Rauh, Joshua
Behavioral responses to State income taxation of high earners evidence from California / Joshua Rauh and Ryan Shyu
Resumen.
Bibliografía.
Using administrative data, we analyze the response to Proposition 30, a 2012 measure that increased California marginal tax rates by up to 3 percentage points for high-income households. Relative to baseline departure rates, an additional 0.8 percent of the residential tax base that landed in the top bracket left California in 2013. Using matched out-of-state taxpayers as controls reveals an income elasticity with respect to the marginal net-of-tax rate of 2.5–3.2 for high earners who stayed. These responses eroded 45.2 percent of state windfall tax revenues within the first year and 60.9 percent within 2 years, driven largely by the intensive margin.
RENTAS ALTAS
IMPUESTOS
POLITICA FISCAL
ELASTICIDAD IMPOSITIVA
CALIFORNIA
ESTADOS UNIDOS
Shyu, Ryan
American Economic Journal : Economic Policy 1945-7731 v. 16, n. 1, February 2024, p. 34-86
Behavioral responses to State income taxation of high earners evidence from California / Joshua Rauh and Ryan Shyu
Resumen.
Bibliografía.
Using administrative data, we analyze the response to Proposition 30, a 2012 measure that increased California marginal tax rates by up to 3 percentage points for high-income households. Relative to baseline departure rates, an additional 0.8 percent of the residential tax base that landed in the top bracket left California in 2013. Using matched out-of-state taxpayers as controls reveals an income elasticity with respect to the marginal net-of-tax rate of 2.5–3.2 for high earners who stayed. These responses eroded 45.2 percent of state windfall tax revenues within the first year and 60.9 percent within 2 years, driven largely by the intensive margin.
RENTAS ALTAS
IMPUESTOS
POLITICA FISCAL
ELASTICIDAD IMPOSITIVA
CALIFORNIA
ESTADOS UNIDOS
Shyu, Ryan
American Economic Journal : Economic Policy 1945-7731 v. 16, n. 1, February 2024, p. 34-86