Brief

The 2001 tax act phases out the estate tax over nine years, before reinstating it in year 10. That untenable plan guarantees that the estate tax will be revisited soon. This policy brief summarizes the economic effects of the estate tax and the proposed changes. The estate tax makes the tax...

December 1, 2001
Leonard E. Burman, William G. Gale
Brief

We find that estate tax repeal would reduce charitable bequests by between 22 and 37 percent, or between $3.6 billion and $6 billion per year. Previous studies are consistent with this finding, and also imply that repeal would reduce giving during life by a similar magnitude in dollar terms. The...

July 10, 2003
Jon M. Bakija, William G. Gale
Brief

[USA Today] Before the political momentum for Social Security reform dissipates into a single-minded dispute over how much to trust Americans' retirement wealth to the stock market, or the president goes on the road again to stump for personal accounts, larger questions need attention....

February 10, 2005
C. Eugene Steuerle
Brief

Nonprofit organizations engage in a range of income-producing activities: Universities charge tuition, hospitals collect fees, and social-service organizations enter into government contracts. To the extent that an activity is "substantially related" to the organization's tax-exempt purpose, the...

March 1, 2001
Evelyn Brody, Joseph J. Cordes
Brief

Each year, millions of American taxpayers claim tax deductions for contributions to their favorite charities. The charitable tax deduction subsidizes private giving by reducing the out-of-pocket cost of making contributions. In April 1999, the Urban Institutes Center on Nonprofits and...

March 1, 2001
Joseph J. Cordes
Brief

When a nonprofit engages in business activities unrelated to its nonprofit purposes, taxability is usually not a question of choice; various laws and regulations require that the organization pay taxes on this income and, typically, on sales and property. For related activities, however, a...

May 1, 2001
C. Eugene Steuerle
Brief

This paper simulates the impact of the 2008 stock market crash on future retirement savings under alternative scenarios. If stocks remain depressed as after the 1974 crash, 20 percent of preboomers born 1941-45 and 22 percent of late boomers born 1961-65 would see their retirement incomes drop...

December 17, 2009
Barbara Butrica, Karen E. Smith, Eric Toder
Brief

In a contribution to the Christian Science Monitor, Donald Marron discusses the recent Supreme Court ruling that state tax breaks are different from spending programs, but the effect of each is the same

April 15, 2011
Donald Marron
Brief

In a contribution to the Christian Science Monitor, Donald Marron rethinks the government's participation in mortgage markets.

March 15, 2011
Donald Marron
Brief

The following is the text of a debate that occurred between Rosenthal and Needham at the May meeting of the American Bar Association Section of Taxation in Washington regarding the proper tax treatment of private equity funds and their partners under current law. The introduction should be...

June 25, 2013