This paper addresses economic issues related to the unemployment insurance (UI) system, focusing on the worker- and employer-facing aspects of UI policy—i.e., the ways that benefits are provided to workers and that employers are taxed to fund those benefits. We outline principles for optimal...
“Sin taxes” are often viewed as budget saviors, though they play a rather small role in state budgets. Although states raise revenue from sin taxes, policymakers should be mindful of these taxes’ limitations. Absent policy changes (such as increased tax rates), long-term growth for sin tax...
Created by the Tax Cuts and Jobs Act of 2017, the federal government’s latest economic development incentive, Opportunity Zones, is currently in the beginning stages of implementation. While it has the potential to stimulate significant cash flow across the country, its success partially depends...
State government tax revenues rebounded in the first quarter of 2019 after declines in the fourth quarter of 2018. However, year-over-year growth was substantially weaker in the first quarter of 2019 than in the final quarter of 2017 and the first three quarters of 2018. Most of the recent...
On September 24, 2019, Janet Holtzblatt presented at TPC's event, "Taxing Wealth." This slide deck provides an overview of the concept of a wealth tax and presents three design options to create one. View a live recording of Holtzblatt's presentation here.
This article reviews the 18-year tenure of the just-retired National Taxpayer Advocate, Nina Olson, and her successes and challenges in building the post into a key role in tax administration through casework, systemic advocacy, and detailed reports to Congress.
This paper uses a large panel of transaction-level capital asset sales data to investigate whether tax responsiveness varies with economic conditions. We estimate the tax elasticity associated with a large notch in the capital gains tax schedule, when the tax treatment changes from higher,...
This policy brief summarizes the impact of traditional individual retirement accounts and Roth individual retirement accounts on personal choices and on government finances. Although the accounts are equivalent under certain circumstances, in practice they often differ in important ways for both...
In this report, we examine the different ways that Roth individual retirement accounts (IRAs) and traditional IRAs affect their investors and the government. People who want to shelter more income per dollar deposited in the account, provide larger bequests, or eliminate uncertainty about how...
This document introduces the goals of Modeling in the Cloud at the Urban Institute. It details how our cloud-based system uses continuous deployment, containers, an interface, and computing and storage components that leverage Amazon Web Services (AWS), then lists lessons learned and critical...
Rethinking Unemployment Insurance Taxes and Benefits
This paper addresses economic issues related to the unemployment insurance (UI) system, focusing on the worker- and employer-facing aspects of UI policy—i.e., the ways that benefits are provided to workers and that employers are taxed to fund those benefits. We outline principles for optimal...
Are States Betting on Sin? The Murky Future of State Taxation
“Sin taxes” are often viewed as budget saviors, though they play a rather small role in state budgets. Although states raise revenue from sin taxes, policymakers should be mindful of these taxes’ limitations. Absent policy changes (such as increased tax rates), long-term growth for sin tax...
An Opportunity Zone Guide for Governors and a Case Study of South Carolina
Created by the Tax Cuts and Jobs Act of 2017, the federal government’s latest economic development incentive, Opportunity Zones, is currently in the beginning stages of implementation. While it has the potential to stimulate significant cash flow across the country, its success partially depends...
State Tax and Economic Review, 2019 Quarter 1
State government tax revenues rebounded in the first quarter of 2019 after declines in the fourth quarter of 2018. However, year-over-year growth was substantially weaker in the first quarter of 2019 than in the final quarter of 2017 and the first three quarters of 2018. Most of the recent...
Should Wealth be Taxed?
On September 24, 2019, Janet Holtzblatt presented at TPC's event, "Taxing Wealth." This slide deck provides an overview of the concept of a wealth tax and presents three design options to create one. View a live recording of Holtzblatt's presentation here.
The Inside Agitator
This article reviews the 18-year tenure of the just-retired National Taxpayer Advocate, Nina Olson, and her successes and challenges in building the post into a key role in tax administration through casework, systemic advocacy, and detailed reports to Congress.
The critical appreciation...
Investor Responsiveness to Capital Gains Taxes During the Great Recession
This paper uses a large panel of transaction-level capital asset sales data to investigate whether tax responsiveness varies with economic conditions. We estimate the tax elasticity associated with a large notch in the capital gains tax schedule, when the tax treatment changes from higher,...
Roth IRAs Versus Traditional IRAs: Implications for Individuals and Government
This policy brief summarizes the impact of traditional individual retirement accounts and Roth individual retirement accounts on personal choices and on government finances. Although the accounts are equivalent under certain circumstances, in practice they often differ in important ways for both...
How Shifting from Traditional IRAs to Roth IRAs Affects Personal and Government Finances
In this report, we examine the different ways that Roth individual retirement accounts (IRAs) and traditional IRAs affect their investors and the government. People who want to shelter more income per dollar deposited in the account, provide larger bequests, or eliminate uncertainty about how...
Scaling Microsimulation Modeling in the Cloud: A Guide
This document introduces the goals of Modeling in the Cloud at the Urban Institute. It details how our cloud-based system uses continuous deployment, containers, an interface, and computing and storage components that leverage Amazon Web Services (AWS), then lists lessons learned and critical...