that for unbounded distributions of earnings the optimal Tax Rate at the top is relatively high (around 60 percent). This finding is puzzling in light of the well-known result for bounded distributions of a zero optimal Tax Rate at the top. Our paper shows that the more recent papers have used assumptions that favor a high asymptotic Tax Rate: Pareto instead of Log-normal distribution and linear instead of non-linear utility of consumption. Using these two assumptions along with a logarithmic utility of leisure leads to an optimal Rate of 100%, a result that is avoided in recent literature by assuming a constant compensated elasticity of labor. We find that even when using a Pareto distribution of earnings the optimal asymptotic Tax Rate is about a half compared to recent literature.
Purnama Hari - One of the best experts on this subject based on the ideXlab platform.
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Pengaruh Effective Tax Rate (ETR) Dan Manajemen Laba Terhadap Cost Of Debt Dan Profitability Sebagai Variabel Intervening (Studi Kasus Industri Real Estate And Property Yang Terdaftar Di Bursa Efek Indonesia (BEI) Periode 2014-2018)
Universitas PGRI Yogyakarta, 2020Co-Authors: Purnama HariAbstract:Penelitian ini bertujuan untuk menguji pengaruh Effective Tax Rate, Manajemen laba dan profitabilitas terhadap Cost Of Debt. Untuk menguji pengaruh Effective Tax Rate, dan Manajemen laba terhadap profitabilitas. Untuk menguji pengaruh Effective Tax Rate, dan Manajemen laba terhadap Cost Of Debt yang dimoderasi profitabilitas.Variabel penelitian ini terdiri dari variabel bebas dan terikat. Variabel bebas penelitian ini adalah Effective Tax Rate, dan Manajemen laba, variabel terikatnya adalah Cost Of Debt dan variabel moderasi profitabilitas. Populasi dalam penelitian ini yaitu seluruh perusahaan sub sektor real estate and property yang berjumlah 48 perusahaan yang terdaftar di Bursa Efek Indonesia (BEI). Teknik Pengambilan Sampel purposive sampling, sehingga sampel yang masuk kriteria sebesar 8 perusahaan. Metode pengambilan data menggunakan dokumentasi. Teknik analisis yang digunakan adalah regresi linier berganda dengan taraf signifikansi 5%.Effective Tax Rate, Manajemen laba dan profitabilitas secara parsial berpengaruh positif dan signifikan terhadap Cost Of Debt. Effective Tax Rate, secara parsial berpengaruh positif dan signifikan terhadap profitabilitas. Manajemen laba, secara parsial tidak berpengaruh terhadap profitabilitas. profitabilitas tidak mampu memediasi hubungan pengaruh Effective Tax Rate terhadap Cost Of Debt. Profitabilitas tidak mampu memediasi hubungan pengaruh Manajemen Laba terhadap Cost Of Debt.Kata Kunci : Effective Tax Rate, Manajemen Laba, Profitabilitas Dan Cost Of Debt
