Faithin Omaha eBook Collection

Download or read book Who Bears the Lifetime Tax Burden? written by Don Fullerton and published by Brookings Institution Press. This book was released on 1993 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Who Bears The Lifetime Tax Burden? Fullerton and Rogers estimate lifetime wage profiles, categorize individuals into lifetime income groups, and re-estimate the pattern of earnings over the lifetime for each group. They use a general equalibrium model that encompasses household demands, work effort, and savings, and they calculate the distribution of burdens for each current tax. Because their model includes all major U.S. federal, state, and local taxes, it can be used to simulate the effects of changes in any of those taxes on investment, productivity, resource allocation, and the distribution of burdens -- Publisher.