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Marginal Income Tax Rates

by Hafiz A. Akhand , Haoming Liu

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This paper proposes a method of estimating marginal tax rates using nonparametric regression techniques, and the income and tax data obtained from the Individual Tax Model Files. Our method yields estimates of average marginal effective tax rates on personal income which are significantly different from the existing estimates of marginal tax rates...As well we present estimates of income-weighted average marginal state and local income and property tax rates. We find that the state and local income and property tax is a significant component of the overall tax burden in the U.S.

Genre: No Category (fancy, right?)

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