What’s going to happen on October 18 if Congress doesn’t vote to increase the debt limit? Probably nothing. Make no mistake, Washington is still wading...
The latest edition of the Tax Policy Center’s State and Local Finance Initiative ’s State Economic Monitor finds that revenue growth is accelerating in most...
The latest edition of the Tax Policy Center's State and Local Finance Initiative's State Economic Monitor finds that revenue growth is accelerating in most states but many jurisdictions faced strong economic headwinds going into the recent partial government shutdown and potential default. In
Newly released W-2 data from the Statistics of Income (SOI) Division of IRS describe in detail the wages and retirement contributions of workers from 2008 through 2010. SOI economists Kevin Pierce and Jon Gober provide an overview of the data and compare them with (much less detailed) data for
Since the day of Alexander Hamilton, the United States has never defaulted on the federal debt. That’s what we budget-watchers always say. It’s a great...
Distribution of income from long-term capital gains and qualified dividends and the individual income taxes paid on this income by expanded cash income level, under current law, 2012.
Distribution of income from long-term capital gains and qualified dividends and the individual income taxes paid on this income by expanded cash income percentile, under current law, 2012.
Distribution of income from long-term capital gains and qualified dividends and the individual income taxes paid on this income by expanded cash income level, under current law, 2013.
Distribution of income from long-term capital gains and qualified dividends and the individual income taxes paid on this income by expanded cash income percentile, under current law, 2023.
Distribution of income from long-term capital gains and qualified dividends and the individual income taxes paid on this income by expanded cash income level, under current law, 2023.
Distribution of income from long-term capital gains and qualified dividends and the individual income taxes paid on this income by expanded cash income percentile, under current law, 2014.
Distribution of income from long-term capital gains and qualified dividends and the individual income taxes paid on this income by expanded cash income level, under current law, 2014.
Distribution of income from long-term capital gains and qualified dividends and the individual income taxes paid on this income by expanded cash income percentile, under current law, 2013.
Enrollment in the new health care exchanges begins today and the government is partially shut down in protest—never mind that Obamacare funding is largely immune...
While political leaders remain tied up in discussions of government shutdowns and debt ceiling increases, we focus on the medium- and long-term budget outlook, where more serious challenges lie. With the passage of the American Taxpayer Relief Act, the imposition of the sequester, and changes in
This paper applies tax incidence theory to estimate the distributional effects of the exemption from federal income tax of interest on state and local bonds and the President's proposal to limit the benefit of the exemption to the 28 percent rate. When one accounts for the effects of changes in
House Republicans reportedly are considering several ways to add a framework for tax reform to legislation needed to increase the federal government’s borrowing authority. Could...
