Parametric Estimates of the Spanish Personal Income Tax in 2019

26 Pages Posted: 3 Sep 2024

See all articles by Roberto Ramos

Roberto Ramos

Banco de España

Julio Ortega Carrillo

Analistas Financieros Internacional

Date Written: June 20, 2024

Abstract

This paper provides an update for 2019 on the parametric function estimates of the Spanish personal income tax carried out by García-Miralles, Guner and Ramos (2019), which pertained to 2015 for individual taxpayers and to 2013 for households. Thus, the new estimates summarise personal income tax prior to the pandemic and, in particular, they include the 2015 tax reform in the case of households. These functions are useful for calibrating general equilibrium macroeconomic models to simulate tax reforms and to compute after-tax income in surveys where information is collected solely in gross terms.

Keywords: Personal income tax, Tax functions

JEL Classification: E62, H24, H31

Suggested Citation

Ramos, Roberto and Carrillo, Julio Ortega, Parametric Estimates of the Spanish Personal Income Tax in 2019 (June 20, 2024). Banco de Espana Occasional Paper No. 2423, Available at SSRN: https://ssrn.com/abstract=4945358 or http://dx.doi.org/10.2139/ssrn.4945358

Roberto Ramos (Contact Author)

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

Julio Ortega Carrillo

Analistas Financieros Internacional

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