The tax benefit of income smoothing
| Autor: | Steven T. Schwartz, Kristian Rydqvist, Joshua D. Spizman |
|---|---|
| Rok vydání: | 2014 |
| Předmět: |
Finance
Labour economics Economics and Econometrics Pension business.industry Liability Gross income Private pension Tax reform Tax avoidance Investment (macroeconomics) Dividend tax Retirement planning Income tax Progressive tax State income tax Economics business Indirect tax health care economics and organizations Smoothing |
| Zdroj: | Journal of Banking & Finance. 38:78-88 |
| ISSN: | 0378-4266 |
| DOI: | 10.1016/j.jbankfin.2013.09.017 |
| Popis: | A worker can reduce tax liability by contributing to a private pension plan when marginal tax rates are high and withdraw pension benefits when marginal tax rates are low. We quantify the tax benefit of income smoothing through the private retirement system and find that it is negligible. This conclusion is important to households, investment advisers, tax policymakers, and scholars engaged in financial retirement planning. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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