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Corporate Income, event year

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UrbanEconomist
Good morning, In addition to impacts on jobs and output, my client wants us to estimate the 'business income tax' and 'personal income tax' associated with a new office building. I am running the analysis as an Industry Change, since I know how many employees will be employed at the new office building and in which industries they are employed. The project is expected to be completed and fully occupied by 2017. My questions are: 1) Is "Corporate Profits Tax" in the output tables the same as "business income tax"? and if not, where is business tax reported in your output tables? 2) I was looking through the glossary for a definition of personal income tax to see how you calculate it and how you define it, but couldn't find it. Could you help me with this? 3) I ran two scenarios; one where i didn't change the event year (left it as 2014) and one where I changed the event year to 2018 (the year the project is really going to be operational). There is no difference in the results. Is this because I am modeling a change in employment, which is a real figure as opposed to nominal. Thank you in advance for your help. Regards.
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    UrbanEconomist
    Good evening, I just wanted to follow up on my question about corporate income above. Could you please direct me to where I can find information about its definition and how it's calculated. Thanks.
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    IMPLAN Support
    Hi Urban Economist. 1) Corporate profits are corporate income, so a corporate profits tax is or at least should be a corporate income tax. 2) A personal income tax is a tax on labor and capital to individuals. It is calculated as a proportion of labor income (net of social insurance taxes and in-commuters) turned over to local households. 3) It sure sounds like no change in real taxes for a given change in impact over time. That would make sense as long as the tax laws remain unchanged over the time range considered. All the impacts are based on the picture of the economy at the time of the data base creation - therefore all relationships will be constant in $'s corresponding to the year of the data base. Also, we have attached a document that describes the tax report generate by the IMPLAN Model. We hope this help to address your question.
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