When a nonprofit engages in business activities unrelated to its nonprofit purposes, taxability is usually not a question of choice; various laws and regulations require that the organization pay taxes on this income and, typically, on sales and property. For related activities, however, a...
[Financial Times] Just how big is the tax cut under debate in the US? How big in relation to the economy and current tax collections? And how big compared with past cuts? We know that President George W. Bush and the House of Representatives want $1,600 billion of tax cuts over 10 years,...
[National Public Radio (NPR)]Urban Institute Senior Fellow and former Treasury Deputy Assistant Secretary for Tax Analysis, Len Burman, expounds upon the earned income tax credit (EITC) as he recounts his experiences with the confusing EITC while helping a single mother with her taxes....
Senior Fellow Eugene Steuerle mentions two items that seem to be just below the radar screen of most of those following the tax cut debate: the adjustment of taxation of social security benefits and increases in child credits.
The Department of the Treasury recently released a distribution table, which shows how income tax liabilities would change under President Bush's tax plan. This release, a positive step, represents the Administration's acknowledgment that the distribution of tax burdens is important in assessing...
Debate over tax policy is always intense, as it should be since much of the government's agenda is defined within the tax system. When it comes to tax cuts, this debate usually centers on size of government and progressivity of the tax system.
As tax bills go through Congress, Senior Fellow Eugene Steuerle describes how tax provisions can be targeted effectively and how legitimate tax policy principles be maintained, in spite of wide disagreement over the exact shape of an ideal tax system.
When Nonprofits Conduct Exempt Activities as Taxable Enterprises
When a nonprofit engages in business activities unrelated to its nonprofit purposes, taxability is usually not a question of choice; various laws and regulations require that the organization pay taxes on this income and, typically, on sales and property. For related activities, however, a...
Opportunity at Hand: Revising the Child Credit
Senior Fellow Eugene Steuerle describes how a child credit revision has a chance to achieve bipartisan support.
Keeping the Bush Tax Cut in Proportion
[Financial Times] Just how big is the tax cut under debate in the US? How big in relation to the economy and current tax collections? And how big compared with past cuts? We know that President George W. Bush and the House of Representatives want $1,600 billion of tax cuts over 10 years,...
Tax Complexity and the Working Poor
[National Public Radio (NPR)]Urban Institute Senior Fellow and former Treasury Deputy Assistant Secretary for Tax Analysis, Len Burman, expounds upon the earned income tax credit (EITC) as he recounts his experiences with the confusing EITC while helping a single mother with her taxes....
Two Issues Not on the Current Tax Radar Screen
Senior Fellow Eugene Steuerle mentions two items that seem to be just below the radar screen of most of those following the tax cut debate: the adjustment of taxation of social security benefits and increases in child credits.
Opportunities in the Tax Bill
Treasury's New Distribution Presentation
The Department of the Treasury recently released a distribution table, which shows how income tax liabilities would change under President Bush's tax plan. This release, a positive step, represents the Administration's acknowledgment that the distribution of tax burdens is important in assessing...
Peggy's Rules: Peggy McConkey And the Meaning of Public Service
Senior Fellow Eugene Steuerle describes standards of public service excellence set by a Treasury employee, Peggy McConkey.
President Bush's Proposal to Encourage Charitable Giving
Debate over tax policy is always intense, as it should be since much of the government's agenda is defined within the tax system. When it comes to tax cuts, this debate usually centers on size of government and progressivity of the tax system.
Amending a Chairman's Mark While Recognizing Tax Policy Principles
As tax bills go through Congress, Senior Fellow Eugene Steuerle describes how tax provisions can be targeted effectively and how legitimate tax policy principles be maintained, in spite of wide disagreement over the exact shape of an ideal tax system.