The IRS workforce has declined substantially over the past three decades. In FY 1993, the IRS had 434 employees per million U.S. residents, whereas it had 237 employees per million U.S. residents three decades later, in FY 2022.
Perhaps the two most influential economics thinkers of the past half-century were not economists at all. Psychologists Amos Tversky, who died young in 1996, and...
Foreign investors, retirement accounts, and other tax-exempt entities now dominate US stock ownership. This shift has important implications for understanding who wins and who loses...
In FY 2022, federal estate and trust income tax collections totaled $85 billion, with half coming from Illinois, Texas, Florida, New York, California, and Nevada. Nevada's share of the total (6%) was six times its share of the national population.
Even though the tax code generally does not refer to race and ethnicity, factors that affect people’s tax liabilities are often associated with those characteristics...
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 not
How The Anti-Tax Movement Changed Politics and Government In his new book, law professor Michael Graetz makes a provocative argument: The modern anti-tax movement is...
In 2021, about 13% of total state motor fuel tax revenue was allocated to mass transit. New York (84%), Connecticut (68%), and Maryland (61%) allocated the most of this revenue source to mass transit, while others mostly allocated it to state-administered highways.