This paper summarizes major individual and corporate tax provisions of the 2017 Tax Cuts and Jobs Act (TCJA), traces its origins, and compares its changes to previous tax changes. We examine its effects on the budget, economic activity, and distribution of resources. Based on evidence through...
State revenue forecasters face multifaceted challenges in projecting revenues, especially amid rapid and significant economic, demographic, and technological changes.
This report provides an in-depth examination of the challenges and complexities involved in state revenue forecasting...
This report provides an overview of interactions between the federal individual income tax system and racial and ethnic disparities in the United States. The tax code may appear to be “race blind” because the Internal Revenue Service does not ask tax filers to report their race or ethnicity. But...
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...
How the American Rescue Plan's Temporary EITC Expansion Impacted Workers Without Children
How Fines and Fees Impact Family Well-Being
Sweeping Changes and an Uncertain Legacy
This paper summarizes major individual and corporate tax provisions of the 2017 Tax Cuts and Jobs Act (TCJA), traces its origins, and compares its changes to previous tax changes. We examine its effects on the budget, economic activity, and distribution of resources. Based on evidence through...
A Social Safety Net Repair: Delivering State Tax Benefits to Immigrant Families
Beyond the Crystal Ball: State Revenue Forecasts before, during, and after the COVID-19 Pandemic
State revenue forecasters face multifaceted challenges in projecting revenues, especially amid rapid and significant economic, demographic, and technological changes.
This report provides an in-depth examination of the challenges and complexities involved in state revenue forecasting...
A Guide to Understanding Racial Disparities in the Federal Individual Income Tax System
This report provides an overview of interactions between the federal individual income tax system and racial and ethnic disparities in the United States. The tax code may appear to be “race blind” because the Internal Revenue Service does not ask tax filers to report their race or ethnicity. But...
State Tax and Economic Review, 2023 Quarter 4
The Sensitivity of the Tax Elasticity of Capital Gains to Lagged Tax Rates and Migration
The Future of Commercial Real Estate and City Budgets
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...
Public Comment on Proposed Rulemaking to Expand Tax Data Sharing with the US Census Bureau
The Internal Revenue Service (IRS) posted a proposed rule to expand the range of tax data shared with the US Census...