chapter eleven: taxes and tax policy. economic theory and taxes
TRANSCRIPT
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Chapter Eleven:
Taxes and Tax Policy
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Economic Theory and Taxes
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Figure 11.1: The Impact of a Tax on the Market for Cups of Coffee
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Figure 11.2: The Impact of an Excise Tax with an Inelastic Demand Curve
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Figure 11.3: The Impact of an Excise Tax with an Elastic Demand Curve
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Figure 11.4: Tax Revenues from a Tax on Cups of Coffee
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Table 11.1: Summary of Excise Tax Impacts for Products with Elastic and Inelastic Demand Curves
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Figure 11.5: Welfare Analysis of an Excise Tax
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The Structure of Taxation in the United States
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Table 11.2: U.S. Federal Marginal Tax Rates, 2013
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Table 11.3: Susan’s Federal Income Tax Calculations
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Tax Analysis and Policy Issues
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Source: U.S. Bureau of Economic Analysis, online database.
Figure 11.6: Tax Receipts in the United States, as a Percent of GDP, 1950-2012
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Figure 11.7: International Comparisons of Overall Tax Receipts, 2011
Source: Organisation for Economic Co-operation and Development, online tax statistics database.
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Figure 11.8: The Top Marginal Federal Tax Rate and Average Economic Growth, 1950-2010
(Average Economic Growth Shown by Decade as a Percentage)
Source: Sarah Anderson, “Full Testimony to the Senate Budget Committee on Inequality, Mobility, and Opportunity,” Institute for Policy Studies, February 8, 2012.
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Table 11.4: The Distribution of Taxes in the United States, 2013
Source: Citizens for Tax Justice, “New Tax Laws in Effect in 2013 Have Modest Progressive Impact,” April 2, 2013.