Tax Policy Center

Alternative Minimum Tax

: TaxVox
The individual alternative minimum tax (AMT) looks like it may survive yet another tax overhaul. But the latest incarnation of the tax may look very...
December 6, 2017Leonard E. BurmanJoseph Rosenberg
Individual Taxes: TaxVox
Like many of the five million tax filers who must pay the Alternative Minimum Tax (AMT), I am trapped. I wrote a big check to...
May 12, 2017Roberton C. Williams
Individual Taxes: TaxVox
It turns out that Donald Trump and I are members of the same club. Who knew? But this one is somewhat less exclusive than, say,...
March 15, 2017Howard Gleckman
: TaxVox
What might happen to federal highway funding? Clues next week? Both tax-writing committees will hold hearings on long-term funding for the Highway Trust Fund. The House Ways & Means Committee will hold its hearing on Wednesday . The Finance panel will meet on Thursday. The Fund currently relies
June 12, 2015Renu Zaretsky
: TaxVox
The House plans a vote to repeal the estate tax today. Repealing the levy would cut taxes by $270 billion over 10 years for 0.2 percent of the nation’s richest estates. The White House and Democrats are vehemently opposed . The Joint Committee on Taxation estimates that 5,400 estates will face the
April 16, 2015Renu Zaretsky
Individual Taxes: TaxVox
The tax act Congress passed early on New Year’s Day permanently patched the alternative minimum tax (AMT), sparing tens of millions of Americans from the...
August 26, 2013Roberton C. Williams
Individual Taxes: TaxVox
From the start of his 2008 campaign, President Obama has called for raising taxes on the rich. He got much but not all that he...
April 11, 2013Roberton C. Williams
Campaigns, Proposals, and Reforms: TaxVox
House Budget Committee Chair Paul Ryan (R-WI) has proposed a controversial plan to balance the budget in 10 years , entirely by cutting planned spending...
March 12, 2013Howard Gleckman
Individual Taxes: TaxVox
In the alphabet soup of Washington, ATRA fixed the AMT , sort of. In English, the newly enacted American Taxpayer Relief Act of 2012 will...
January 18, 2013Roberton C. Williams
Federal Budget and Economy: TaxVox
In the end, it looks like Congress isn’t even going to kick the fiscal can down the road. Assuming the House passes the deal agreed...
January 1, 2013Howard Gleckman