Do accounting earnings provide useful information for state tax revenue forecasts?

Описание к видео Do accounting earnings provide useful information for state tax revenue forecasts?

Anthony Welsch (The University of Chicago) introduces the paper, "Do accounting earnings provide useful information for state tax revenue forecasts?" coauthored by Braden Williams & Lillian Mills (The University of Texas at Austin).

By using a state-specific measure of earnings growth data, forecasts were 1.86 times more accurate. This method also enhances predictions for personal income, sales, and corporate taxes. Additionally, incorporating earnings growth helps prevent forecast errors and unexpected budget cuts, resulting in better resource management for states.

👉 Download the full paper, free to access for the next six weeks: https://bit.ly/taxRev

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