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Working paper

Financial Transaction Taxes in Theory and Practice

Leonard E. Burman, William G. Gale, Sarah Gault, Bryan Kim, James R. Nunns, Steven M. Rosenthal
June 30, 2015
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Abstract

In response to the financial market crisis and Great Recession, there has been a resurgence of interest in financial transaction taxes (FTTs) around the world. We estimate that a well-designed FTT could raise about $50 billion per year in the United States and would be quite progressive. We discuss the effects of an FTT on various dimensions of financial sector behavior and its ambiguous effects on economic efficiency.

Research Area

Federal Budget and Economy Economic effects of tax policy Individual Taxes Income tax (individual)
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Meet the Experts

  • Leonard E. Burman
    Institute Fellow
  • William G. Gale
    Codirector
  • Sarah Gault
    Research Associate II
  • Bryan Kim
  • James R. Nunns
    Urban Institute Associate
  • Steven M. Rosenthal
    Senior Fellow
Research report

New Evidence on The Effect of The TCJA On the Housing Market

Robert McClelland, Livia Mucciolo, Safia Sayed
March 30, 2022
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