U.S. Revenue Surprises: Are Happy Days Here to Stay?
A key question for U.S. policymakers is whether the recent strength in federal revenue is likely to continue. This question is addressed through an econometric analysis of the determinants of tax revenue, using time series that are adjusted for tax policy changes. The results suggest that growth in...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2007
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Schriftenreihe: | IMF Working Papers
Working Paper No. 07/143 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | A key question for U.S. policymakers is whether the recent strength in federal revenue is likely to continue. This question is addressed through an econometric analysis of the determinants of tax revenue, using time series that are adjusted for tax policy changes. The results suggest that growth in corporate profits and capital gains each contributed forty percent of the increase in the revenue-to-GDP ratio from 2004-2006, and rising income inequality explains much of the rest. While part of the revenue rise is the result of structural changes taking place in the U.S. economy, some of the recent buoyancy is likely to prove temporary, reflecting the highly cyclical nature of these variables |
Beschreibung: | 1 Online-Ressource (29 p) |
ISBN: | 1451867077 9781451867077 |
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spelling | Mathai, Koshy Verfasser aut U.S. Revenue Surprises Are Happy Days Here to Stay? Mathai, Koshy Washington, D.C International Monetary Fund 2007 1 Online-Ressource (29 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 07/143 A key question for U.S. policymakers is whether the recent strength in federal revenue is likely to continue. This question is addressed through an econometric analysis of the determinants of tax revenue, using time series that are adjusted for tax policy changes. The results suggest that growth in corporate profits and capital gains each contributed forty percent of the increase in the revenue-to-GDP ratio from 2004-2006, and rising income inequality explains much of the rest. While part of the revenue rise is the result of structural changes taking place in the U.S. economy, some of the recent buoyancy is likely to prove temporary, reflecting the highly cyclical nature of these variables Online-Ausg Mühleisen, Martin Sonstige oth Swiston, Andrew Sonstige oth http://elibrary.imf.org/view/IMF001/08488-9781451867077/08488-9781451867077/08488-9781451867077.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Mathai, Koshy U.S. Revenue Surprises Are Happy Days Here to Stay? |
title | U.S. Revenue Surprises Are Happy Days Here to Stay? |
title_auth | U.S. Revenue Surprises Are Happy Days Here to Stay? |
title_exact_search | U.S. Revenue Surprises Are Happy Days Here to Stay? |
title_exact_search_txtP | U.S. Revenue Surprises Are Happy Days Here to Stay? |
title_full | U.S. Revenue Surprises Are Happy Days Here to Stay? Mathai, Koshy |
title_fullStr | U.S. Revenue Surprises Are Happy Days Here to Stay? Mathai, Koshy |
title_full_unstemmed | U.S. Revenue Surprises Are Happy Days Here to Stay? Mathai, Koshy |
title_short | U.S. Revenue Surprises |
title_sort | u s revenue surprises are happy days here to stay |
title_sub | Are Happy Days Here to Stay? |
url | http://elibrary.imf.org/view/IMF001/08488-9781451867077/08488-9781451867077/08488-9781451867077.xml |
work_keys_str_mv | AT mathaikoshy usrevenuesurprisesarehappydaysheretostay AT muhleisenmartin usrevenuesurprisesarehappydaysheretostay AT swistonandrew usrevenuesurprisesarehappydaysheretostay |