?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=https%3A%2F%2Fmpra.ub.uni-muenchen.de%2F29672%2F&rft.title=America%E2%80%99s+Underground+Economy%3A+Measuring+the+Size%2C+Growth+and+Determinants+of+Income+Tax+Evasion+in+the+U.S&rft.creator=Feige%2C+Edgar+L.&rft.creator=Cebula%2C+Richard&rft.subject=O17+-+Formal+and+Informal+Sectors+%3B+Shadow+Economy+%3B+Institutional+Arrangements&rft.subject=E52+-+Monetary+Policy&rft.subject=E26+-+Informal+Economy+%3B+Underground+Economy&rft.subject=H26+-+Tax+Evasion+and+Avoidance&rft.subject=E41+-+Demand+for+Money&rft.description=Abstract%0A%0AThis+study+empirically+investigates+the+extent+of+non+compliance+with+the+tax+code+and+the+determinants+of+federal+income+tax+evasion+in+the+U.S.++Employing+the+most+recent+data+we+find+that+18-19%25+of+total+reportable+income+is+not+properly+reported+to+the+IRS%2C+giving+rise+to+a+%E2%80%9Ctax+gap%E2%80%9D+approaching+%24500+billion+dollars.+Three+time+periods+are+studied%2C+1960-2008%2C+1970-2008%2C+and+1980-2008.+It+is+found+across+study+periods+that+income+tax+evasion+is+an+increasing+function+of+the+average+effective+federal+income+tax+rate%2C+the+unemployment+rate%2C+public+dissatisfaction+with+government%2C+and+per+capita+real+GDP+(adopted+as+a+measure+of+income)%2C+and+a+decreasing+function+of+the+Tax+Reform+Act+of+1986+(during+its+first+two+years+of+being+implemented).+Modest+evidence+of+a+negative+impact+of+IRS+audit+rates+on+tax+evasion+is+also+detected.&rft.date=2011-01&rft.type=MPRA+Paper&rft.type=NonPeerReviewed&rft.format=application%2Fpdf&rft.language=en&rft.identifier=https%3A%2F%2Fmpra.ub.uni-muenchen.de%2F29672%2F1%2FMPRA_paper_29672.pdf&rft.identifier=++Feige%2C+Edgar+L.+and+Cebula%2C+Richard++(2011)%3A+America%E2%80%99s+Underground+Economy%3A+Measuring+the+Size%2C+Growth+and+Determinants+of+Income+Tax+Evasion+in+the+U.S.++++&rft.language=en