Marginal Tax Rates and Income: New Time Series Evidence
---- Acknowledgements ----
We thank the editor, Robert Barro, and the referees for their suggestions and comments, Daniel Feenberg for assistance with the US Individual Income Tax Public Use Sample, Glenn Follette for providing data, and Andrew Fieldhouse, Bryce Little, Qifan Han and Jianing Zhai for superb research assistance. We also thank Levon Barseghyan, Gregory Besharov, Lorenz Kueng, Kristoffer Nimark, Morten Ravn, Barbara Rossi and participants at various seminars and conferences for useful comments. Financial support from the Cornell Institute for the Social Sciences is acknowledged. The views in this paper are those of the authors and do not necessarily reflect the views of the Federal Reserve Bank of Dallas, the Federal Reserve System, or the National Bureau of Economic Research.