Brief

The Affordable Care Act (ACA) made several changes to the tax code intended to increase health insurance coverage, reduce health care costs, and finance health care reform. On net, these taxes and credits are projected to reduce the deficit by $46 billion in 2020, the first year all ACA tax...

February 9, 2017
Gordon B. Mermin
Brief

This year, Congress will consider what may be the biggest tax bill in decades. This is one of a series of briefs the Tax Policy Center has prepared to help people follow the debate. Each focuses on a key tax policy issue that Congress and the Trump administration may address.

February 6, 2017
Robert McClelland
Brief

Many households reduce their income through the standard deduction and personal exemptions. Both President Donald Trump and House Republicans have proposed increasing the standard deduction and eliminating personal exemptions. These changes would simplify tax filing but may benefit some...

February 5, 2017
Richard C. Auxier
Brief

The vast majority of US businesses are pass-through entities such as sole proprietorships, partnerships, and S corporations. Unlike C corporations, these firms are not subject to the corporate income tax. Instead, the owners include their share of profits as taxable income under the individual...

January 29, 2017
Frank Sammartino
Brief

To reduce the taxable income on a federal income tax return, a taxpayer can either take a standard deduction or itemize deductions. This brief explores the most costly itemized deductions, who chooses to itemize, and how tax reform might impact specific deductions.

January 26, 2017
Chenxi Lu
Brief

The election of Donald Trump as president and Republican majorities in Congress have Washington primed for major legislative reforms. But it’s important to keep in mind that what the new government in the nation’s capital does will reverberate in all 50 statehouses. Knowing changes are coming,...

January 25, 2017
Kim S. Rueben, Richard C. Auxier
Brief

This brief describes the IRS, it’s activities, challenges it faces, and a discussion of potential reforms to improve it.

January 25, 2017
Eric Toder
Brief

This brief walks through the current federal income tax rate structure, its history, and some proposed changes.

January 18, 2017
Richard C. Auxier
Brief

Encouraging and strengthening marriage continues to move up the U.S. social policy agenda. This analysis uses nationally representative data on cohabiting couples with children from the 2002 round of the National Survey of America's Families (NSAF) to assess marriage penalties or bonuses facing...

April 25, 2005
Elaine Maag,
Brief

This essay is the tenth in a twelve-essay colloquium on the effect of low interest rates on the economy. To read other essays in the series, click here. The original version of this paper was...

December 11, 2016
Alan J. Auerbach, William G. Gale, Aaron Krupkin