Individual Taxes: Distribution Tables by Percentile

T17-0267 - Repeal Medical Expenses Deduction, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2018

Tables show the distributional effect by expanded cash income percentile of repealing the medical expenses deduction in 2018
November 16, 2017
Campaigns, Proposals, and Reforms: TaxVox

The House Ways and Means Tax Bill Would Raise the National Debt to 123 percent of GDP by 2037

The Tax Policy Center estimates that the House Ways and Means Committee’s version of the Tax Cut and Jobs Act (TCJA) would increase the ratio...
November 16, 2017Eric Toder
: TaxVox

Repealing The Estate Tax Could Allow Heirs Of The Very Wealthy To Avoid Tax On Capital Gains

he House is expected to vote today to reduce, then repeal the estate tax. The tax currently applies to only about 5,000 of the nation’s...
November 16, 2017Robert McClelland
: TaxVox

The House Tax Bill Would Simplify Higher Ed Subsidies, But The Price Would Be Higher Costs For Many

The House Ways & Means Committee version of the Tax Cuts and Jobs Act (TCJA) rightly aims to simplify a complex system of tax subsidies...
November 16, 2017Kim S. RuebenGordon B. Mermin
: Daily Deduction

TCJA: So much action!

The House and Senate tax bills move along. The Senate Finance Committee continues to slog through its ever-changing version of the Tax Cuts and Jobs Act.
November 16, 2017Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox

Chairman Hatch’s Newest Tax Bill: Let’s Call (Almost) The Whole Thing Off

Late last night, Senate Finance Committee Chair Orrin Hatch (R-UT) revealed his revised version of the Tax Cuts and Jobs Act, which the panel will...
November 15, 2017Howard Gleckman
Individual Taxes: Other Tables

T17-0265 - Effective Marginal Tax Benefit of Charitable Contributions Under Current Law and House Bill: H.R.1, The Tax Cuts and Jobs Act, as Ordered Reported by Committee on Ways and Means; By Expanded Cash Income Percentile, 2018

Table shows the effective marginal tax benefit of charitable contributions by expanded cash income percentile in 2018 under both current law and House Bill H.R.1,...
November 15, 2017
: TaxVox

The House Tax Bill Is Not Very Charitable to Nonprofits

Even though the House version of the Tax Cuts and Jobs Act (TCJA) preserves the charitable income tax deduction, other income tax provisions of the...
November 15, 2017Joseph RosenbergPhilip Stallworth
: Daily Deduction

A Disappearing TCJ Act?

Now you see it... Senate Finance Committee Chairman Orrin Hatch has come up with his solution to his tax bill's Byrd rule problem.
November 15, 2017Renu Zaretsky
Campaigns, Proposals, and Reforms: Research report

The Tax Reform Trade-off: Eliminating Tax Expenditures, Reducing Rates (Part 2)

In Part 1 of this exercise, TPC estimated the revenue and distributional effects of proposals that wouldeliminate almost all income tax expenditures to lower individual and corporate tax rates and maintain long-run revenue neutrality for the Federal tax system. The results of Part 1 showed that
November 15, 2017TPC Staff
: TaxVox

A Bubble with a Bite: The House Tax Bill Implies a 49.4 Percent Top Effective Tax Rate

Later this week, the House will vote on its version of the Tax Cuts and Jobs Act (TCJA). The bill advertises a top individual income...
November 14, 2017William G. Gale
: TaxVox

Many Families with Children Won’t Be Helped By The House Version Of The Tax Cuts And Jobs Act

President Trump and House Republicans promised families a significant increase in the Child Tax Credit (CTC) . The House Ways & Means Committee’s Tax Cuts...
November 14, 2017Elaine Maag
: Daily Deduction

TCJA: Threading the needle to plow through

TPC updated its distributional analysis of the House bill. It finds the bill looks very much like Chairman Kevin Brady’s original version.
November 14, 2017Renu Zaretsky
Individual Taxes: Other Tables

T17-0260 - Effective Marginal Individual Income Tax Rates (EMTR) on Capital Income Under Current Law and House Bill: H.R.1, The Tax Cuts and Jobs Act as Ordered Reported by Committee on Ways and Means By Expanded Cash Income Percentile, 2018

Table shows the effect marginal tax rates on capital income under current law and the House Tax Cuts and Jobs Act as passed by Ways...
November 13, 2017
Individual Taxes: Other Tables

T17-0261 - Effective Marginal Individual Income Tax Rates (EMTR) on Wages and Salaries Under Current Law and House Bill: H.R.1, The Tax Cuts and Jobs Act as Ordered Reported by Committee on Ways and Means By Expanded Cash Income Level, 2027

