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Research report

Toppling Off the Fiscal Cliff: Whose Taxes Rise and How Much?

Roberton C. Williams, Eric Toder, Donald Marron, Hang Nguyen
September 30, 2012
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Abstract

The looming fiscal cliff threatens to boost taxes by more than $500 billion in 2013 when many temporary tax provisions are scheduled to expire. Nearly 90 percent of Americans would pay more tax, primarily because the temporary cut in Social Security taxes and many of the 2001/2003 tax cuts would expire. Low-income households would pay more due to expiration of tax credits in the 2009 stimulus. High-income households would be hit hard by higher tax rates on ordinary income, capital gains, and dividends and by the new health reform taxes. And marginal tax rates would rise, potentially affecting economic decisions.

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Campaigns, Proposals, and Reforms Federal Budget and Economy Federal budget Individual Taxes
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Meet the Experts

  • Roberton C. Williams
    Urban Institute Associate
  • Eric Toder
    Institute Fellow and Codirector, Tax Policy Center
  • Donald Marron
    Institute Fellow
  • Hang Nguyen
Research report

New Evidence on The Effect of The TCJA On the Housing Market

Robert McClelland, Livia Mucciolo, Safia Sayed
March 30, 2022
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