Tax Policy Center

income tax

Individual Taxes: TaxVox

The Tax Gap’s Many Shades Of Gray

The “tax gap”—the difference between taxes owed to the government and taxes actually collected—often is equated with evasion . But the tax gap is more...
February 22, 2022Janet HoltzblattSteven M. Rosenthal
Individual Taxes: TaxVox

South Dakota Turned Itself Into A Tax Haven. But Why?

In recent decades, South Dakota has become one of the world’s great tax havens. By the end of last year, more than $367 billion in...
October 14, 2021Howard Gleckman
Individual Taxes: TaxVox

Effective Income Tax Rates Have Fallen for The Top One Percent Since World War II

While average effective tax rates barely changed in the US from 1945 to 2015, the average tax rates of high-income households fell sharply—from about 50...
September 15, 2021Robert McClellandNikhita Airi
Individual Taxes: TaxVox

Pro Publica’s Billionaires: Stories Behind the Story

Pro Publica’s recent story about the small amount of tax paid by many of the nation’s billionaires has focused new attention on what critics say...
June 15, 2021C. Eugene Steuerle
Individual Taxes: TaxVox

SALT Cap Repeal Would Overwhelmingly Benefit High Income Households

Households making $1 million or more a year would receive half the benefit of repealing the $10,000 federal cap on the state and local tax...
April 23, 2021Howard Gleckman
Federal Budget and Economy: TaxVox

How Will We Pay For All The Coronavirus Relief?

Perhaps it is a good time to start thinking about how the federal government is going to repay this new debt.
April 23, 2020Howard Gleckman
Individual Taxes: TaxVox

Taxing The Scholarships Of College Athletes Is A Personal Foul

Late last month, the NCAA said college athletes could get paid for the commercial use of their likenesses or names, though it appeared to limit...
November 13, 2019Howard Gleckman
Individual Taxes: TaxVox

A Tale of Two Cities: An Income Tax in Benton Harbor?

This month and next, the Tax Hound looks at Benton Harbor and Detroit, Michigan. How are two troubled cities using tax policy to sustain or revitalize themselves?
October 4, 2017Renu Zaretsky
Individual Taxes: TaxVox

Them’s the Breaks: Taxing Retirement Income

When we moved to Michigan from Florida in 2014, we braced ourselves for a dramatic change in weather (hello, snow!) and our state tax bill (good-bye, income-tax-free Florida!). We also learned from a newly-retired Michigander that when the time comes, we’d have to pay the state’s 4.25 percent income tax on pension income.
March 1, 2017Renu Zaretsky
Individual Taxes: TaxVox

A revised TPC calculator shows the tax costs—or benefits—of marriage

As St. Valentine’s Day rolls around this year, the Tax Policy Center has once again done its part for romance by rolling out a completely...
February 13, 2017Roberton C. Williams