Last week Louisiana’s Republican Governor Bobby Jindal proposed replacing the state’s individual income and corporate taxes with a higher sales tax. While details are scarce,...
This fact sheet examines the effects of the American Taxpayer Relief Act of 2012 (ATRA) on charitable giving. The major individual income tax provisions are estimated to increase giving by $3.3 billion or 1.5 percent, relative to 2012 law, mainly because of the increase in the top marginal tax rate
The distribution of major individual income tax and estate tax provisions excluding certain business extenders and other provisions of the American Taxpayer Relief Act of 2012 against pre-ATRA current law by cash income level in 2018.
The distribution of major individual income tax and estate tax provisions excluding certain business extenders and other provisions of the American Taxpayer Relief Act of 2012 against pre-ATRA current law by cash income percentile in 2018.
The distribution of major individual income tax and estate tax provisions excluding certain business extenders and other provisions of the American Taxpayer Relief Act of 2012 against pre-ATRA current policy by cash income level in 2018.
The distribution of major individual income tax and estate tax provisions excluding certain business extenders and other provisions of the American Taxpayer Relief Act of 2012 against pre-ATRA current policy by cash income percentile in 2018.
In a contribution to CNNMoney, Donald Marron argues that minting a $1 trillion platinum coin if Congress refuses to raise the debt ceiling sounds crazy. But it might actually work if done in smaller denominations.
The fiscal cliff debate culminated in the passage of the American Taxpayer Relief Act of 2012 (ATRA). ATRA makes permanent most of the tax cuts enacted in 2001 and 2003, permanently patches the alternative minimum tax, extends for five years the enhancements to individual income tax credits
I spent lunchtime today moderating a thoroughly discouraging Urban Institute panel discussion on the fiscal cliff. The consensus of the speakers—all highly-regarded budget experts—was that...
Huffington Post reports on this tweet/warning from former Bush press secretary, Ari Fleischer: I increased donations to charity in 2012. This deal limits my deductions...
Section 170 of the Internal Revenue Code (Charitable Contributions) now contains 16 subsections divided into 75 paragraphs and who knows how many subparagraphs. The CCH version of Section 170 and its legislative history takes up 35 pages. In addition, much of this voluminous statute is difficult to
The inventory, or stock in trade, of a business is eligible for a special "enhanced" charitable contribution deduction under the federal income tax. The many requirements to claim an enhanced deduction present unique challenges for the Internal Revenue Service (IRS). This issue brief highlights
Comparison of effective marginal tax rates on wages and salaries under the American Taxpayer Relief Act of 2012 (ATRA), patched 2012 law, and pre-ATRA law; by cash income percentile, 2013.
Comparison of effective marginal individual income tax rates on capital income under the American Taxpayer Relief Act of 2012 (ATRA), patched 2012 law, and pre-ATRA law; by cash income percentile, 2013.
The distribution of step 2 (health care law provisions) of the American Taxpayer Relief Act of 2012 as passed by the Senate by cash income percentile in 2013.
The distribution of step 3 (high income capital gains and dividends) of the American Taxpayer Relief Act of 2012 as passed by the Senate by cash income percentile in 2013.
