The distribution of the tax benefit of the head of household filing status, dependent exemption, child tax credit, dependent care credit, and earned income tax credit by expanded cash income level in 2013.
The distribution of the tax benefit of the head of household filing status, dependent exemption, child tax credit, dependent care credit, and earned income tax credit by expanded cash income percentile in 2013.
Treasury Secretary Jack Lew has notified Congress that the U.S. government will reach the limits of its ability to borrow in mid-October. Lew’s letter sounds...
The benefits of itemized deductions for mortgage interest and property taxes vary by income and demographic characteristics. The two deductions increase after-tax income most for high-income families, particularly those with children, while low-income households hardly benefit at all. On average,
The tax act Congress passed early on New Year’s Day permanently patched the alternative minimum tax (AMT), sparing tens of millions of Americans from the...
Displays the number of AMT taxpayers as a percentage of all tax-filers across expanded cash income levels, filing status, number of children at home, and state tax level, under current law and pre-ATRA law.
Displays the average effective AMT tax rate across expanded cash income level, filing status, number of children at home, and state tax level, under current law and pre-ATRA law for 2012-2014 and 2023.
Distribution of AMT taxpayers, share of AGI and share of AMT and regular income tax liability by expanded cash income level under current law between 2012 and 2014.
Compares the effective marginal rates for AMT taxpayers under the regular income tax and the AMT and also the income subject to tax under the regular income tax and the AMT, by expanded cash income level, under current law, between 2012 and 2014.
Displays the effect of the AMT on ATRA individual income tax cuts for the year 2013. Specifically, it presents the percentage of tax-units who lose their individual income tax cuts partially or completely due to the AMT and the percentage reduction in the individual income tax-cuts due to the AMT
