A tax credit for first-time homebuyers could be an important step towards restructuring the way the US subsidizes home ownership. But the version President Biden...
The Internal Revenue Service (IRS) and the Urban-Brookings Tax Policy Center invite you to attend virtually or in-person the only annual conference focused exclusively on...
In this brief, we describe the features of the US tax system that favor buybacks over dividends. We also estimate the size of those tax advantages. In the absence of any excise taxes, we calculate the US tax advantage for buybacks over dividends would be 7.2 percent. About two-thirds of the total
Bloomberg recently reported on an exchange traded fund (ETF) with the ticker symbol BOXX that exploits various tax rules to transform what’s effectively interest income,...
Taxes feature prominently in the Biden administration’s fiscal year 2025 budget. They will continue to be a point of contention in the presidential election, with...
Itemizing, as opposed to claiming the standard deduction, is more common among those with higher incomes. In 2021, 2% of taxpayers with incomes less than $50,000 itemized, compared with 69% of taxpayers with incomes over $1 million.
Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2023, of the proposals in Tax Relief for American...