Tax Policy Center

taxable income

Individual Taxes: TaxVox

Biden’s Tax Plan May Make Congress Come to Grips With The Question: What Is Income?

Tax bills almost always force Congress to think about how to define income, but President Biden’s campaign promise to never raise taxes for those making...
May 26, 2021Howard Gleckman
Individual Taxes: TaxVox

Unemployment Benefits Are Taxable Income: That May Reduce EITC Refunds Next Spring

Many low- and moderate-income households no doubt were assisted greatly by enhanced federal unemployment insurance benefits that they received earlier this year and would be...
September 15, 2020Elaine Maag
: TaxVox

About Rep. Ocasio-Cortez’s 70 Percent Tax Rates

It sure didn’t take long. The 116 th Congress hadn’t been in session for a week when we were hit with the very first round...
January 8, 2019Howard Gleckman
: TaxVox

Individuals Pay Very Little Individual Income Tax on Capital Income

Most capital income earned by the wealthy never is taxed at the individual level, in part because assets are often not sold and their gains...
September 6, 2018C. Eugene Steuerle
: TaxVox

“They Said That They Would Do It and Indeed They Did.” 


“ Oh, what a night …” but no shut down. Ted Cruz and a handful of allies succeeded in delaying the Senate vote on the 2015 budget, but they couldn’t stop it. The $1.1 trillion spending bill was approved late Saturday night by a vote of 56-40 . And three months into the fiscal year, most of the
December 15, 2014Renu Zaretsky
Individual Taxes: TaxVox

102% Tax Rate? Really?

Investment manager James Ross last week told New York Times columnist James Stewart that his combined federal, state, and local tax rate was 102 percent...
February 8, 2012Roberton C. Williams