Taxes and Tax Policy: Impact and Analysis
Chapter Eleven:
Taxes and Tax Policy
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Note: Percentages are average annual growth rates of real GDP per decade.
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Explore the impacts of taxes on the market for products like coffee, analyze the effects of excise taxes on demand curves, and understand tax revenue generation and welfare implications. Dive into U.S. federal tax rates, income tax calculations, and historical data on tax receipts relative to GDP. Discover insights on international tax comparisons.
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Presentation Transcript
Chapter Eleven: Taxes and Tax Policy
Figure 11.1 The Impact of a Tax on the Market for Cups of Figure 11.1 The Impact of a Tax on the Market for Cups of Coffee Coffee
Figure 11.2 The Impact of an Excise Tax with an Inelastic Figure 11.2 The Impact of an Excise Tax with an Inelastic Demand Curve Demand Curve
Figure 11.3 The Impact of an Excise Tax with an Elastic Figure 11.3 The Impact of an Excise Tax with an Elastic Demand Curve Demand Curve
Figure 11.4 Tax Revenue from a Tax on Cups of Coffee Figure 11.4 Tax Revenue from a Tax on Cups of Coffee
Table 11.1 Summary of Excise Tax Impacts for Products Table 11.1 Summary of Excise Tax Impacts for Products with Elastic and Inelastic Demand Curves with Elastic and Inelastic Demand Curves
Figure 11.5 Welfare Analysis of an Excise Tax Figure 11.5 Welfare Analysis of an Excise Tax
Table 11.2 U.S. Federal Marginal Tax Rates, 2018 Table 11.2 U.S. Federal Marginal Tax Rates, 2018
Table 11.3 Susans Federal Income Tax Calculations Table 11.3 Susan s Federal Income Tax Calculations
Figure 11.6 Tax Receipts in the United States, as a Figure 11.6 Tax Receipts in the United States, as a Percentage of GDP, 1950 Percentage of GDP, 1950- -2016 2016 Source: U.S. Bureau of Economic Analysis, online database.
Figure 11.7 International Comparison of Overall Tax Figure 11.7 International Comparison of Overall Tax Receipts, Select Countries, 2015 Receipts, Select Countries, 2015 Source: OECD, Revenue Statistics.
Figure 11.8 The Top Marginal Federal Income Tax Rate Figure 11.8 The Top Marginal Federal Income Tax Rate and Average Economic Growth, 1950 and Average Economic Growth, 1950- -2016 2016 Sources: U.S. Bureau of Economic Analysis; Tax Policy Center, http://www.taxpolicycenter.org/sites/default/files/legacy/taxfacts/content/PDF/toprate_historical.pdf. Note: Percentages are average annual growth rates of real GDP per decade.
Table 11.4 The Distribution of Taxes in the United States, 2016 Table 11.4 The Distribution of Taxes in the United States, 2016 Source: Citizens for Tax Justice, 2016.
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