Tax Policy Center

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Expert

William G. Gale

Codirector

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Research report

Americans are taught from an early age to aspire to homeownership, and several long-standing federal institutions and regulations support owner-occupied residential housing. The income tax deduction for mortgage interest payments is possibly the best-known federal housing policy. Evidence...

June 27, 2007
William G. Gale, Jonathan Gruber, Seth Stephens-Davidowitz
Brief

The individual alternative minimum tax (AMT) was originally designed to limit the amount of tax sheltering and to assure that high-income filers paid at least some tax. The current AMT, however, has strayed from those original goals and under current law the tax will affect over 23 million...

January 19, 2007
Leonard E. Burman, Greg Leiserson, William G. Gale
Research report

Despite substantial attention given to fiscal policy concerns in recent years, the federal government's fiscal status has continued to deteriorate, with the enactment of tax cuts, a massive new Medicare entitlement, increased spending on defense and homeland security, and related economic...

April 17, 2006
Alan J. Auerbach, William G. Gale, Peter Orszag
Research report

This report describes the Roth 401(k) and discusses its potential effects. We find that the Roth 401(k) option will add complexity for employees and employers with little collateral social gain. The Roth 401(k) is unlikely to induce significant new private saving; almost all of the benefits are...

January 9, 2006
William G. Gale, J. Mark Iwry, Gordon McDonald
Research report

This report summarizes the two options for reforming the tax system proposed by the President's Advisory Panel on Federal Tax Reform, offers a preliminary evaluation of the proposals, and discusses the overall effect on revenue, distribution, and growth.

December 5, 2005
Leonard E. Burman, William G. Gale
Research report

The United States collects much less revenue in consumption taxes than do other OECD countries.

September 12, 2005
William G. Gale, Seth Stephens-Davidowitz
Brief

The federal tax system provides little incentive for participation in tax-preferred saving plans to households that most need to save more for retirement and whose contributions would most likely represent an actual increase in savings. By contrast, the tax code provides its strongest incentives...

July 7, 2005
William G. Gale, J. Mark Iwry, Peter Orszag
Research report

H.R. 25 would replace federal taxes with a 23 percent tax-inclusive (30
percent tax-exclusive) sales tax on private consumption, household
interest payments, and government spending, and give households payments to offset taxes on consumption up to the poverty line. This paper shows...

May 16, 2005
William G. Gale
Research report

Retargeting the estate tax to very wealthy households and lowering its rates would blunt much of the criticism against it while retaining many of its advantages. This brief explains how the estate tax works and examines who is affected by it under current law. It discusses how reform would...

April 18, 2005
William G. Gale, Leonard E. Burman

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