Under current law, a large share of tax benefits for retirement saving accrues to high-income employees. We simulate the short- and long-term effect of three policy options for flattening tax incentives and increasing retirement savings for low- and middle-income workers. Our results show that...

Presidential candidate Bernie Sanders proposed a financial transaction tax to finance universal access to higher education. TPC estimated that it would raise $52 billion in its first year while Pollin, Heintz, and Herndon estimated it would raise $300 billion. This brief reconciles those...

This short guide explains how the Tax Policy Center calculated the distributional effects of Governor Pawlenty’s tax reform proposals.

In his campaign for the Republican presidential nomination, Mitt Romney has proposed permanently extending the 2001–03 tax cuts, further cutting individual income tax rates, broadening the tax base by reducing tax preferences, eliminating taxation of investment income of most individual...

In his campaign for the Republican presidential nomination, Rick Santorum has proposed permanently extending the 2001–10 tax cuts and further reducing individual income taxes, cutting the corporate income tax rate in half, eliminating the estate tax, and repealing the alternative minimum tax and...

Herman Cain’s plan would eliminate the current individual income tax, corporate income tax, payroll tax, and estate and gift tax and substitute three taxes imposed at a 9 percent rate: a 9 percent “national sales tax,” a 9 percent “business flat tax,” and a 9 percent “individual flat tax.” Based...

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...

The early years of the 21st century have been marked by a major tax bill almost every year. This fact sheet looks at the impact of these laws on taxpayers, especially on who benefits and who doesnt, and discusses some unfinished business, including the future of the estate tax and the individual...

The effects of state tax policy on economic growth, entrepreneurship, and employment remain controversial. Using a framework that in prior research generated significant, negative, and robust effects of taxes on growth, we find that neither tax revenues nor top income tax rates bear stable...

The effects of state tax policy on economic growth, entrepreneurship, and employment remain controversial. Using a framework that in prior research generated significant, negative, and robust effects of taxes on growth, we find that neither tax revenues nor top income tax rates bear stable...