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Personal Income Tax Progressivity: Trends and Implications

This paper discusses how the structure of the tax system affects its progressivity. It suggests a measure of progressive capacity of tax systems, based on the Kakwani index, but independent of pre-tax income distributions. Using this and other progressivity measures, the paper (i) documents a declin...

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Bibliographic Details
Main Author: Gerber, Claudia
Other Authors: Klemm, Alexander, Liu, Li, Mylonas, Victor
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2018
Series:IMF Working Papers
Subjects:
Income
Social Security
Public Finance & Taxation
Income Distribution
Taxes
Personal Income
Progressive Taxation
Aggregate Factor Income Distribution
Environmental Taxes And Subsidies
National Accounts
Personal Income, Wealth, And Their Distributions
Welfare & Benefit Systems
Taxation, Subsidies, And Revenue: General
Tax Policy
Personal Finance -taxation
Macroeconomics
Tax Administration And Procedure
Taxation
Taxation And Subsidies: Externalities
Personal Income And Other Nonbusiness Taxes And Subsidies
Redistributive Effects
Income Tax
Fiscal Policies And Behavior Of Economic Agents: Household
Personal Income Tax
Social Security Contributions
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper discusses how the structure of the tax system affects its progressivity. It suggests a measure of progressive capacity of tax systems, based on the Kakwani index, but independent of pre-tax income distributions. Using this and other progressivity measures, the paper (i) documents a decline in progressivity over the last decades and (ii) examines the relationship between progressivity and economic growth. Regressions do not reveal a significant impact of progressivity on growth, suggesting that efficiency costs of progressivity may be small—at least for degrees of progressivity observed in the sample
Physical Description:24 pages
ISBN:9781484383087

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