How Do Firm Characteristics Affect the Corporate Income Tax Revenue?
Menichini, Amilcar A.
MetadataShow full item record
We use a dynamic model of the rm to study the determinants of the maximal tax rate (i.e., the corporate income tax rate that maximizes tax proceeds). Under a standard parameterization of the model, we nd that the curvature of the production function, the market cost of capital, and the operating costs are among the main determinants of that maximal rate. We also nd that the maximal tax rate is around 66% for a representative rm and it varies across U.S. industries in the range 64%-76%. Finally, our results show that the maximal rate behaves procyclically over the business cycle.
Showing items related by title, author, creator and subject.
Carpenter, John Donald (Monterey, California. Naval Postgraduate School, 1968-09);The characterization of maximal ideals has been accomplished for the class of principal ideal rings and for the class of continuous functions on a compact topological space. In the latter case the characterization is ...
McMasters, Alan W. (Monterey, California. Naval Postgraduate School, 1971-12-27); NPS55MG71121AThe use of the dual graph in determining the maximal flow capacity of an undirected source-sink planar network has been extended to general networks. A directed dual graph is first defined for directed source-sink planar ...
McMasters, Alan W. (Monterey, California. Naval Postgraduate School, 1970-10-23); NPS-55MG70101AThe use of the dual graph in determining the value of the maximal flow capacity of an undirected network has been extended to directed networks. A directed dual graph is defined such that the length of the shortest route ...