Showing 1 – 2 of 2 results.
Self-published
Data and Code for: Behavioral Responses to Wealth Taxes: Evidence from Switzerland (ICPSR 142381)
Released/updated on: 2022-10-20
Time period: 1995-01-01--2017-01-01
We study how reported wealth responds to changes in wealth tax rates. Exploiting rich intra-national variation in Switzerland, we find that a 1 percentage point drop in the wealth tax rate raises reported wealth by at least 43% after 6 years. Administrative tax records of two cantons with quasi-randomly assigned differential tax reforms suggest that 24% of the effect arise from taxpayer mobility and 21% from a concurrent rise in reported house prices. Savings responses appear unable to explain more than a small fraction of the remainder, suggesting sizable evasion responses in this setting with no third-party reporting of financial wealth.
Self-published
Data and Code for: Who Bears the Burden of Local Taxes? (ICPSR 192021)
Released/updated on: 2025-01-07
Time period: 2004-01-01--2014-12-31
We study the distributional effects of local taxes and find them to be strikingly progressive. We calibrate a structural model of a multi-municipality local labor market with new reduced-form elasticity estimates. Households with children are found to be considerably less mobile than households without children and to have moderately stronger preferences for locally provided public goods. Combined with capitalization of taxes into housing prices and non-homothetic housing demand, this implies that the incidence of local income taxes mainly falls on above-median income childless households. Local income taxes, even if flat-rate, turn out to be more progressive than property taxes.