Tax and fiscal policy will loom large in the next president’s domestic policy agenda. Nearly all of the tax cuts enacted since 2001 expire at the end of 2010 and the individual alternative minimum tax (AMT) threatens to ensnare tens of millions of Americans. While a permanent fix palatable to both political parties has proven elusive, both candidates have proposed major tax changes. This report describes how we performed our modeling and analysis, outlines the major tax proposals, and discusses the implications of their policies for the revenue raised, taxpayer economic activity, and the distribution of the tax burden.
A side-by-side comparison of the presidential candidates’ economic proposals.
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A taxpayer's effective marginal tax rate (EMTR) is the percentage of an additional dollar of income that would be paid in federal income tax. An individual's EMTR could affect the decision to work or save more, or avoid income tax.
Estimates of the individual and corporate income tax changes that different groups of representative families would face under each candidate’s tax plan.
Brief evaluations of the candidates' proposals to reform the nation's health care system.
A compendium of information on a broad array of tax and budget topics in Q&A format.
The Tax Policy Center blog discusses election issues.