Individual Taxes: Distribution Tables by Percentile

T18-0215 - Repeal Cadillac Tax, Premiums Revert to Pre-Cadillac Tax Levels, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2022

Impact on the distribution of federal tax burden relative to current law of repealing the Affordable Care Act's excise tax on high-cost health plans ("Cadillac...
October 29, 2018
Individual Taxes: Distribution Tables by Dollar Income Class

T18-0216 - Repeal Cadillac Tax, Premiums Revert to Pre-Cadillac Tax Levels, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Level, 2028

Impact on the distribution of federal tax burden relative to current law of repealing the Affordable Care Act's excise tax on high-cost health plans ("Cadillac...
October 29, 2018
Individual Taxes: Distribution Tables by Percentile

T18-0217 - Repeal Cadillac Tax, Premiums Revert to Pre-Cadillac Tax Levels, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2028

Impact on the distribution of federal tax burden relative to current law of repealing the Affordable Care Act's excise tax on high-cost health plans ("Cadillac...
October 29, 2018
: Daily Deduction

Predictions, Repercussions, and Reporting

Where is the post-TCJA investment boom?
October 29, 2018Renu Zaretsky
As a share of total federal revenues, individual income taxes have provided roughly 45% over the last 60 years. The share from corporate income taxes declined from 28% in the 1950s to 9% in the 1980s, remaining roughly constant since then.
October 29, 2018
: TaxVox

Halloween Candy for Tax Nerds: 2018's State Ballot Initiatives

Election Day 2018 has a bumper crop of voter initiatives on state taxes, ranging from new levies on carbon, payroll, motor fuels, marijuana, soda, and...
October 25, 2018Richard C. Auxier
Individual Taxes: TaxVox

There Will Be No Middle-Class Tax Cut This Week. Or Next Month

Pundits are breathlessly speculating about what President Trump’s promise to cut taxes for the middle class by 10 percent could possibly mean. They are wasting...
October 25, 2018Howard Gleckman
Individual Taxes: Research report

Safely Expanding Research Access to Administrative Tax Data: Creating a Synthetic Public Use File and a Validation Server

Administrative tax data contain a wealth of information that is potentially valuable for research and analysis. However, the legal and ethical imperative to protect taxpayer privacy has restricted their access to a small number of government analysts and select researchers. We propose to develop,
October 25, 2018Leonard E. BurmanAlex EnglerSurachai KhitatrakunJames R. NunnsSarah ArmstrongJohn IselinGraham MacDonald
: TaxVox

The IRS Proposes Generous Rules For Opportunity Zone Investors But What Will They Mean For Communities?

Last Friday, the IRS published its first set of proposed regulations for Opportunity Zones, a provision of the Tax Cuts and Jobs Act (TCJA), that...
October 23, 2018Brett TheodosSteven M. RosenthalBrady Meixell
Individual Taxes: Conference

Taxing the Gig Economy

The rise of smartphones and platform technologies has created a surge of employment in what has been termed the gig economy. Or has it? Statisticians...
October 23, 2018
: Daily Deduction

"Politicians Plan, Reality Laughs."

The TCJA shifted the benefits of tax expenditures to the highest-income households.
October 22, 2018Renu Zaretsky
Individual Taxes: TaxVox

Will The TCJA Upend The Non-Profit World?

The Tax Cuts and Jobs Act (TCJA) significantly changed the nature of the tax deduction for charitable donations. But will it transform giving itself and...
October 22, 2018Howard Gleckman
The Earned Income Tax Credit (EITC) supports low- and moderate-income working families. In 2016, the federal credit amount averaged $440 across all individual income tax returns, and ranged from $220 in New Hampshire to $880 in Mississippi.
October 22, 2018
Individual Taxes: TaxVox

Senator Harris Seeks To Raise Incomes Using A New Tax Credit

Senator Kamala Harris (D-CA) is proposing to raise the incomes of working families through a new tax proposal called the “LIFT (Livable Incomes for Families...
October 18, 2018Elaine Maag
Federal Budget and Economy: TaxVox

The Price Of Tax Cuts And Spending Hikes

The Treasury Department reported this week that the federal budget deficit for fiscal year 2018 increased by $113 billion, or 17 percent from 2017, resulting...
October 17, 2018Howard Gleckman
Federal Budget and Economy: Research report

A U.S. Fiscal Crisis?

