Revenue Estimates and Retirement Policy: The Need to Consider Present-Value Estimates of Changes in Tax Policy
Quantria Strategies, LLC
Mary M. Schmitt
Quantria Strategies, LLC; Optimal Benefit Strategies, LLC
Report for The Actuarial Foundation, American Society of Pension Professionals & Actuaries, Profit Sharing/401k Council of America, U.S. Chamber of Commerce, The ESOP Association, Committee on Investment of Employee Benefit Assets, National Conference on Public Employee Retirement Systems, National
This report explores the problem with cash-flow accounting for estimating the revenue costs of retirement savings proposals and shows how a present-value analysis similar to what is used to evaluate federal credit programs and in the president’s budget for the preparation of tax expenditure estimates might provide a more accurate estimate of the long-term revenue effect of deferral proposals.
Number of Pages in PDF File: 40
Keywords: tax expenditures, retirement, savings, 401(k), pension
JEL Classification: E21, H20, H21, H29, H50, H59Accepted Paper Series
Date posted: August 5, 2011
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