One hundred years of U.S. state taxation
分析了1910年以来美国各州税率和1942年以来税收收入的演变，发现税收政策在20世纪初快速变化后近五十年保持稳定，且税率变化与州经济衰退无显著关联，多种税种常同时同向变动，提醒实证研究者注意识别问题。
We analyze the evolution of U.S. state tax rates since 1910 and state tax revenues from 1942 until 2022. Tax policy shifted rapidly at the beginning of the 20 th century, but in many ways has remained remarkably stable over the past fifty years. Even as tax rates change frequently and vary widely across states, the degree of heterogeneity across states in rates and revenues is very similar over time. We document two key insights for empirical researchers using variation in tax policy for identification. First, tax changes do not appear to be driven by economic conditions, as neither the timing of tax changes nor tax rates themselves exhibit a predictable pattern around state recessions. Second, throughout the time period we study, many tax changes occur simultaneously, particularly for personal, corporate, and sales taxes. Because the coinciding changes are typically moving in the same direction, researchers should use caution when attributing effects to a specific type of tax, and we show that estimates can be sensitive to controlling for additional tax rates. • We analyze the evolution of U.S. state tax rates since 1910 and state tax revenues from 1942 until 2022. • Tax policy shifted rapidly at the beginning of the 20th century, but has remained remarkably stable over the past fifty years, despite frequent tax changes. • The timing of tax changes and the tax rates themselves do not exhibit a predictable pattern around state recessions. • Tax changes frequently occur simultaneously and typically in the same direction. • Empirical researchers should use caution when attributing effects to a specific type of tax.