Campaigns, Proposals, and Reforms: Distribution Tables by Income Percentile

T21-0244 – Individual Income, Payroll, and Estate Tax Provisions in W&M Budget Reconciliation Legislative Recommendations, by Expanded Cash Income Percentile, 2022

Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2022, of the individual income tax, payroll tax, and...
September 27, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Level

T21-0245 – Individual Income, Payroll, and Estate Tax Provisions in W&M Budget Reconciliation Legislative Recommendations, by Expanded Cash Income Level, 2026

Table shows the change in the distribution of federal taxes, by expanded cash income level in 2026, of the individual income tax, payroll tax, and...
September 27, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Level

T21-0239 – Major Tax Provisions in the W&M Budget Reconciliation Legislative Recommendations, Tax Units with a Tax Increase or Tax Cut, by Expanded Cash Income Level, 2022

Table shows the distribution of tax units that see a tax increase or a tax cut ("winners and losers"), by expanded cash income level in...
September 27, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Percentile

T21-0240 – Major Tax Provisions in the W&M Budget Reconciliation Legislative Recommendations, Tax Units with a Tax Increase or Tax Cut, by Expanded Cash Income Percentile, 2022

Table shows the distribution of tax units that see a tax increase or a tax cut ("winners and losers"), by expanded cash income percentile in...
September 27, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Level

T21-0241 – Major Tax Provisions in the W&M Budget Reconciliation Legislative Recommendations, Tax Units with a Tax Increase or Tax Cut, by Expanded Cash Income Level, 2026

Table shows the distribution of tax units that see a tax increase or a tax cut ("winners and losers"), by expanded cash income level in...
September 27, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Level

T21-0237 – Ways and Means Committee Budget Reconciliation Legislative Recommendations, by Expanded Cash Income Level, 2026

Table shows the change in the distribution of federal taxes, by expanded cash income level in 2026, of the tax provisions in the Ways and...
September 27, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Percentile

T21-0238 – Ways and Means Committee Budget Reconciliation Legislative Recommendations, by Expanded Cash Income Percentile, 2026

Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2026, of the tax provisions in the Ways and...
September 27, 2021
Federal Budget and Economy: Distribution Tables by Income Level

T21-0235 – Ways and Means Committee Budget Reconciliation Legislative Recommendations, by Expanded Cash Income Level, 2022

Table shows the change in the distribution of federal taxes, by expanded cash income level in 2022, of the tax provisions in the Ways and...
September 27, 2021
Campaigns, Proposals, and Reforms: Distribution Tables by Income Percentile

T21-0236 – Ways and Means Committee Budget Reconciliation Legislative Recommendations, by Expanded Cash Income Percentile, 2022

Table shows the change in the distribution of federal taxes, by expanded cash income percentile in 2022, of the tax provisions in the Ways and...
September 27, 2021
Individual Taxes: TaxVox

Whose Child Is It Anyway? The Ways & Means Definition Makes It Harder for The IRS To Know

To paraphrase Tolstoy , all simple families are alike; each complicated family is complicated in its own way. So when the tax code aims to...
September 27, 2021Janet Holtzblatt
: Daily Deduction

There’s No Business Like Show Business!

Like no business I know: Speaker Pelosi outlines the intense week ahead.
September 27, 2021Renu Zaretsky
After-tax income inequality has grown over time. Between 1979 and 2018, the share of aggregate after-tax income going to the top 1% of households grew from 7.4% to 13.6%. The shares for the bottom 90% of households by income declined.
September 27, 2021
Campaigns, Proposals, and Reforms: Research report

Putting the Trust Back in the Black Lung Disability Trust Fund

This paper makes two key points. First, coal production is no longer a reliable source of revenue to fund the Black Lung Program. Second, the problem is going to get worse fast, and policymakers should promptly prepare for that and ensure that coal workers are not left behind. As the coal industry
September 24, 2021Siddhi DoshiAdele C. Morris
Federal Budget and Economy: TaxVox

Congress's Fiscal Drama Isn't What It Seems

Welcome to Fall. The season where, predicably, the weather gets cooler, the leaves change color, and Congress puts on its annual fiscal crisis. This year,...
September 24, 2021Howard Gleckman
: Daily Deduction

Deal or No Deal?

A Democratic framework on a tax plan? Not quite.
September 24, 2021Renu Zaretsky
Federal Budget and Economy: TaxVox

Low Interest Rates Have Implications for Tax Policy

As of this morning, yields on 10-year Treasury bonds stood at 1.33 percent. The yield on TIPS bonds–which are adjusted for inflation–was negative. These astonishingly...
September 23, 2021Alan J. AuerbachWilliam G. Gale
Federal Budget and Economy: Brief

Implications of Low Interest Rates for the Design of Tax Policy

Interest rates on government debt have been falling in many countries for the last several decades, with markets indicating that rates may stay low well into the future. The recent economic crisis precipitated by the coronavirus only accentuates these trends. As discussed by several authors,
September 23, 2021Alan J. AuerbachWilliam G. Gale
Federal Budget and Economy: Research report

Tax Policy Design with Low Interest Rates

Interest rates on government debt have fallen in many countries over the last several decades, with markets indicating that rates may stay low well into the future. It is by now well understood that sustained low interest rates can change the nature of long-run fiscal policy choices. In this paper
September 23, 2021Alan J. AuerbachWilliam G. Gale
Individual Taxes: Other Tables

T21-0233 – Current Law Distribution of Gross Estate and Net Estate Tax by Size of Gross Estate, 2025

Current law baseline distribution of gross estate size and net estate tax by size of gross estate in 2025. Baseline is the law in place...
September 23, 2021
Individual Taxes: Other Tables

T21-0234 – Current Law Distribution of Gross Estate and Net Estate Tax by Size of Gross Estate, 2026

Current law baseline distribution of gross estate size and net estate tax by size of gross estate in 2026. Baseline is the law in place...
September 23, 2021
Individual Taxes: Other Tables

T21-0230 – Estate Tax Returns and Liability Under Current Law and Pre-2017 Tax Act Law, 2021-2031

The baseline number of estate tax returns and liabilities under current law and Pre-2017 Tax Act Law from 2021 to 2031. Baseline is the law...
September 23, 2021
Individual Taxes: Other Tables

T21-0231 – Current Law Distribution of Gross Estate and Net Estate Tax by Size of Gross Estate, 2021

Current law baseline distribution of gross estate size and net estate tax by size of gross estate in 2021. Baseline is the law in place...
September 23, 2021
Individual Taxes: Other Tables

T21-0232 – Current Law Distribution of Gross Estate and Net Estate Tax by Size of Gross Estate, 2022

Current law baseline distribution of gross estate size and net estate tax by size of gross estate in 2022. Baseline is the law in place...
September 23, 2021
: Daily Deduction

Debt Ceiling Drama Continues

Biden tries to broker a deal with Hill Democrats.
September 23, 2021Renu Zaretsky
: Research report

Employment, Financial and Well-being Effects of the 2021 Expanded Child Tax Credit

The 2021 temporary expansion of the Child Tax Credit (CTC) is unprecedented in its reach and is predicted to cut American child poverty by more than half. The expanded CTC provides families with $3,600 for every child in the household under the age of six and $3,000 for every child between the ages
September 22, 2021Leah HamiltonStephen RollMathieu DespardElaine MaagYung Chun