Research report

Recent economic research has improved our understanding of who bears the burden of the corporate income tax. One key finding is that returns to corporate capital are substantially "supernormal," returns in excess of the "normal" riskless return to waiting. The other key result is that...

September 13, 2012
James R. Nunns
Research report

Gas prices have increased substantially since the beginning of this year, continuing their upward trend since 1990. American drivers are pushing the federal and state governments to implement policies to lower gas prices. But gasoline taxes have not contributed to the increase in gas prices....

April 24, 2012
Kim S. Rueben
Research report

Realized income is a widely accepted measure of well-being. This paper examines the relationship between realized income and wealth and economic income, using a national sample of income tax returns matched with estate tax returns to compare the realized property income of individuals with the...

December 8, 2011
C. Eugene Steuerle
Research report

This article was published as part of the Tax Note series "The Legacy of the TRA '86." As current budget pressure forces us to consider tax reform as a means of raising revenue, past reforms provide us some valuable lessons. Reforms typically begin with a consensus that something is broken and...

October 20, 2011
C. Eugene Steuerle
Research report

How big is your retirement package? Benefits from government retirement programs—Social Security and Medicare—vary over time, but the trend has been toward higher lifetime benefits for each successive cohort. Expansion derives mainly from increases in real annual benefits, more years of benefits...

September 16, 2015
C. Eugene Steuerle, Caleb Quakenbush
Research report

The federal income tax is replete with tax expenditures, provisions that grant special benefits to selected taxpayers or for selected activities. Exclusions and deductions reduce taxable income, preferential rates cut the tax on specific types of income, and tax credits are subtracted directly...

May 4, 2011
Roberton C. Williams
Research report

Tax policy has been a major issue in the Presidential election campaign, with both candidates proposing extensive changes. The candidates take very different approaches to tax policy. The main differences are two: first, McCain's plans would reduce revenues by significantly more than Obama's;...

November 3, 2008
William G. Gale, Benjamin H. Harris
Research report

Report on Federal Expenditures on Children through 2010, a fifth annual report, looks comprehensively at trends in federal spending and tax expenditures on children. This appendix details our data sources, the programs we include, and the methodology used to estimate the percentage of...

August 1, 2011
Stephanie Rennane, Julia B. Isaacs, Heather Hahn, Tracy Vericker, C. Eugene Steuerle
Research report

Kids' Share 2012: Report on Federal Expenditures on Children through 2011, a sixth annual report, looks comprehensively at trends over the past 50 years in federal spending and tax expenditures on children. Key findings suggest that the size and composition of expenditures on children...

July 19, 2012
Julia B. Isaacs, Katherine Toran, Heather Hahn, Karina Fortuny, C. Eugene Steuerle
Research report

Opposition to the ACA’s “Cadillac” tax is growing. This excise tax applies to employer health benefits exceeding a threshold. There has been broader support over time for a cap on the tax exclusion of employer contributions to health insurance, including from many who now want to repeal the...

October 21, 2015
Linda J. Blumberg, John Holahan, Gordon B. Mermin