Tax Policy Center

pass-throughs

State and Local Issues: TaxVox

State Pass-Through Entity Taxes Let Some Residents Avoid the SALT Cap at No Cost to The States

This week, Colorado became the 14 th state to either require or allow some pass-through businesses such as partnerships to pay state income taxes at...
June 24, 2021Kim S. Rueben
Business Taxes: TaxVox

If Congress Wants the IRS To Collect More Tax from The Rich, It Needs to Pass Better Laws

Last week, a group of prominent academic and government economists published a study that estimated the top 1 percent of Americans hide more than 20...
April 5, 2021Steven M. Rosenthal
Campaigns, Proposals, and Reforms: TaxVox

Permanently Extending the Tax Cuts and Jobs Act, President Trump Would Cut Taxes by $1.1 Trillion through 2030

During each presidential election, the Tax Policy Center analyzes the tax policies of the two major candidates. This year, TPC estimated the effects of Democratic...
October 27, 2020Robert McClellandMark J. Mazur
: TaxVox

Heads I Win, Tails I Win Too: Winners From The Tax Relief For Losses In The CARES Act

The Coronavirus Aid, Relief, and Economic Security (CARES) Act grants massive tax relief for business losses, but most of the benefits will be reaped by...
April 20, 2020Steven M. RosenthalAravind Boddupalli
Business Taxes: TaxVox

Is A Modified Destination-Based Income Tax The Solution For Taxing Global Multinational Corporations?

Tax authorities around the world are in an increasingly contentious battle over how to tax the income of multinational corporations . In 2017, the US...
April 15, 2020Eric Toder
Business Taxes: TaxVox

Eliminate The Deduction For Qualified Business Income And Require Most Firms To Be Taxed As Pass-Throughs

The most problematic provision of the Tax Cuts and Jobs Act (TCJA) may be its 20 percent deduction for qualified business income (QBI) of owners...
June 4, 2018Eric Toder
Campaigns, Proposals, and Reforms: TaxVox

The TCJA Has Replaced The 1986 Tax Act, But Is It Tax Reform?

In a recent TaxVox blog, my TPC colleague Eric Toder showed that the 2017 Tax Cuts and Jobs Act (TCJA) effectively upended the key principle...
March 30, 2018Harvey Galper
: TaxVox

1986 RIP: Different Tax Rates for Different Income Sources

The 2017 Tax Cuts and Jobs Act (TCJA) was the most far-reaching tax legislation since the Tax Reform Act of 1986 (TRA86). It also put...
March 16, 2018Eric Toder
: TaxVox

Navigating The TCJA’s Pass-Through Deduction

The Tax Cuts and Jobs Act (TCJA) creates a new tax deduction of up to 20 percent of income from partnerships, sole proprietorships, and other...
February 1, 2018Aaron KrupkinHoward Gleckman
Business Taxes: TaxVox

The Senate’s Tax Bill Would Cut Taxes Three Times More For Business Owners Than Workers

The Senate’s Tax Cuts and Jobs Act (TCJA) could reduce taxes by nearly three times as much for business owners in 2019 as for people...
December 13, 2017Howard Gleckman