what does remi say? sm tax pi. what does remi say? sm shortfalls in the u.s
TRANSCRIPT
what does REMI say? sm
Tax PI
what does REMI say? sm
Shortfalls in the U.S.
what does REMI say? sm
Economic-Fiscal Dilemma
• States are in a dual crisis– Economic– Fiscal
• Fiscal crisis solution options– Raise taxes– Cut government spending
• Economic crisis problems– Fiscal solution options harm economy
what does REMI say? sm
Tax PI Features
• Dynamic Responses– Behavioral Responses– Year-by-year effects
• Detailed Sectors• Variables specific to tax changes
what does REMI say? sm
Model Overview
what does REMI say? sm
Model Integration
what does REMI say? sm
Elasticities for US in 2008State State elasticity
AL 1.2443AK 0AZ 1.4991AR 1.5058CA 1.6521CO 1.3698CT 1.2775DE 1.5025DC 1.4839FL 0GA 1.4051HI 1.4529ID 1.6702IL 1.1532IN 1.1013IA 1.4035KS 1.5819
KY 1.3761LA 1.4309ME 1.6232MD 1.4135MA 1.1656MI 1.3765MN 1.6445MS 1.6154MO 1.5346
State State ElasticityMO 1.5346MT 1.6178NE 1.6947NV 0NH 1.178NJ 1.4531NM 1.6722NY 1.501NC 1.4082ND 1.6205OH 1.3688OK 1.5738OR 1.3922PA 1.0624RI 1.5554SC 1.6465SD 0TN 1.0982TX 0UT 1.4699VT 1.8783VA 1.3433WA 0WV 1.4944WI 1.6513WY 0US 1.4491
what does REMI say? sm
Tax PI Model Linkages
what does REMI say? sm
Distinguishing Model Features
what does REMI say? sm
Importing Tax Data
what does REMI say? sm
Tax Inputs and Variables
what does REMI say? sm
Policy Variables
what does REMI say? sm
Representative Clients
Our Taxation-Focused Client Base Includes:• Ernst & Young• Iowa Department of Revenue & Finance• Iowa Legislative Fiscal Bureau• Massachusetts Department of Revenue• Rhode Island Department of Revenue• Texas Comptroller of Public Accounts• Texas Legislative Budget Board• Utah Governor’s Office of Planning & Budget
what does REMI say? sm
Contact Us
Headquarters:
433 West Street, Suite 4Amherst, MA 01002
TEL: 413.549.1169FAX: 413.549.1038
District Office:
700 12th St. NW, Suite 700Washington, DC 20005
TEL: 202.904.2490
www.remi.com [email protected]