Tax Policy Center

Experts

Lydia Austin

Special Assistant to the Director

Social Media

Journal Article

Using data from several sources, we show that the vast majority of corporate income is not double-taxed in the United States. We estimate that the taxable share of U.S. corporate equity has declined dramatically in recent years, from over 80 percent in 1965 to about 30 percent at present. We...

September 8, 2017
Leonard E. Burman, Kimberly A. Clausing, Lydia Austin
Journal Article

In this report, Rosenthal and Austin demonstrate that the share of U.S. stocks held by taxable accounts has declined sharply over the last 50 years, and they urge lawmakers to carefully consider this shareholder base erosion when determining how best to tax corporate earnings.

May 16, 2016
Steven M. Rosenthal, Lydia Austin
Journal Article

This Tax Fact explores the distributional impact of taxing carbon dioxide to combat climate change and in recycling the revenues into tax cuts.

November 30, 2015
Donald Marron, Eric Toder, Lydia Austin
Brief

The case for a carbon tax is strong. A well-designed tax could efficiently reduce the emissions that cause climate change and encourage innovation in cleaner technologies. The resulting revenue could finance tax reductions, spending priorities, or deficit reduction—policies that could offset the...

June 24, 2015
Donald Marron, Eric Toder, Lydia Austin
Research report

As income increases, the composition of income changes substantially. For most taxpayers, salaries and wages contribute the most. But higher-earners typically report income from capital gains and businesses.

March 4, 2015
Lydia Austin, Roberton C. Williams
Journal Article

The composition of reported income has changed markedly since 1952. Investment income has continued to grow, along with business income, interrupted only by periodic economic downturns. Meanwhile, salaries and wages have declined as a share of income.

December 22, 2014
Roberton C. Williams, Lydia Austin
Research report

This Tax Fact explores the child tax credits refundability thresholds since its inception. Currently, the CTC is a $1,000-per-child credit that is partially refundable for households earning more than $3,000. This Tax Fact explores the distribution of credits when the refundability threshold...

July 24, 2014
Elaine Maag, Lydia Austin
Research report

This paper describes the major provisions in the Tax Reform Act of 2014, the comprehensive tax reform plan released on February 26, 2014, by Ways and Means Committee Chairman Dave Camp (R-MI). It also presents the Tax Policy Centers analysis of the plans revenue impact beyond the 10-year budget...

July 8, 2014
James R. Nunns, Amanda Eng, Lydia Austin
Research report

This Tax Fact examines sources of federal and state & local tax revenue, from 1929 to the present. The composition of revenues at all levels of government changed dramatically with World War II, but has remained roughly stable since. At the federal level, payroll taxes have grown...

June 16, 2014
Lydia Austin, Roberton C. Williams

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