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Brief

Financial Transactions Taxes

An Overview

Leonard E. Burman, William G. Gale, Sarah Gault, Bryan Kim, James R. Nunns, Steven M. Rosenthal
January 20, 2016
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Abstract

The massive financial market failures that led to the Great Recession have prompted renewed calls for a financial transaction tax (FTT) to discourage excessive risk taking and recoup the costs of the crisis. A well-designed FTT could raise up to about 0.4 percent of GDP ($75 billion in 2017) in the United States and would be quite progressive. We discuss design options and the effects of an FTT on various aspects of financial sector behavior and its ambiguous effects on economic efficiency.

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Individual Taxes Tax rates
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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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