Although it is generally blind with respect to race, the tax code can create racial disparities when factors that affect tax liability are correlated with race. In this working paper, we provide new evidence on racial differences in marriage penalties and bonuses in the income tax, using data...
This working paper describes the method the Tax Policy Center (TPC) has used to enhance its tax microsimulation model to enable analysis of the distributional effects of tax policies by race and ethnicity. It also presents preliminary results using the enhanced model. Like microsimulation models...
Benefits from the earned income tax credit (EITC) and child tax credit (CTC) play an important role in the financial lives of low- and moderate-income families. Determining how much credit a family qualifies for can be complicated, depending primarily on the number of eligible children, income,...
Medicare faces serious short-term and long-term financial pressures. This report examines the revenue and distributional effects of options to increase revenues for Medicare and discusses their relative pros and cons. We use the Tax Policy Center microsimulation model to estimate the effect of...
The literature on data privacy often ignores the value of penalties in strengthening data protection while allowing data to safely be shared for research purposes. This note explains why significant penalties and effective enforcement for unauthorized disclosures of confidential data should be...
The COVID-19 pandemic exposed vast social and economic inequities in the US, which prompted unprecedented relief policies that, for one year, brought child poverty to its lowest levels in decades. However, as the economy enters a new phase of robust job growth, high inflation, and ongoing...
Racial Disparities in the Income Tax Treatment of Marriage
Although it is generally blind with respect to race, the tax code can create racial disparities when factors that affect tax liability are correlated with race. In this working paper, we provide new evidence on racial differences in marriage penalties and bonuses in the income tax, using data...
A New Approach for Estimating the Impact of Tax Policies by Race and Ethnicity
This working paper describes the method the Tax Policy Center (TPC) has used to enhance its tax microsimulation model to enable analysis of the distributional effects of tax policies by race and ethnicity. It also presents preliminary results using the enhanced model. Like microsimulation models...
Understanding Yearly Changes in Family Structure and Income and Their Impact on Tax Credits
Benefits from the earned income tax credit (EITC) and child tax credit (CTC) play an important role in the financial lives of low- and moderate-income families. Determining how much credit a family qualifies for can be complicated, depending primarily on the number of eligible children, income,...
Options for Increasing Medicare Revenues
Medicare faces serious short-term and long-term financial pressures. This report examines the revenue and distributional effects of options to increase revenues for Medicare and discusses their relative pros and cons. We use the Tax Policy Center microsimulation model to estimate the effect of...
Do Millionaires Adjust the Realizations of Their Long-term Capital Gains When Taxes Change?
Helping New Mothers Understand the Benefits of Filing Taxes
Trusted Messengers' Role in Helping New Mothers File Taxes
Comparing Plans to Reduce Child Poverty: the Family Security Act 2.0 Framework and the Expanded Child Tax Credit
Penalties for Unauthorized Disclosure and Data Privacy
The literature on data privacy often ignores the value of penalties in strengthening data protection while allowing data to safely be shared for research purposes. This note explains why significant penalties and effective enforcement for unauthorized disclosures of confidential data should be...
Perspectives on the Impact of the Expanded Child Tax Credit and the Development of a New Research Agenda on Child and Family Economic Well-Being
The COVID-19 pandemic exposed vast social and economic inequities in the US, which prompted unprecedented relief policies that, for one year, brought child poverty to its lowest levels in decades. However, as the economy enters a new phase of robust job growth, high inflation, and ongoing...