Average Marginal Tax Rates U.S. Household Interest and Dividend Income 1954-80

Estrella, Arturo; Fuhrer, Jeffrey C.

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Average Marginal Tax Rates U.S. Household Interest and Dividend Income 1954-80

NBER Working Paper No. w1201

12 Pages Posted: 4 Apr 2004 Last revised: 15 Oct 2022

See all articles by Arturo Estrella

Jeffrey C. Fuhrer

Federal Reserve Bank of Boston; Harvard University - Harvard Kennedy School (HKS)

Date Written: September 1983

Abstract

This paper carefully outlines a method for the calculation of average marginal tax rates. The method is applied to Statistics of Income data for dividend and interest income earned by U.S. households from 1954 to 1980. To illustrate the effects these data can have inempirical work, the tax rates are used in comparing the sample moments of before and after-tax real yields on financial assets.

Suggested Citation: Suggested Citation

Estrella, Arturo and Fuhrer, Jeffrey C., Average Marginal Tax Rates U.S. Household Interest and Dividend Income 1954-80 (September 1983). NBER Working Paper No. w1201, Available at SSRN: https://ssrn.com/abstract=305578