00:00:00
my estimates suggest that people reduce
00:00:02
their tax liability by $34 more if
00:00:05
they're facing a loss compared to if
00:00:06
they're facing a gain this suggests that
00:00:09
if you could make all taxpayers think
00:00:11
about their tax bill as if it were a
00:00:13
gain and get kind of the lower amount of
00:00:16
motivation from that that would increase
00:00:19
overall tax collection by about $1.4
00:00:21
billion if alternatively you made
00:00:24
everyone as motivated to avoid tax
00:00:26
liability as people who face losses that
00:00:28
would reduce tax liability by about $3.7
00:00:31
billion this gives a pretty large range
00:00:34
of outcomes that could be achieved by
00:00:36
the government selecting different kind
00:00:38
of points where you switch from owing
00:00:40
money to being owed money
