Hidden Bibliographic Details
| Varying Form of Title: | United States revenue surprises
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| Other authors / contributors: | Mühleisen, Martin, author.
Mathai, Koshy, author.
International Monetary Fund. Western Hemisphere Department.
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| ISBN: | 1283517639
9781283517638
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| Notes: | Includes bibliographical references (page 27).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | A key question for U.S. policymakers is whether the recent strength in federal revenue is likely to continue. This question is addressed through an econometric analysis of the determinants of tax revenue, using time series that are adjusted for tax policy changes. The results suggest that growth in corporate profits and capital gains each contributed forty percent of the increase in the revenue-to-GDP ratio from 2004-2006, and rising income inequality explains much of the rest. While part of the revenue rise is the result of structural changes taking place in the U.S. economy, some of the recent buoyancy is likely to prove temporary, reflecting the highly cyclical nature of these variables.
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| Other form: | Print version: Swiston, A. (Andrew James). U.S. revenue surprises. [Washington, D.C.] : International Monetary Fund, Western Hemisphere Dept., 2007
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