DISTRIBUTIONAL ASPECTS OF TAX REFORM DURING THE PAST FIFTEEN YEARS

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Abstract
Individual tax changes during the past fifteen years have reduced effective rates at all income levels; in fact, this study indicates we have enjoyed a de facto "overindexing" of the federal income tax during the period. Also, each of the past acts distributed a disproportionately large share of relief to those in the low- and lower-middle income groups—developments that served to maintain taxprogressivity. The Revenue Act of 1978, however, greatly changed this pattern. These results are derived from an empirical study in which different tax provisions of the past fifteen years were applied to 1978 tax return information.

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