Series: Occasional Papers. 2423.
Author: Julio Ortega Carrillo and Roberto Ramos.
Topics: Inequality | Household finances | Financial risks | Spanish Survey of Household Finances | Households and individuals.
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Abstract
This paper provides an update for 2019 on the parametric function estimates of Spanish personal income tax carried out by García-Miralles, Guner and Ramos (2019), which pertained to 2015 for individual taxpayers and to 2013 for households. Thus, the new estimates summarise personal income tax prior to the pandemic and, in particular, they include the 2015 tax reform in the case of households. These functions are useful for calibrating general equilibrium macroeconomic models to simulate tax reforms and to compute after-tax income in surveys where information is collected solely in gross terms.