Tax Policy Center


: TaxVox
No Virginia. The One Percent don’t dodge federal taxes . In 2013, they paid 35.7 percent of their income in federal taxes. Low-income households don’t dodge, either. While many paid no income tax, nearly all paid payroll tax. You can start your Tax Day exploring these and other common myths as TPC’
April 15, 2015Renu Zaretsky
: TaxVox
Maybe the duck will walk again? Lawmakers are putting down their markers on anti-inversion legislation. Top Senate Democrats Dick Durbin and Chuck Schumer have introduced a bill to curb “earnings-stripping” by multinational corporations—a practice where firms maximize U.S. tax deductions for
September 11, 2014Renu Zaretsky
Individual Taxes: TaxVox
While Congress has been obsessing about tax inversions, it turns out another—potentially more important--tax avoidance technique is getting increased attention from the business community: Spinning off tangible assets into Real Estate Investment Trusts (REITs). If these deals become widespread,
July 31, 2014Howard Gleckman