Private equity has grown exponentially: it now controls and operates a large number of the companies in our economy. But private equity is just that: private. Its operations are confidential and difficult to parse. This article attempts to demystify the business of private equity. It also describes
At an AEI panel discussion earlier this week, Senator Mike Lee (R-Utah) unveiled the Family Fairness and Opportunity Tax Reform Act . The centerpiece is...
Today I had the chance to testify before the Joint Economic Committee about a perennial challenge, the looming debt limit. Here are my opening remarks...
In this testimony before the Joint Economic Committee, Donald Marron offers Congress four pieces of advice as it faces the looming debt limit. First, Congress must increase the debt limit; failing to do so will result in severe economic harm. Second, Congress should not wait until the last minute
“The White Whale swam before him as the monomaniac incarnation of all those malicious agencies which some deep men feel eating in them…All that most...
The impact of tax reform on housing prices has traditionally been studied by examining the user cost of capital the after-tax cost to the homeowner per unit of housing. This brief summarizes findings from a new discrete period approach which considers the time element of housing investment and
While relatively few low-income people pay federal income tax, a large and growing share owe Social Security and Medicare payroll taxes, according to new estimates...
Distribution of tax-units owing federal income and payroll taxes, by expanded cash income level, under current law, for 2012. The table shows the distribution of tax-units whose payroll tax liability exceeds their individual income tax liability.
Distribution of tax-units owing federal income and payroll taxes, by expanded cash income percentile, under current law, for 2012. The table shows the distribution of tax-units whose payroll tax liability exceeds their individual income tax liability.
Distribution of tax-units owing federal income and payroll taxes, by expanded cash income level, under current law, for 2013. The table shows the distribution of tax-units whose payroll tax liability exceeds their individual income tax liability.
Distribution of tax-units owing federal income and payroll taxes, by expanded cash income percentile, under current law, for 2013. The table shows the distribution of tax-units whose payroll tax liability exceeds their individual income tax liability.
Distribution of tax-units owing federal income and payroll taxes, by expanded cash income level, under current law, for 2014. The table shows the distribution of tax-units whose payroll tax liability exceeds their individual income tax liability.
Distribution of tax-units owing federal income and payroll taxes, by expanded cash income percentile, under current law, for 2014. The table shows the distribution of tax-units whose payroll tax liability exceeds their individual income tax liability.
Distribution of tax-units owing federal income and payroll taxes, by expanded cash income level, under current law, for 2023. The table shows the distribution of tax-units whose payroll tax liability exceeds their individual income tax liability.
Distribution of tax-units owing federal income and payroll taxes, by expanded cash income percentile, under current law, for 2023. The table shows the distribution of tax-units whose payroll tax liability exceeds their individual income tax liability.
Last week’s IRS ruling on same-sex marriages received a lot of attention. Going forward, a same-sex married couple must file federal income tax returns as...
Headline got your attention? No, it isn’t a come-on for a new tax avoidance scheme. Rather, it reflects an interesting but little known problem with...
The percentage of Americans who pay no federal income tax is falling, thanks to an improving economy and the expiration of temporary Great Recession-era tax...