Recent tax cuts and the relaxation of spending caps on much of discretionary spending have added massively to the federal debt. Neither political party is showing much interest in controlling deficits and unless there are large changes in fiscal policies we are firmly on a road to a fiscal crisis.
October 17, 2018Rudolph G. Penner
Individual Taxes

T18-0180 - Tax Benefit of the Preferential Rates on Long-Term Capital Gains and Qualified Dividends, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Level, 2017

Distribution of the tax benefits of the preferential rates on long-term capital gains and qualified dividends, by income level under current law for 2017. Baseline...
October 16, 2018
Individual Taxes: Distribution Tables by Percentile

T18-0181 - Tax Benefit of the Preferential Rates on Long-Term Capital Gains and Qualified Dividends, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2017

Distribution of the tax benefits of the preferential rates on long-term capital gains and qualified dividends, by income percentile under current law for 2017. Baseline...
October 16, 2018
Individual Taxes: Distribution Tables by Dollar Income Class

T18-0182 - Tax Benefit of the Preferential Rates on Long-Term Capital Gains and Qualified Dividends, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Level, 2018

Distribution of the tax benefits of the preferential rates on long-term capital gains and qualified dividends, by income level under current law for 2018. Baseline...
October 16, 2018
Individual Taxes: Distribution Tables by Percentile

T18-0183 - Tax Benefit of the Preferential Rates on Long-Term Capital Gains and Qualified Dividends, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2018

Distribution of the tax benefits of the preferential rates on long-term capital gains and qualified dividends, by income percentile under current law for 2018. Baseline...
October 16, 2018
Individual Taxes: Distribution Tables by Dollar Income Class

T18-0184 - Tax Benefit of the Preferential Rates and Portion of the Net Investment Income Tax on Long-Term Capital Gains and Qualified Dividends, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Level, 2017

Distribution of the tax benefits of removing capital gains and qualified dividends from the base of the 3.8 percent net investment income tax (NIIT). This...
October 16, 2018
Individual Taxes: Distribution Tables by Percentile

T18-0185 - Tax Benefit of the Preferential Rates and Portion of the Net Investment Income Tax on Long-Term Capital Gains and Qualified Dividends, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2017

Distribution of the tax benefits of removing capital gains and qualified dividends from the base of the 3.8 percent net investment income tax (NIIT). This...
October 16, 2018
Individual Taxes: Distribution Tables by Dollar Income Class

T18-0186 - Tax Benefit of the Preferential Rates and Portion of the Net Investment Income Tax on Long-Term Capital Gains and Qualified Dividends, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Level, 2018

Distribution of the tax benefits of removing capital gains and qualified dividends from the base of the 3.8 percent net investment income tax (NIIT). This...
October 16, 2018
Individual Taxes: Distribution Tables by Percentile

T18-0187 - Tax Benefit of the Preferential Rates and Portion of the Net Investment Income Tax on Long-Term Capital Gains and Qualified Dividends, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2018

Distribution of the tax benefits of removing capital gains and qualified dividends from the base of the 3.8 percent net investment income tax (NIIT). This...
October 16, 2018
Individual Taxes: Distribution Tables by Dollar Income Class

T18-0188 - Tax Benefit of the Net Investment Income Tax, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Level, 2017

Distribution of the tax benefits of repealing the 3.8 percent net investment income tax (NIIT) enacted as part of the Affordable Care Act. Since the...
October 16, 2018