tax pi
DESCRIPTION
Tax PI. Shortfalls in the U.S. Economic-Fiscal Dilemma. States are in a dual crisis Economic Fiscal Fiscal crisis solution options Raise taxes Cut government spending Economic crisis problems Fiscal solution options harm economy. Tax PI Features. Dynamic Responses Behavioral Responses - PowerPoint PPT PresentationTRANSCRIPT
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Tax PI
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Shortfalls in the U.S.
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Economic-Fiscal Dilemma
• States are in a dual crisis– Economic– Fiscal
• Fiscal crisis solution options– Raise taxes– Cut government spending
• Economic crisis problems– Fiscal solution options harm economy
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Tax PI Features
• Dynamic Responses– Behavioral Responses– Year-by-year effects
• Detailed Sectors• Variables specific to tax changes
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Model Overview
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Model Integration
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Elasticities for US in 2008State State elasticity
AL 1.2443AK 0AZ 1.4991AR 1.5058CA 1.6521CO 1.3698CT 1.2775DE 1.5025DC 1.4839FL 0GA 1.4051HI 1.4529ID 1.6702IL 1.1532IN 1.1013IA 1.4035KS 1.5819
KY 1.3761LA 1.4309ME 1.6232MD 1.4135MA 1.1656MI 1.3765MN 1.6445MS 1.6154MO 1.5346
State State ElasticityMO 1.5346MT 1.6178NE 1.6947NV 0NH 1.178NJ 1.4531NM 1.6722NY 1.501NC 1.4082ND 1.6205OH 1.3688OK 1.5738OR 1.3922PA 1.0624RI 1.5554SC 1.6465SD 0TN 1.0982TX 0UT 1.4699VT 1.8783VA 1.3433WA 0WV 1.4944WI 1.6513WY 0US 1.4491
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Tax PI Model Linkages
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Distinguishing Model Features
• Incorporates transparent and robust economic linkages built on proven methods and theory
• Each model is custom built to match regional client specificity
• Measures economic impacts and responsive demographic and economic changes over time
• Model incorporates four unique quantitative methodologies
Integrated
Dynamic
Structural
Customized
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Importing Tax Data
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Tax Inputs and Variables
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Policy Variables
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Representative Clients
Our Taxation-Focused Client Base Includes:• Ernst & Young• Iowa Department of Revenue & Finance• Iowa Legislative Fiscal Bureau• Massachusetts Department of Revenue• Rhode Island Department of Revenue• Texas Comptroller of Public Accounts• Texas Legislative Budget Board• Utah Governor’s Office of Planning & Budget
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Contact Us
Headquarters:
433 West Street, Suite 4Amherst, MA 01002
TEL: 413.549.1169FAX: 413.549.1038
District Office:
700 12th St. NW, Suite 700Washington, DC 20005
TEL: 202.904.2490
www.remi.com [email protected]