Are JCT Analyses of Tax Change Proposals Useful to Individual Taxpayers?
Document Type
Article
Department or Administrative Unit
Accounting
Publication Date
12-2009
Abstract
This article examines whether taxpayers may rely on Joint Committee of Taxation (JCT) studies to assess how a proposed tax change will impact their circumstances by evaluating the impact of a proposed tax law change to broaden the individual income tax base and lower individual income tax rates by performing a microeconomic analysis on their explicit tax burdens before and after the proposed change in tax law. Our results indicate that JCT studies do not fully reveal the impact of proposed tax law changes on individual explicit tax burdens. Finally, we provide a simple methodology to determine the distributional impact of tax proposals on individuals using publically available information.
Recommended Citation
Gary, R.F., Terando, W.D. & Bouillon, M.L. (2009). Are JCT analyses of tax change proposals useful to individual taxpayers? eJournal of Tax Research 7(2), 134-157.
Journal
eJournal of Tax Research
Rights
Copyright 2009 © Atax, The University of New South Wales
Comments
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