Tax Policy Center

retirement plans

Individual Taxes: TaxVox
Top aides to President Donald Trump argue that tax relief for the accumulated foreign earnings of US-based multinational corporations would be a boon for US...
September 25, 2017Steven M. Rosenthal
Individual Taxes: TaxVox
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
: TaxVox
TPC shows how President Obama would redistribute income from the rich to the poor. The President will release his budget next week, and with it, a tax plan analyzed by the Tax Policy Center . TPC’s Howard Gleckman explains that under the plan, after- tax income would increase by about $175 in 2016
January 29, 2015Renu Zaretsky
Federal Budget and Economy: TaxVox
In his upcoming budget, President Obama will propose to strip away the “loopholes” that permit wealthy individuals to accumulate large amounts in tax-favored retirement plans. He would prohibit a taxpayer from contributing any more to IRAs or other qualified retirement plans once his or her
January 28, 2015Steven M. Rosenthal
Individual Taxes: TaxVox
Tax-deferred 401(k) plans may be a better deal for low-income workers than economists thought, according to new research by my Tax Policy Center colleague Eric...
January 10, 2012Howard Gleckman