A legacy of racial discrimination—in the housing market and mortgage lending industry, among other sectors—has led to lower rates of homeownership among Black and Hispanic families than among White families. One consequence of the lower homeownership rates is that Black and Hispanic families do...
I propose and analyze four major revenue-neutral sets of federal income tax reforms, each of which would create a simpler and more progressive system. A new page on the Urban-Brookings Tax Policy Center Website allows anyone to compare their filing requirements and tax burdens under the...
Investing in children and supporting the wages of working people—which have been stagnant for the past half century—are critical components in equitable and sustainable economic growth. Two options to achieve this are a fully refundable child tax credit, as implemented temporarily in 2021, and a...
Although the US tax code does not explicitly reference race or ethnicity, the federal individual income tax can create racial disparities when factors that affect tax liability are associated with race. This paper provides new evidence on racial differences in marriage tax penalties and bonuses...
Although the US tax code does not explicitly reference race or ethnicity, the federal individual income tax can create racial disparities when factors that affect tax liability are associated with race. This paper provides new evidence on racial differences in marriage tax penalties and bonuses...
In the US Supreme Court case Moore v United States, shareholders in a “controlled” foreign corporation challenge a tax on income they had not yet received. But a ruling in their favor could upend decades of rules to curb tax avoidance in international and capital markets. As a matter of...
Encouraging Charitable Giving: Matching Grants Versus Rebates
Racial and Ethnic Disparities in the Home Mortgage Interest Deduction
A legacy of racial discrimination—in the housing market and mortgage lending industry, among other sectors—has led to lower rates of homeownership among Black and Hispanic families than among White families. One consequence of the lower homeownership rates is that Black and Hispanic families do...
Radical Simplification of the Income Tax: Issues and Options
I propose and analyze four major revenue-neutral sets of federal income tax reforms, each of which would create a simpler and more progressive system. A new page on the Urban-Brookings Tax Policy Center Website allows anyone to compare their filing requirements and tax burdens under the...
In the Absence of the Expanded Child Tax Credit, Many Families with Children Faced Material Hardship in 2022
Tax Policies to Expand Economic Growth and Increase Prosperity for American Families
Investing in children and supporting the wages of working people—which have been stagnant for the past half century—are critical components in equitable and sustainable economic growth. Two options to achieve this are a fully refundable child tax credit, as implemented temporarily in 2021, and a...
Can Millionaires Avoid a Surtax on Their Long-term Capital Gains?
Do Millionaires Adjust the Realizations of Their Long-term Capital Gains When Taxes Change?
Racial Disparities in the Income Tax Treatment of Marriage
Although the US tax code does not explicitly reference race or ethnicity, the federal individual income tax can create racial disparities when factors that affect tax liability are associated with race. This paper provides new evidence on racial differences in marriage tax penalties and bonuses...
Race, Taxes, and Marriage
Although the US tax code does not explicitly reference race or ethnicity, the federal individual income tax can create racial disparities when factors that affect tax liability are associated with race. This paper provides new evidence on racial differences in marriage tax penalties and bonuses...
Supreme Court Moore Case Could Invalidate Decades of Tax Rules
In the US Supreme Court case Moore v United States, shareholders in a “controlled” foreign corporation challenge a tax on income they had not yet received. But a ruling in their favor could upend decades of rules to curb tax avoidance in international and capital markets. As a matter of...