Articles liés à Taxpayer Confusion over Predictable Tax Liability Changes:...

Taxpayer Confusion over Predictable Tax Liability Changes: Evidence from the Child Tax Credit - Couverture souple

Federal Reserve Board

 
9781499136760: Taxpayer Confusion over Predictable Tax Liability Changes: Evidence from the Child Tax Credit
Couverture souple
ISBN 10 : 1499136765 ISBN 13 : 9781499136760
Editeur : CreateSpace Independent Publishing Platform, 2014

Synopsis

This paper offers two contributions to the literature on taxpayer perceptions of the taxsystem. Our first contribution is that we develop a model that generates predictions overhow taxpayers update their beliefs about their marginal tax rates when they experiencean unexpected change in their tax liability. Our model is an extension of a standard full information, rational agent model that allows for imperfect knowledge of the income taxschedule. In the model, a household is subject to a linear tax schedule that changes fromyear to year. The household perceives innovations to the tax schedule with noise dueto information gathering and processing costs. When the household is uncertain aboutthe exact tax schedule it faces, it updates its beliefs using signals about the tax schedulegenerated by interactions with the tax system.

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Éditeur
CreateSpace Independent Publishing Platform
Date d'édition
2014
Langue
anglais
ISBN 10 
1499136765
ISBN 13 
9781499136760
Reliure
Broché
Nombre de pages
40
Coordonnées du fabricant
non disponible
Personne responsable
non disponible