From: Tax structure and revenue instability: the Great Recession and the states
Variable | (1) | (2) | (3) |
---|---|---|---|
Potential Revenue Exposure | 1.015*** | ||
t-statistic | [2.74] | ||
Change in AGI per return, top 5% | −0.001 | −0.020*** | |
t-statistic | [−0.69] | [−5.10] | |
Change in AGI per return, next 15% | 0.092** | 0.575*** | |
t-statistic | [2.29] | [3.34] | |
Change in AGI per return, bottom 80% | 0.076 | 0.403 | |
t-statistic | [0.54] | [0.43] | |
Tax burden on top 5% | −17077 | 16277 | |
t-statistic | [−1.35] | [1.41] | |
Tax burden on next 15% | 26227 | −9935 | |
t-statistic | [1.30] | [−0.50] | |
Tax burden on next 80% | −23143* | −16339 | |
t-statistic | [−1.90] | [−1.38] | |
Change in AGI * Burden, top 5% | 0.296*** | ||
t-statistic | [5.00] | ||
Change in AGI * Burden, next 15% | −6.116*** | ||
t-statistic | [−3.11] | ||
Change in AGI * Burden, bottom 80% | −3.114 | ||
t-statistic | [−0.34] | ||
Constant | 121 | 1217* | 1181 |
t-statistic | [0.99] | [1.98] | [0.69] |
No. of observations | 48 | 48 | 48 |
Adjusted R-squared | 0.122 | 0.247 | 0.573 |