Abstract

http://ssrn.com/abstract=2331050
 


 



Brackets: A Historical Perspective


Tracey Michelle Roberts


Seattle University School of Law

September 25, 2013

Northwestern University Law Review, Vol. 108, 2014

Abstract:     
This article surveys the history of the U.S. income tax system from 1913 to the present, examining changes in the structure of the graduated rates system over the past 100 years, using inflation-adjusted dollars. By connecting these changes to key events in the history of the United States, the article contextualizes the changes to the income tax over time and the debate surrounding several of the current proposals for reform. First, the article demonstrates that the rate structure has become more flat (with lower rates and fewer brackets than in the past), compressed (with less graduation, steeper jumps between brackets, and less penetration of the rate schedule into the income strata), and complex (with the proliferation of tax expenditures) over time. Second, the article argues that the structures that would result from several tax reform proposals being discussed in the popular media resemble historical rates and brackets. Because these proposals for tax reform have analogs in earlier versions of the income tax, analysis of economic data from prior periods may help inform tax policy. The article then identifies an agenda for future research. Finally, the article argues that tax scholars examining the impacts of various tax policy proposals should supplement their existing scholarship with methodologies that incorporate historic data to provide a more complete analysis.

Number of Pages in PDF File: 27

Keywords: Income Tax, Tax, History, Flat Tax, Progressivity, Millionaire Surtax, Empirical Research

JEL Classification: H24, N42

Accepted Paper Series


Download This Paper

Date posted: September 27, 2013 ; Last revised: October 14, 2013

Suggested Citation

Roberts, Tracey Michelle, Brackets: A Historical Perspective (September 25, 2013). Northwestern University Law Review, Vol. 108, 2014. Available at SSRN: http://ssrn.com/abstract=2331050

Contact Information

Tracey Michelle Roberts (Contact Author)
Seattle University School of Law ( email )
901 12th Avenue, Sullivan Hall
P.O. Box 222000
Seattle, WA n/a 98122-1090
United States
(303) 818-8589 (Phone)

Feedback to SSRN


Paper statistics
Abstract Views: 458
Downloads: 130
Download Rank: 124,196

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo5 in 0.297 seconds