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What Drives Tax Policy? Political, Institutional and Economic Determinants of State Tax Policy / Sarah Robinson, Alisa Tazhitdinova.
- Format:
- Book
- Author/Creator:
- Robinson, Sarah.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w31268.
- NBER working paper series no. w31268
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2023.
- Summary:
- We collect detailed data on U.S. state personal income, corporate, sales, cigarette, gasoline, and alcohol taxes over the past 70 years to shed light on the determinants of state tax policies. We provide a comprehensive summary of how tax policy has changed over time, within and across states. We then use permutation analysis, variance decomposition, and machine learning techniques to show that the timing and magnitude of tax changes are not driven by economic needs, state politics, institutional rules, neighbor competition, or demographics. Altogether, these factors explain less than 20% of observed tax variation.
- Notes:
- Print version record
- May 2023.
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