Tax Policy Center

bracket creep

Individual Taxes: TaxVox

What The IRS Inflation Adjustment Really Means

The Internal Revenue Service announced its inflation adjustment for tax year 2023: It will be a bit more than 7 percent, the largest increase in...
October 21, 2022Robert McClelland
Individual Taxes: TaxVox

Why Individual Tax Revenues Will Grow Even If Congress Doesn’t Raise Taxes

The other day, I wrote about new Congressional Budget Office estimates that individual income tax revenues are likely to grow significantly over the next decade. A new paper by my Tax Policy Center colleagues Jim Nunns and Jeff Rohaly shows the importance of this trend through the rest of the
September 3, 2015Howard Gleckman
Federal Budget and Economy: TaxVox

Changing Government's Inflation Measure Would Raise Taxes as Much as it Would Cut Spending

Changing the way government adjusts spending and taxes for inflation is one of those issues that continues to hang around the edges of the budget...
March 5, 2013Howard Gleckman