diff --git a/templates/dynamic/elasticity.html b/templates/dynamic/elasticity.html index 61cbf2d4..0520d142 100644 --- a/templates/dynamic/elasticity.html +++ b/templates/dynamic/elasticity.html @@ -149,7 +149,7 @@

Tax-Calculator Code Build

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Macroeconomic Elasticities

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Macroeconomic Elasticity Simulation

This approach harnesses econometric estimates of the historic relationship between tax policy and the macroeconomy to predict the effect of tax reforms on growth.

In particular, this model relies on estimates of how GDP responds to changes in the average after tax rate on wage income across all taxpayers (one minus the average marginal tax rate, or 1 - AMTR). These estimates are derived from calculations of income-weighted marginal tax rates under the baseline and reform using Tax-Calculator with baseline data from TaxData. An example of the implementation is available here.

diff --git a/templates/dynamic/includes/params/inputs/elastic.html b/templates/dynamic/includes/params/inputs/elastic.html index 0540da94..1fa96728 100644 --- a/templates/dynamic/includes/params/inputs/elastic.html +++ b/templates/dynamic/includes/params/inputs/elastic.html @@ -7,7 +7,7 @@ {% block content %}
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Macroeconomic Parameters

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Macroeconomic Parameter

{% block section_warnings %} {% endblock %}