Table shows the effect marginal tax rates on wages and salaries under current law and the House Tax Cuts and Jobs Act as passed by...
November 13, 2017
Individual Taxes: Other Tables

T17-0262 - Effective Marginal Individual Income Tax Rates (EMTR) on Wages and Salaries Under Current Law and House Bill: H.R.1, The Tax Cuts and Jobs Act as Ordered Reported by Committee on Ways and Means By Expanded Cash Income Percentile, 2027

Table shows the effect marginal tax rates on wages and salaries under current law and the House Tax Cuts and Jobs Act as passed by...
November 13, 2017
Individual Taxes: Other Tables

T17-0263 - Effective Marginal Individual Income Tax Rates (EMTR) on Capital Income Under Current Law and House Bill: H.R.1, The Tax Cuts and Jobs Act as Ordered Reported by Committee on Ways and Means By Expanded Cash Income Level 2027

Table shows the effect marginal tax rates on capital income under current law and the House Tax Cuts and Jobs Act as passed by Ways...
November 13, 2017
Individual Taxes: Other Tables

T17-0264 - Effective Marginal Individual Income Tax Rates (EMTR) on Capital Income Under Current Law and House Bill: H.R.1, The Tax Cuts and Jobs Act as Ordered Reported by Committee on Ways and Means By Expanded Cash Income Percentile, 2027

Table shows the effect marginal tax rates on capital income under current law and the House Tax Cuts and Jobs Act as passed by Ways...
November 13, 2017
Individual Taxes: Distribution Tables by Dollar Income Class

T17-0255 - Major Provisions in House Bill: H.R. 1, The Tax Cuts and Jobs Act as Ordered Reported by the Committee on Ways and Means; Tax Units with a Tax Increase or Tax Cut, by Expanded Cash Income Level, 2027; Baseline: Current Law

Table shows tax units with a tax increase or tax cut under the major provision in the House Tax Cuts and Jobs Act as passed...
November 13, 2017
Individual Taxes: Distribution Tables by Percentile

T17-0256 - Major Provisions in House Bill: H.R. 1, The Tax Cuts and Jobs Act as Ordered Reported by the Committee on Ways and Means; Tax Units with a Tax Increase or Tax Cut, by Expanded Cash Income Percentile, 2027; Baseline: Current Law

Table shows tax units with a tax increase or tax cut under the major provision in the House Tax Cuts and Jobs Act as passed...
November 13, 2017
Individual Taxes: Other Tables

T17-0257 - Effective Marginal Individual Income Tax Rates (EMTR) on Wages and Salaries Under Current Law and House Bill: H.R.1, The Tax Cuts and Jobs Act as Ordered Reported by Committee on Ways and Means By Expanded Cash Income Level, 2018

Table shows the effect marginal tax rates on wages and salaries under current law and the House Tax Cuts and Jobs Act as passed by...
November 13, 2017
Individual Taxes: Other Tables

T17-0258 - Effective Marginal Individual Income Tax Rates (EMTR) on Wages and Salaries Under Current Law and House Bill: H.R.1, The Tax Cuts and Jobs Act as Ordered Reported by Committee on Ways and Means By Expanded Cash Income Percentile, 2018

Table shows the effect marginal tax rates on wages and salaries under current law and the House Tax Cuts and Jobs Act as passed by...
November 13, 2017
Individual Taxes: Other Tables

T17-0259 - Effective Marginal Individual Income Tax Rates (EMTR) on Capital Income Under Current Law and House Bill: H.R.1, The Tax Cuts and Jobs Act as Ordered Reported by Committee on Ways and Means By Expanded Cash Income Level 2018

Table shows the effect marginal tax rates on capital income under current law and the House Tax Cuts and Jobs Act as passed by Ways...
November 13, 2017
Individual Taxes: Distribution Tables by Dollar Income Class

T17-0251 - House Bill: H.R. 1, The Tax Cuts and Jobs Act, As Ordered Reported by the Committee on Ways and Means; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Level, 2027

Tables show the distributional results of the House Tax Cuts and Jobs Act as passed by Ways and Means Committee by Expanded Cash Income Level...
November 13, 2017
Individual Taxes: Distribution Tables by Percentile

T17-0252 - House Bill: H.R. 1, The Tax Cuts and Jobs Act, As Ordered Reported by the Committee on Ways and Means; Baseline: Current Law; Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2027

Tables show the distributional results of the House Tax Cuts and Jobs Act as passed by Ways and Means Committee by Expanded Cash Income Percentile...
November 13, 2017