Tax Policy Center


Thomas Brosy

Senior Research Associate

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Research report

The declining values of office buildings across the country in the aftermath of the COVID-19 pandemic could significantly change how major cities and other localities raise revenue and provide public services. This paper describes the mechanics of commercial property tax collection and uses...

May 1, 2024
Thomas BrosyRichard C. AuxierNikhita AiriGabriella GarrigaMuskan Jha

In this brief, we describe the features of the US tax system that favor buybacks over dividends. We also estimate the size of those tax advantages. In the absence of any excise taxes, we calculate the US tax advantage for buybacks over dividends would be 7.2 percent. About two-thirds of the...

March 19, 2024
Thomas BrosySteven M. Rosenthal
Research report

States and local governments in the US have started implementing cryptocurrency and blockchain technology initiatives and policies. Supporters of these technologies highlight the transformative potential for improving local governance, but many remain skeptical about their long-term effects on...

February 6, 2023
Luisa Godinez-PuigThomas BrosyGabriella Garriga
Research report

The 2017 Tax Cuts and Jobs Act (TCJA) sharply reduced effective corporate income tax rates on equity-financed US investment. This paper examines the reform’s impact on US inbound foreign direct investment (FDI) and investment in property, plant and equipment (PPE) by foreign-owned US companies....

May 12, 2022
Thornton MathesonAlexander KlemmLaura PowerThomas Brosy

From TaxVox