Stimulus Checks: True-Up and Safe-Harbor Costs

IF 1.8 3区经济学 Q2 BUSINESS, FINANCE

National Tax Journal Pub Date : 2023-05-10 DOI:10.1086/724500

David Splinter

引用次数: 2

Abstract

Stimulus checks were sent in response to recent US recessions. These checks grew from about $40 billion in the 2001 recession to $800 billion in the COVID era. Prior studies, however, ignored additional stimulus received upon filing tax returns (true-ups) and safe harbors that prevent possible stimulus repayment. Using population-level tax data, I estimate true-up and safe-harbor costs and decompose them by reasons, such as changes in income or the number of children. True-ups and safe harbors are costly. For the three rounds of COVID-era stimulus, true-ups and safe harbors cost more than $130 billion.

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刺激检查:真实和安全港成本

为了应对美国最近的经济衰退，政府发放了刺激支票。这些支票从2001年经济衰退时的约400亿美元增加到新冠疫情时期的8000亿美元。然而，之前的研究忽略了在报税时收到的额外刺激(真实情况)和防止可能的刺激偿还的安全港。利用人口层面的税收数据，我估计了真实成本和安全港成本，并按收入变化或子女数量等原因对它们进行了分解。真实的和安全的港湾是昂贵的。在新冠肺炎疫情期间，三轮刺激措施中，“调剂”和“避风港”花费超过1300亿美元。

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

National Tax Journal Multiple-

CiteScore

3.40

自引率

11.80%

发文量

期刊介绍： The goal of the National Tax Journal (NTJ) is to encourage and disseminate high quality original research on governmental tax and expenditure policies. Articles published in the regular March, June and September issues of the journal, as well as articles accepted for publication in special issues of the journal, are subject to professional peer review and include economic, theoretical, and empirical analyses of tax and expenditure issues with an emphasis on policy implications. The NTJ has been published quarterly since 1948 under the auspices of the National Tax Association (NTA). Most issues include an NTJ Forum, which consists of invited papers by leading scholars that examine in depth a single current tax or expenditure policy issue. The December issue is devoted to publishing papers presented at the NTA’s annual Spring Symposium; the articles in the December issue generally are not subject to peer review.