No image available for this title

Text

The Growth and welfare effects of deficit-financed dividend tax cuts

I develop a tractable growth model that allows me to study analytically transition dynamics and welfare in response to a deficit-financed cut of the tax rate on distributed dividends. I then carry out a quantitative assessment of the Job Growth and Taxpayer Relief Reconciliation Act (JGTRRA) of 2003. I find that the Act produces lower steady-state growth despite the fact that the economy's saving and employment ratios rise. Most importantly, it produces a welfare loss of 19.34% of annual consumption per capita -- a substantial effect driven by the fact that the steady-state growth rate falls from 2% to 1.08%. [PUBLICATION ABSTRACT].Printed journal

Ketersediaan

Call NumberLocationAvailable
JMCB4304PSB lt.dasar - Pascasarjana1
Penerbit The Ohio State University.,
Edisi -
Subjek Dividends
Growth models
studies
Federal legislation
Tax cuts
ISBN/ISSN 222879
Klasifikasi -
Deskripsi Fisik -
Info Detail Spesifik -
Other Version/Related Tidak tersedia versi lain
Lampiran Berkas Tidak Ada Data