Tax Policy Center

tax loopholes

Campaigns, Proposals, and Reforms: TaxVox

How Trump could take advantage of his business tax loophole

Donald Trump’s proposal to slash tax rates on unincorporated businesses would create huge incentives for income tax avoidance and evasion, and his own behavior illustrates...
November 7, 2016Leonard E. Burman
Campaigns, Proposals, and Reforms: TaxVox

Trump’s $916 million of NOLs: The Art of the Dodge?

Today, The New York Times dissected the $916 million of Net Operating Losses (NOLs) that Donald Trump claimed on his 1995 tax return, which The...
November 1, 2016Steven M. Rosenthal
Campaigns, Proposals, and Reforms: TaxVox

Did Donald Trump take advantage of the Gingrich-Edwards payroll tax loophole?

New information surfaced today that suggests that Donald Trump may not only have used aggressive tax planning to reduce his income tax bill to zero,...
October 7, 2016Steven M. Rosenthal
Individual Taxes: TaxVox

My Favorite (Expired) Tax Breaks

And now, for a lighter look at tax extenders, here’s a song that borrows the tune of The Sound of Music’s “My Favorite Things.” If you’re looking for something more serious, check out Len Burman’s TaxVox thoughts on the issue . My Favorite (Expired) Tax Breaks Special deductions of teachers’
December 1, 2014Roberton C. Williams
: TaxVox

Cheap Talk, Scoring, and Promises

Congress is in recess through the mid-term elections. The Daily Deduction will post each Monday until then. Counting devices before they hatch? Should the GOP take the Senate in November , medical device makers may see a renewed push to repeal the 2.3 percent excise tax on their products. The tax
October 13, 2014Renu Zaretsky
Federal Budget and Economy: TaxVox

The Democrats Never-Ending Search for Tax Loophole Closers

Senate Democrats are circulating a list of a dozen tax “loopholes” they’d like to close as part of a budget package. It is unlikely that...
November 13, 2013Howard Gleckman
Federal Budget and Economy: TaxVox

Congress Can’t Avoid Tax Rate Hikes By Closing “Loopholes”

You can tell when Congress and the President have tough choices to make. That’s when they trot out the euphemisms—all aimed at making what they...
November 13, 2012Howard Gleckman