Tax Policy Center

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Expert

William G. Gale

Codirector

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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
Research report

On January 1, 2001, Russia introduced what has frequently been called a "flat tax." In this report, we examine the limited research and information available on the effects of Russias personal income tax reform and reach five principal conclusions: The change in the personal income tax was not a...

March 28, 2005
Clifford G. Gaddy, William G. Gale
Research report

The "automatic 401(k)" is a simple concept with enormous potential. An automatic 401(k) plan would have intelligent defaults at each phase of the 401(k) savings cycle: participation, contribution levels, investment allocations, rollovers, and withdrawal options. Workers would be free to opt out...

March 7, 2005
William G. Gale, J. Mark Iwry, Peter Orszag
Brief

The Saver's Credit, enacted in 2001, provides a government matching contribution, in the form of a nonrefundable tax credit, for voluntary individual contributions to 401(k)-type plans, IRAs, and similar retirement savings arrangements. This paper provides background on the evolution and design...

March 1, 2005
William G. Gale, J. Mark Iwry, Peter Orszag

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