Internal migration and the effective price of state and local taxes

IF 1 4区经济学 Q3 ECONOMICS

International Tax and Public Finance Pub Date : 2024-02-24 DOI:10.1007/s10797-024-09828-x

Austin J. Drukker

引用次数: 0

Abstract

This paper examines the mobility response of high-income households in the United States to a provision in a 2017 tax law that limited the federal deductibility of state and local taxes. The increase in the effective price of state and local taxes induced by the cap on deductibility caused high-income households to leave high-tax states in favor of low-tax states and to prefer low-tax states to high-tax states conditional on moving. The findings suggest that policymakers should take seriously the prospect that high-income taxpayers may flee states that tax them heavily, which could have long-lasting implications for states’ fiscal positions.

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国内移民与国家和地方税的实际价格

本文研究了美国高收入家庭对 2017 年税法中限制联邦扣除州税和地方税的条款的流动性反应。可抵扣上限导致州税和地方税的实际价格上涨，这使得高收入家庭离开高税率州而选择低税率州，并且在搬迁的条件下更倾向于选择低税率州而不是高税率州。研究结果表明，决策者应认真对待高收入纳税人可能逃离对其征收重税的州这一前景，这可能会对各州的财政状况产生长期影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Tax and Public Finance ECONOMICS-

CiteScore

2.40

自引率

10.00%

发文量

期刊介绍： INTERNATIONAL TAX AND PUBLIC FINANCE publishes outstanding original research, both theoretical and empirical, in all areas of public economics. While the journal has a historical strength in open economy, international, and interjurisdictional issues, we actively encourage high-quality submissions from the breadth of public economics.The special Policy Watch section is designed to facilitate communication between the academic and public policy spheres. This section includes timely, policy-oriented discussions. The goal is to provide a two-way forum in which academic researchers gain insight into current policy priorities and policy-makers can access academic advances in a practical way. INTERNATIONAL TAX AND PUBLIC FINANCE is peer reviewed and published in one volume per year, consisting of six issues, one of which contains papers presented at the annual congress of the International Institute of Public Finance (refereed in the usual way). Officially cited as: Int Tax Public Finance