Kansas Governor Sam Brownback (R) and the GOP-controlled legislature are struggling to accomplish two goals: They want to repeal the state income tax but need...
Firms can legally sell medical marijuana in 19 states and the District of Columbia and recreational weed in two. They must pay federal income taxes,...
Tax preferences for housing are under fire, with mounting evidence that these preferences are inefficient , unequal , and too expensive to warrant a place...
This study analyzes the effect of tax reforms on housing prices in selected cities. Using a model that incorporates transaction costs, the study finds (1) the presidents proposed limit on itemized deductions would have a minimal impact on housing prices; (2) eliminating itemized deductions
Your uncle, Sam, has ignored his chronic health condition let's say he's diabetic for a long time. Then he suddenly has a heart attack, followed by a long, slow painful recovery. As he is recovering, he is feeling good about his health after all, he got though a crisis. But he is not actually
The Congressional Budget Office report on the distribution of tax expenditures is getting lots of buzz, nearly all of it positive. This is a gratifying...
Two interesting new papers from the Congressional Research Service highlight a major challenge faced by any tax reform that reduces itemized deductions to help pay...
Reform of the Social Security benefit structure should proceed on the basis of principles and goals related to adequacy, protections in old age, encouragement of work to protect the tax base on which programs like this depend, and equal justice under the law for those equally situated. Many
In a contribution to the New York Times' Room for Debate, Kim Rueben argues if the tax rate for marijuana is too high, people will continue to buy weed from the guy on the street. However, setting the tax rate too low leaves revenue on the table and use might boom.
The remarkable thing about the Senate Permanent Investigations Subcommittee’s report on Apple Inc.’s corporate tax avoidance is how unremarkable it is. Because Apple is so...
The IRS’s botched processing of requests for tax-exempt status by political groups isn’t the new Watergate. In fact, as scandals go, it is barely the...
To help clarify whether IRS incorrectly, unfairly, or illegally targeted the Tea Party and other conservative groups, here are the answers to a few basic...
Let’s start with the obvious. Those IRS employees who singled out conservative groups for scrutiny over their tax-exempt status were wrong, wrong, wrong. Any whiff...
This paper attempts to better understand rhetoric over the charitable contributions deduction, arguing that debate surrounding the deduction is ultimately a projection of more fundamental debates relating to the theme of government versus charity. The phrase "government versus charity" can mean
Distribution of the tax benefits of the deduction for home mortgage interest, a 15 percent non-refundable credit, and a 20 percent non-refundable credit on the first $250,000 of debt by cash income level in 2015.
Distribution of the tax benefits of the deduction for home mortgage interest, a 15 percent non-refundable credit, and a 20 percent non-refundable credit on the first $750,000 of debt by cash income level in 2015.
Distribution of the federal tax change from replacing the deduction for mortgage interest with a 20 percent non-refundable credit on the first $750,000 of debt, against current law by cash income level in 2015.
Distribution of the federal tax change from replacing the deduction for mortgage interest with a 20 percent non-refundable credit on the first $250,000 of debt, against current law by cash income level in 2015.
Distribution of the federal tax change from replacing the deduction for mortgage interest with a 15 percent non-refundable credit on the first $750,000 of debt, against current law by cash income level in 2015.
Distribution of the federal tax change from replacing the deduction for mortgage interest with a 15 percent non-refundable credit on the first $250,000 of debt, against current law by cash income level in 2015.
This document reviews several notable tax proposals in President Obamas Fiscal Year 2014 Budget. These include a 28 percent limit on certain tax expenditures, a cap on tax preferences for retirement savers with high balances, a minimum tax ("Buffett Rule") on high-income taxpayers, alternative
Leaders in both parties appear to favor revenue-neutral corporate tax reform that would lower today's 35 percent tax rate while slashing corporate tax breaks. Individual tax reform appears much more contentious, so some observers wonder whether Congress might pursue corporate tax reform by itself,
