The Review of Economics and Statistics Vol. 31 No. 2 1949
Some Limits to the Income Elasticity of Income Tax Yields
Abstract
Merton Miller produce some interesting propositions concerning the degree to which cyclical fluctuations may be mitigated through the automatic response of tax revenues to changes in national income.' In the case of the individual income tax, it is possible to go further and derive certain upper bounds to the degree to which the yield of such taxes may be made responsive to income fluctuations, and thus demonstrate even more severe limitations
- DOI
- 10.2307/1927864
- Volume
- 31
- Issue
- 2
- Pages
- 140
- Sources
- openalex crossref