TY  - JOUR
AU  - Estrella,Arturo
AU  - Fuhrer,Jeffrey C.
TI  - Average Marginal Tax Rates U.S. Household Interest and Dividend Income 1954-80
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 1201
PY  - 1983
Y2  - September 1983
UR  - http://www.nber.org/papers/w1201
L1  - http://www.nber.org/papers/w1201.pdf
N1  - Author contact info:
Arturo Estrella
Department of Economics
Rensselaer Polytechnic Institute
Troy, NY  12180
Tel: 518-276-2049
E-Mail: estrea@rpi.edu

Jeffrey Fuhrer
Research Department
Federal Reserve Bank of Boston
600 Atlantic Avenue
Boston, MA  02106
Tel: 617-973-3410
Fax: 617-973-3957
E-Mail: jeff.fuhrer@bos.frb.org
AB  - 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.
ER  -