The effect of flat tax rates on taxable income : evidence from the illinois rate increase Thomas Luke Spreen
By: Spreen, Thomas Luke
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Material type: 
ArticlePublisher: 2019Subject(s): RENTA | IMPUESTOS | TIPOS DE GRAVAMEN | PRESION FISCAL | CONTRIBUYENTES | CONDUCTA | ESTADOS UNIDOS
In:
National Tax Journal v. 71, n. 2, June 2018, p. 231-262Summary: The state of Illinois temporarily increased its flat individual income tax rate from 2011 to 2014. This paper evaluates taxpayer responses following the rate increase and subsequent decrease using a synthetic control matching strategy with data from the American Community Survey. The analysis shows Illinois taxable income declined following the tax increase with significant income retiming in anticipation of the sunset of the elevated rate in 2015. The identified responses were driven by tax units in the top decile of the income distribution.
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| OP 233/2018/1-4 A new method for applying VAT to financial services | OP 233/2018/2 National Tax Journal | OP 233/2018/2-1 Raising the stakes | OP 233/2018/2-2 The effect of flat tax rates on taxable income | OP 233/2018/2-3 Perceptions and realities of average tax rates in the federal income tax | OP 233/2018/2-4 Assessing the tax benefits of hybrid arrangements | OP 233/2018/2-5 More than they realize |
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Resumen.
Bibliografía.
The state of Illinois temporarily increased its flat individual income tax rate from 2011 to 2014. This paper evaluates taxpayer responses following the rate increase and subsequent decrease using a synthetic control matching strategy with data from the American Community Survey. The analysis shows Illinois taxable income declined following the tax increase with significant income retiming in anticipation of the sunset of the elevated rate in 2015. The identified responses were driven by tax units in the top decile of the income distribution.
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