. "Feldstein, Martin Capping individual tax expenditure benefits" . "feldsteinmartincappingindividualtaxexpenditurebenefits" . . . . "text" . . . . "English"@en . . . "bibliography" . _:b22iddOtlocdOtgovresourcesworks16830447 . _:b22iddOtlocdOtgovresourcesworks16830447 . _:b22iddOtlocdOtgovresourcesworks16830447 "HB1" . _:b22iddOtlocdOtgovresourcesworks16830447 . . "United States, Library of Congress" . _:b22iddOtlocdOtgovresourcesworks16830447 . . "used by assigner" . _:b34iddOtlocdOtgovresourcesworks16830447 . _:b34iddOtlocdOtgovresourcesworks16830447 . _:b34iddOtlocdOtgovresourcesworks16830447 . _:b34iddOtlocdOtgovresourcesworks16830447 . . . "Feldstein, Martin S." . "1001 $aFeldstein, Martin S." . _:b34iddOtlocdOtgovresourcesworks16830447 . . "Contributor" . _:b48iddOtlocdOtgovresourcesworks16830447 . _:b48iddOtlocdOtgovresourcesworks16830447 . _:b48iddOtlocdOtgovresourcesworks16830447 "Capping individual tax expenditure benefits" . _:b52iddOtlocdOtgovresourcesworks16830447 . _:b52iddOtlocdOtgovresourcesworks16830447 . _:b52iddOtlocdOtgovresourcesworks16830447 "\"This paper analyzes a new way of reducing the major individual tax expenditures: capping the total amount that tax expenditures as a whole can reduce each individual's tax burden. More specifically, we examine the effect of limiting the total value of the tax reduction resulting from tax expenditures to two percent of the individual's adjusted gross income. Each individual can benefit from the full range of tax expenditures but can receive tax reduction only up to 2 percent of his AGI.Simulations using the NBER TAXSIM model project that a 2 percent cap would raise $278 billion in 2011. The paper analyzes the revenue increases by AGI class. The 2 percent cap would also cause substantial simplification by inducing more than 35 million taxpayers to shift from itemizing their deductions to using the standard deduction. For any taxpayer for whom the 2 percent cap is binding, a cap would reduce the volume of wasteful spending and the associated deadweight loss. Even for those taxpayers for whom the cap is not binding but who are induced by the cap to shift from itemizing to using the standard deduction, the deadweight loss associated with deductible expenditures would be completely eliminated\"--National Bureau of Economic Research web site." . _:b56iddOtlocdOtgovresourcesworks16830447 . _:b56iddOtlocdOtgovresourcesworks16830447 . _:b56iddOtlocdOtgovresourcesworks16830447 . . . "Feenberg, Daniel" . "10010$aFeenberg, Daniel" . _:b56iddOtlocdOtgovresourcesworks16830447 . . "Contributor" . _:b69iddOtlocdOtgovresourcesworks16830447 . _:b69iddOtlocdOtgovresourcesworks16830447 . _:b69iddOtlocdOtgovresourcesworks16830447 _:b71iddOtlocdOtgovresourcesworks16830447 . _:b71iddOtlocdOtgovresourcesworks16830447 . _:b71iddOtlocdOtgovresourcesworks16830447 . _:b71iddOtlocdOtgovresourcesworks16830447 "MacGuineas, Maya" . _:b69iddOtlocdOtgovresourcesworks16830447 . . "Contributor" . _:b80iddOtlocdOtgovresourcesworks16830447 . _:b80iddOtlocdOtgovresourcesworks16830447 . _:b80iddOtlocdOtgovresourcesworks16830447 . . . "National Bureau of Economic Research" . "1102 $aNational Bureau of Economic Research" . _:b80iddOtlocdOtgovresourcesworks16830447 . . "Contributor" . . _:b94iddOtlocdOtgovresourcesworks16830447 . _:b94iddOtlocdOtgovresourcesworks16830447 . _:b94iddOtlocdOtgovresourcesworks16830447 . _:b94iddOtlocdOtgovresourcesworks16830447 "working paper 16921" . _:b94iddOtlocdOtgovresourcesworks16830447 _:b99iddOtlocdOtgovresourcesworks16830447 . _:b99iddOtlocdOtgovresourcesworks16830447 . _:b99iddOtlocdOtgovresourcesworks16830447 . _:b99iddOtlocdOtgovresourcesworks16830447 . . "transcribed" . _:b99iddOtlocdOtgovresourcesworks16830447 _:b106iddOtlocdOtgovresourcesworks16830447 . _:b106iddOtlocdOtgovresourcesworks16830447 . _:b106iddOtlocdOtgovresourcesworks16830447 "NBER working paper series ;" . _:b110iddOtlocdOtgovresourcesworks16830447 . _:b110iddOtlocdOtgovresourcesworks16830447 . _:b110iddOtlocdOtgovresourcesworks16830447 . _:b110iddOtlocdOtgovresourcesworks16830447 "working paper no. 16921." . _:b110iddOtlocdOtgovresourcesworks16830447 . . "Working paper series (National Bureau of Economic Research : Online)" . _:b119iddOtlocdOtgovresourcesworks16830447 . _:b119iddOtlocdOtgovresourcesworks16830447 . _:b119iddOtlocdOtgovresourcesworks16830447 . _:b119iddOtlocdOtgovresourcesworks16830447 . _:b123iddOtlocdOtgovresourcesworks16830447 . _:b123iddOtlocdOtgovresourcesworks16830447 . _:b123iddOtlocdOtgovresourcesworks16830447 "Working paper series (National Bureau of Economic Research : Online)" . _:b127iddOtlocdOtgovresourcesworks16830447 . _:b127iddOtlocdOtgovresourcesworks16830447 . _:b127iddOtlocdOtgovresourcesworks16830447 "NBER working paper series (Online)" . _:b131iddOtlocdOtgovresourcesworks16830447 . _:b131iddOtlocdOtgovresourcesworks16830447 . _:b131iddOtlocdOtgovresourcesworks16830447 "Working paper (National Bureau of Economic Research : Online)" . _:b135iddOtlocdOtgovresourcesworks16830447 . _:b135iddOtlocdOtgovresourcesworks16830447 . _:b135iddOtlocdOtgovresourcesworks16830447 "NBER working paper (Online)" . _:b139iddOtlocdOtgovresourcesworks16830447 . _:b139iddOtlocdOtgovresourcesworks16830447 . _:b139iddOtlocdOtgovresourcesworks16830447 "NBER working papers (Online)" . _:b143iddOtlocdOtgovresourcesworks16830447 . _:b143iddOtlocdOtgovresourcesworks16830447 . _:b143iddOtlocdOtgovresourcesworks16830447 "Working paper series" . "1300 $aWorking paper series (National Bureau of Economic Research : Online)" . . . _:b151iddOtlocdOtgovresourcesworks16830447 . _:b151iddOtlocdOtgovresourcesworks16830447 . _:b151iddOtlocdOtgovresourcesworks16830447 "Capping individual tax expenditure benefits" . "Cambridge, MA: National Bureau of Economic Research; c2011" . . . _:b159iddOtlocdOtgovresourcesworks16830447 . _:b159iddOtlocdOtgovresourcesworks16830447 . _:b159iddOtlocdOtgovresourcesworks16830447 "[Electronic resource]" . _:b163iddOtlocdOtgovresourcesworks16830447 . _:b163iddOtlocdOtgovresourcesworks16830447 . _:b163iddOtlocdOtgovresourcesworks16830447 _:b165iddOtlocdOtgovresourcesworks16830447 . _:b165iddOtlocdOtgovresourcesworks16830447 . _:b165iddOtlocdOtgovresourcesworks16830447 "DLC marc2bibframe2 v2.5.0" . _:b165iddOtlocdOtgovresourcesworks16830447 "2024-03-30T12:15:37.129953-04:00"^^ . _:b163iddOtlocdOtgovresourcesworks16830447 . . "changed" . _:b163iddOtlocdOtgovresourcesworks16830447 . . 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