The White House says lowering taxes on capital gains and dividends will create jobs and opportunity. Tax analyst and commentator Len Burman thinks not.
This report summarizes the two options for reforming the tax system proposed by the President's Advisory Panel on Federal Tax Reform, offers a preliminary evaluation of the proposals, and discusses the overall effect on revenue, distribution, and growth.
Rising house prices have led to increasing property taxes and to calls for property tax reform. However, it is important to realize that many state and local governments currently offer property tax relief programs. We examine the property tax relief programs offered through state income tax...
Claims that increasing capital gains tax rates will adversely impact stock markets and economic growth are not strongly supported by empirical data. Over the last half-century, the correlation between the maximum capital gains tax rate and the ratio of the S&P index to GDP has been about -0....
Following decades of relative stability, income inequality has risen sharply in the United States since the 1970s. Households at the top of the income distribution saw their pretax incomes grow most; similar trends and magnitude are present for after-tax incomes, too.
The panoply of U.S. tax and transfer programs often act in concert to penalize low-income families who increase their work effort or marry, by saddling them with high effective marginal tax rates. These effective marginal tax rates-often the product of multiple, hidden phase-outs in benefit...
Over the past seventy years Congress has enacted dozens of tax and transfer programs, giving little if any attention to the marriage subsidies and penalties that they inadvertently impose. Although the programs affect both rich and poor Americans, the penalties fall most heavily on low- or...
[Investor's Business Daily] In this article, Senior Fellows Rudolph Penner and Eugene Steuerle diagnose the hidden calamity confronting the federal budget and offer a mix of simple, powerful mechanisms to "make the budget ever more responsible instead of ever less." Currently, Social...
Under the Sheltering Lie
The White House says lowering taxes on capital gains and dividends will create jobs and opportunity. Tax analyst and commentator Len Burman thinks not.
A Preliminary Evaluation of the Tax Reform Panel's Report
This report summarizes the two options for reforming the tax system proposed by the President's Advisory Panel on Federal Tax Reform, offers a preliminary evaluation of the proposals, and discusses the overall effect on revenue, distribution, and growth.
Property Tax Credits Offered Through State Income Tax Systems
Rising house prices have led to increasing property taxes and to calls for property tax reform. However, it is important to realize that many state and local governments currently offer property tax relief programs. We examine the property tax relief programs offered through state income tax...
Capital Gains Tax Rates, Stock Markets, and Growth
Claims that increasing capital gains tax rates will adversely impact stock markets and economic growth are not strongly supported by empirical data. Over the last half-century, the correlation between the maximum capital gains tax rate and the ratio of the S&P index to GDP has been about -0....
Income Taxes and Income Inequality Since 1979
Following decades of relative stability, income inequality has risen sharply in the United States since the 1970s. Households at the top of the income distribution saw their pretax incomes grow most; similar trends and magnitude are present for after-tax incomes, too.
The True Tax Rates Confronting Families With Children
The panoply of U.S. tax and transfer programs often act in concert to penalize low-income families who increase their work effort or marry, by saddling them with high effective marginal tax rates. These effective marginal tax rates-often the product of multiple, hidden phase-outs in benefit...
An International Perspective on Gasoline Taxes
While U.S. gasoline prices were indeed at a historical high after Katrina, they are both declining and much lower than gas prices in other countries.
The Hefty Penalty on Marriage Facing Many Households with Children
Over the past seventy years Congress has enacted dozens of tax and transfer programs, giving little if any attention to the marriage subsidies and penalties that they inadvertently impose. Although the programs affect both rich and poor Americans, the penalties fall most heavily on low- or...
Consumption Taxes in the United States and Abroad
The United States collects much less revenue in consumption taxes than do other OECD countries.
Time To Take Federal Budget Off Autopilot
[Investor's Business Daily] In this article, Senior Fellows Rudolph Penner and Eugene Steuerle diagnose the hidden calamity confronting the federal budget and offer a mix of simple, powerful mechanisms to "make the budget ever more responsible instead of ever less." Currently, Social...