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Tax Rates and Tax Losses. A Preliminary Analysis Using Aggregate Data

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  • James E. Long

    (Auburn University)

Abstract

Theory suggests that increases in income tax rates induce individuals to make choices that reduce their tax liability. This article documents the growth of “business†losses reported on personal tax returns during 1948–1980. Such losses offset $57 billion of taxable income in 1980 and saved taxpayers an estimated $16 billion.

Suggested Citation

  • James E. Long, 1984. "Tax Rates and Tax Losses. A Preliminary Analysis Using Aggregate Data," Public Finance Review, , vol. 12(4), pages 457-472, October.
    • Handle: RePEc:sae:pubfin:v:12:y:1984:i:4:p:457-472
    DOI: 10.1177/109114218401200404
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    References listed on IDEAS

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    1. C. Harry Kahn, 1964. "Appendixes and Index to "Business and Professional Income Under the Personal Income Tax"," NBER Chapters, in: Business and Professional Income Under the Personal Income Tax, pages 129-188, National Bureau of Economic Research, Inc.
    2. C. Harry Kahn, 1964. "Business and Professional Income Under the Personal Income Tax," NBER Books, National Bureau of Economic Research, Inc, number kahn64-1.
    3. Bailey, Martin J, 1974. "Progressivity and Investment Yields under U.S. Income Taxation," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1157-1175, Nov.-Dec..
    4. Rosen, Harvey S & Rosen, Kenneth T, 1980. "Federal Taxes and Homeownership: Evidence from Time Series," Journal of Political Economy, University of Chicago Press, vol. 88(1), pages 59-75, February.
    5. C. Harry Kahn, 1964. "Introductory pages to "Business and Professional Income Under the Personal Income Tax"," NBER Chapters, in: Business and Professional Income Under the Personal Income Tax, pages -15--1, National Bureau of Economic Research, Inc.
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