Download this Paper Open PDF in Browser

Revenue Estimates and Retirement Policy: The Need to Consider Present-Value Estimates of Changes in Tax Policy

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

40 Pages Posted: 5 Aug 2011  

Judy Xanthopoulos

Quantria Strategies, LLC

Mary M. Schmitt

Quantria Strategies, LLC; Optimal Benefit Strategies, LLC

Date Written: March 2008

Abstract

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.

Keywords: tax expenditures, retirement, savings, 401(k), pension

JEL Classification: E21, H20, H21, H29, H50, H59

Suggested Citation

Xanthopoulos, Judy and Schmitt, Mary M., Revenue Estimates and Retirement Policy: The Need to Consider Present-Value Estimates of Changes in Tax Policy (March 2008). 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 . Available at SSRN: https://ssrn.com/abstract=1905721

Judy Xanthopoulos (Contact Author)

Quantria Strategies, LLC ( email )

United States

Mary M. Schmitt

Quantria Strategies, LLC ( email )

United States

Optimal Benefit Strategies, LLC ( email )

Paper statistics

Downloads
47
Abstract Views
768