fiscal cliff

2013 May Be the Year of Perpetual Fiscal Crisis

If 2012 was the year of modest economic recovery and surprising Democratic election success, 2013 may be the year of perpetual fiscal policy crisis. After...

December 27, 2012Howard Gleckman

Individual Taxes: TaxVox

TaxVox’s 2012 Lump of Coal Awards

TaxVox proudly presents its 2012 Lump of Coal awards, Thelma and Louise edition, for the worst fiscal policy ideas of the year. The winners are:...

December 24, 2012Howard Gleckman

Federal Budget and Economy: TaxVox

Should Working Class Families Pay Higher Tax so High Income People Can Pay Less?

Somehow, the fiscal cliff tax debate has taken a truly weird turn. No, not the politics, which long ago became a parody of Washington deal-making...

December 20, 2012Howard Gleckman

Federal Budget and Economy: TaxVox

What Adjusting the Price Index Would Mean for Taxpayers

President Obama and House Speaker John Boehner may be close to agreeing on a plan that, among other things, would revise the way government programs...

December 18, 2012Howard Gleckman

Campaigns, Proposals, and Reforms: TaxVox

Why the Senate’s Tax Bill is No Way Out of the Fiscal Impasse

With fiscal cliff talks seemingly stalled (at least today) , there has been growing talk that House Republicans would call President Obama’s bluff and simply...

December 14, 2012Howard Gleckman

Individual Taxes: TaxVox

Give Now or Pay Later: The Ever-Changing Estate and Gift Tax

For over a decade, the federal estate and gift tax has been in constant flux with its exemption rising, its rates falling, and its near-death...

December 13, 2012Roberton C. Williams

Federal Budget and Economy: TaxVox

Paying 2013 Dividends in 2012 May Save on Taxes but Not for Everyone

Regardless of the outcome of the fiscal cliff negotiations, taxes on dividends will be higher in 2013 than in 2012. As a result, companies can...

December 12, 2012Roberton C. Williams

Individual Taxes: TaxVox

The Coming AMT Debacle

The Tax Policy Center (TPC) has estimated that going over the fiscal cliff will raise taxes on average by about $3,500 per household in tax...

December 10, 2012Eric Toder

Individual Taxes: TaxVox

How to Cut the Charitable Deduction Without Reducing Giving

If income tax deductions are capped or limited—an idea that often comes up in the debate over both the fiscal cliff and long-run tax reform—the...

December 5, 2012Howard Gleckman

Individual Taxes: TaxVox

What to Read While Hanging Out at the Fiscal Cliff

While you are waiting for Congress and President Obama to decide what they are going to do about the fiscal mess, here an idea: Pick...

November 29, 2012Howard Gleckman