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Individual Taxes: Distribution Tables by Percentile

T17-0187 - Distribution of Major Tax Provisions in Discussion Draft Version of Better Care Reconciliation ACT (BCRA), Including Changes to Health Insurance Tax Credits, by Expanded Cash Income Percentile, 2026

Distribution of federal tax change from the repeal of the following Affordable Care Act (ACA) taxes in 2026: the 3.8 percent Net Investment Income Tax,...
July 11, 2017
Individual Taxes: Distribution Tables by Dollar Income Class

T17-0186 - Distribution of Major Tax Provisions in Discussion Draft Version of Better Care Reconciliation ACT (BCRA), Including Changes to Health Insurance Tax Credits, by Expanded Cash Income Level, 2026

Distribution of federal tax change from the repeal of the following Affordable Care Act (ACA) taxes in 2026: the 3.8 percent Net Investment Income Tax,...
July 11, 2017
State and Local Issues: TaxVox

More than Medicaid: The Full Cost of ACA Repeal and Replace for States

Congressional plans to repeal and replace the Affordable Care Act have governors worried – and with good reason. Although proposals continue to evolve, states stand...
July 11, 2017Tracy Gordon
Individual Taxes: Distribution Tables by Percentile

T17-0185 - Average Effective Federal Tax Rates for Elderly and Non-Elderly Tax Units, By Expanded Cash Income Income Percentile, 2017

Average effective tax rate for the following federal taxes under a current law baseline for elderly and non-elderly tax units for 2017, by income percentile:...
July 11, 2017
Individual Taxes: TaxVox

The Senate Leadership’s Health Plan Would Benefit High-Income Households, Hurt Those With Low Incomes

The changes in taxes and health care benefits in Senate Majority Leader Mitch McConnell’s alternative to the Affordable Care Act would leave lower-income households worse...
July 11, 2017Howard Gleckman
: Daily Deduction

Hard Choices Ahead

There could be a revised BCRA out this week, with a vote next week.
July 11, 2017Renu Zaretsky
State and Local Issues: TaxVox

Don’t Laugh at Illinois, Your State Could Be Next

A Midwestern state passing a budget is not typically front-page news in the New York Times . Then again, most states don't go 736 days...
July 10, 2017Richard C. AuxierKim S. Rueben
: Daily Deduction

Time keeps on ticking, ticking...

A back-room tax deal? The Wall Street Journal explains (paywall) how the fate of tax reform in the in the hands of six lawmakers.
July 10, 2017Renu Zaretsky
Just 0.18% of deaths triggered estate tax liabilities in 2013, down from a 1976 peak of 7.65%; this reflects larger estate tax exemptions.
July 10, 2017
Campaigns, Proposals, and Reforms: TaxVox

TPC Update Finds House GOP Tax Plan Would Slow Growth, Add Trillions To The Deficit

In an updated analysis, the Tax Policy Center estimates that t he House Republican leadership’s 2016 tax blueprint would reduce economic output by 0.5 percent...
July 6, 2017Howard Gleckman
: Daily Deduction

Baselines, Impasses and Extractions

Will the CBO change its score for ACA repeal? The Senate’s GOP leadership is pushing the Congressional Budget Office to revise its score of the Better Care Reconciliation Act.
July 5, 2017Renu Zaretsky
Individual Taxes: TaxVox

My Vacation in the Sharing Economy

Or: If it acts like a hotel, should it be taxed like a hotel?
My family did Airbnb last month. We rented a nice cottage in northern Michigan. The price was right and it was comfortable…except for the ants. There weren’t a lot, but enough that I emailed the home owner/ host. She never responded but we dealt with it. After all, our expectations weren’t as high as if it were a hotel. Our host was sharing her home and we had a friendly, casual relationship. Or did we? When does sharing for a fee morph into something more formal?
July 5, 2017Renu Zaretsky
Individual Taxes: TaxVox

Why Trump Might Want To Shift Towards The Child Tax Credit For Low-Income Families

President Trump, perhaps spurred on by his daughter Ivanka, wants to use the tax code to provide new government assistance to families with children. During...
July 5, 2017Elaine Maag
IRS collections in just 5 states -- California, Florida, Illinois, New York and Texas -- totaled $1.3 trillion in 2016, 39% of the US total.
July 3, 2017
: Daily Deduction

Out of town with no deal in sight.

