This study analyzes the effect of tax reforms on housing prices in selected cities. Using a model that incorporates transaction costs, the study finds (1) the presidents proposed limit on itemized deductions would have a minimal impact on housing prices; (2) eliminating itemized deductions...
Leaders in both parties appear to favor revenue-neutral corporate tax reform that would lower today's 35 percent tax rate while slashing corporate tax breaks. Individual tax reform appears much more contentious, so some observers wonder whether Congress might pursue corporate tax reform by...
Leonard Burman's testimony before the U.S. House of Representative's Committee on Ways and Means and the Senate Finance Committee on tax reform and the tax treatment of capital gains.
We link below to distribution tables for the tax reform proposal put forward by the Bipartisan Policy Center Debt Reduction Task Force on November 17, 2010. We provide estimates for the plan as it would look in 2022, 10 years after its proposed enactment, evaluated at 2018 income levels. We...
President Obama's tax reform task force has been asked to propose ways to close the $300 billion tax gap, which is the estimated difference between taxes owed and taxes paid either voluntarily or through enforcement. But the amount of money lost to legal tax avoidance - the difference between an...
Tax Reform, Transaction Costs, and Metropolitan Housing in the United States
This study analyzes the effect of tax reforms on housing prices in selected cities. Using a model that incorporates transaction costs, the study finds (1) the presidents proposed limit on itemized deductions would have a minimal impact on housing prices; (2) eliminating itemized deductions...
A Practical Challenge to Stand-Alone Corporate Tax Reform
Leaders in both parties appear to favor revenue-neutral corporate tax reform that would lower today's 35 percent tax rate while slashing corporate tax breaks. Individual tax reform appears much more contentious, so some observers wonder whether Congress might pursue corporate tax reform by...
Tax Reform and the Tax Treatment of Capital Gains
Leonard Burman's testimony before the U.S. House of Representative's Committee on Ways and Means and the Senate Finance Committee on tax reform and the tax treatment of capital gains.
Distribution Estimates for Bipartisan Policy Center Tax Reform Proposal
We link below to distribution tables for the tax reform proposal put forward by the Bipartisan Policy Center Debt Reduction Task Force on November 17, 2010. We provide estimates for the plan as it would look in 2022, 10 years after its proposed enactment, evaluated at 2018 income levels. We...
Focus on the Tax 'Avoidance' Gap
President Obama's tax reform task force has been asked to propose ways to close the $300 billion tax gap, which is the estimated difference between taxes owed and taxes paid either voluntarily or through enforcement. But the amount of money lost to legal tax avoidance - the difference between an...