Revenue Effects of Major Tax Bills

OTA Papers

REVENUE EFFECTS OF MAJOR TAX BILLS by Jerry Tempalski U.S. Department of the Treasury OTA Working Paper 81 Revised September 2006

The OTA Papers series is an occasional series of reports on the research, models, and datasets developed to inform and improve Treasury=s tax policy analysis. The papers are works in progress and subject to revision. Views and opinions expressed are those of the authors and do not necessarily represent official Treasury positions or policy. OTA Papers are distributed in order to document OTA analytic methods and data and invite discussion and suggestions for revision and improvement. Comments are welcome and should be directed to the authors.

Office of Tax Analysis U.S. Treasury Department Washington, D.C. 20220

Department of the Treasury

I am grateful to Robert Carroll, Lowell Dworin, Laura Kalambokidis, David Richardson, and Karl Scholz for their comments and to Kevin Morris and Anona Samuel for their research assistance. The views expressed in this paper are those of the author and do not necessarily represent the views of the U.S. Treasury Department.

Assistant Secretary for Tax Policy Office of Tax Analysis

REVENUE EFFECTS OF MAJOR TAX BILLS by Jerry Tempalski U.S. Department of the Treasury OTA Working Paper 81 Revised September 2006

The OTA Papers series is an occasional series of reports on the research, models, and datasets developed to inform and improve Treasury=s tax policy analysis. The papers are works in progress and subject to revision. Views and opinions expressed are those of the authors and do not necessarily represent official Treasury positions or policy. OTA Papers are distributed in order to document OTA analytic methods and data and invite discussion and suggestions for revision and improvement. Comments are welcome and should be directed to the authors.

Office of Tax Analysis U.S. Treasury Department Washington, D.C. 20220

I am grateful to Robert Carroll, Lowell Dworin,...