Senate Republicans may keep an ACA tax or two.
June 30, 2017Renu Zaretsky
Individual Taxes: Working paper

A Synthetic Income Tax Return Data File: Tentative Work Plan and Discussion Draft

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 access to a small number of government analysts and select researchers. We propose to develop in
June 30, 2017Leonard E. BurmanAlex EnglerSurachai KhitatrakunJames R. NunnsSarah Armstrong
Federal Budget and Economy: Research report

Dynamic Analysis of the House GOP Tax Plan: An Update

This paper presents estimates of the macroeconomic effects, and resulting dynamic impact on revenues, of the House GOP tax plan announced in June 2016. The estimates were produced in two ways. One set of estimates uses a combination of TPC’s Keynesian model (to project short-run effects on output
June 30, 2017Benjamin R. Page
Individual Taxes: TaxVox

If The GOP Must Cut Taxes As Part of Its Health Plan, Why Not Help Middle-Income Households?

If The GOP Must Cut Taxes As Part of Its Health Plan, Why Not Help Middle-Income Households? Let’s say you want to cut about $1...
June 29, 2017Howard Gleckman
: Daily Deduction

Revisions, Windows, and Attacks

A better BCRA to the CBO tomorrow? Senate Majority Leader Mitch McConnell says he’ll send a revised Better Care Reconciliation Act to the Congressional Budget Office before Congress departs for its July 4 recess on Friday.
June 29, 2017Renu Zaretsky
: Daily Deduction

TBD: The fate of the ACA

Repeal and Replace: Sooner or later. Or just later. The GOP-led Senate does not have enough votes to pass the Better Care Reconciliation Act, its version of the House’s American Health Care Act.
June 28, 2017Renu Zaretsky
Individual Taxes: TaxVox

Why The Senate Leadership's Tax Plan Would Lose Less Revenue Than The House Bill

The Senate Republican leadership’s health plan loses about $300 billion less revenue than the House-passed health bill. Yet, most of the tax cuts in the...
June 27, 2017Howard Gleckman
: Daily Deduction

The Senate Health Bill’s Tax and Coverage Cuts

CBO scores the coverage reductions. The Congressional Budget Office projects that 22 million more people would be uninsured by 2026 under the draft Senate bill. The plan’s tax cuts would cut federal revenues by about $700 billion over 10 years but reduce the deficit by about $300 billion over the period.
June 27, 2017Renu Zaretsky
Individual Taxes: Distribution Tables by Percentile

T17-0184 - Distribution of Major Tax Provisions in Discussion Draft Version of Better Care Reconciliation ACT (BCRA), Excluding Changes to Health Insurance Tax Credits, by Expanded Cash Income Percentile, 2026

Distribution of federal tax change from the repeal of the following Affordable Care Act (ACA) taxes in 2026: the 3.8 percent Net Investment Income Tax,...
June 26, 2017
Individual Taxes: Distribution Tables by Dollar Income Class

T17-0183 - Distribution of Major Tax Provisions in Discussion Draft Version of Better Care Reconciliation ACT (BCRA), Excluding Changes to Health Insurance Tax Credits, by Expanded Cash Income Level, 2026

Distribution of federal tax change from the repeal of the following Affordable Care Act (ACA) taxes in 2026: the 3.8 percent Net Investment Income Tax,...
June 26, 2017
Federal Budget and Economy: TaxVox

The Senate Leadership’s Health Bill Is A Big Tax Cut, Especially For The Top One Percent

Much like the House-passed American Health Care Act (AHCA), the Senate leadership’s health bill includes a huge tax cut that mostly benefits the nation’s highest-income...
June 26, 2017Howard Gleckman

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