Revenue Implications of New York City's Tax System

7 Pages Posted: 4 Oct 2004

See all articles by Jesse Edgerton

Jesse Edgerton

JP Morgan

Andrew Haughwout

Federal Reserve Bank of New York

Rae D. Rosen

Federal Reserve Bank of New York

Abstract

A study of New York City's tax system finds that over the past three decades, the system has become less reliant on property and general sales taxes and more dependent on corporate and personal income taxes. This shift has made the city's tax revenues less stable than the revenues of the 1970s and more sensitive to cyclical swings.

Keywords: tax policy, new york city, property tax, income tax

JEL Classification: H2, H7, R5

Suggested Citation

Edgerton, Jesse and Haughwout, Andrew F. and Rosen, Rae D., Revenue Implications of New York City's Tax System. Available at SSRN: https://ssrn.com/abstract=599921

Jesse Edgerton

JP Morgan ( email )

270 Park Avenue
New York, NY 10027
United States

Andrew F. Haughwout (Contact Author)

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States
212-720-2685 (Phone)
212-720-1844 (Fax)

Rae D. Rosen

Federal Reserve Bank of New York ( email )

33 Liberty Street
New York, NY 10045
United States

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