Estimates of average marginal tax rates on factor incomes in Japan |
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Authors: | Hiroshi GunjiKenji Miyazaki |
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Affiliation: | a Faculty of Economics, Daito Bunka University, Japan b Faculty of Economics, Hosei University, Japan |
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Abstract: | In this paper, we estimate average marginal tax rates on factor incomes in Japan from 1963 to 2007. We adapt the method of D.H. Joines [Estimates of effective marginal tax rates on factor incomes. J. Bus. 54 (2), 191-226.] to the Japanese tax and social security system. Average marginal tax rates on labor incomes without social security premiums range from 14% to 21%, whereas the rates on incomes with social security have increased from 21% to 33%. Tax rates on capital incomes have fluctuated between 35% and 58%. We also compare our estimates with average tax rates and the wedges from business cycle accounting. |
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Keywords: | E20 E62 H20 O5 |
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