Business Taxes: Research report

Charitable Contributions of Conservation Easements

A tax deduction intended to encourage conservation of environmentally important land and historic buildings has become a lucrative way for real estate developers to finance development projects—cheating the government out of billions of dollars of revenue and in some cases doing little to advance
June 1, 2017Adam Looney
Individual Taxes: Brief

Abuse of tax deductions for charitable donations of conservation lands are on the rise

This brief discusses the abuse of tax deductions intended to encourage conservation of environmentally friendly land and historic buildings. This abuse is on the rise and a key policy question is whether this tax expenditure represents a good return on the scarce dollars the federal government uses
June 1, 2017Adam Looney
Individual Taxes: TaxVox

Why Repealing the State And Local Tax Deduction Is So Hard

If you want to know how hard it will be for the Trump Administration and the House GOP leadership to pass a tax bill that...
May 30, 2017Howard Gleckman
: Daily Deduction

The Short, Fast Summer

What can Congress do in its remaining 31 days before its August recess?
May 30, 2017Renu Zaretsky
In 2016, 25 states and the District of Columbia had a state-level EITC and 23 of these set it at a fixed percentage of the federal EITC.
May 29, 2017
: TaxVox

Tax Reform Isn’t Just About Revenue but Health Insurance, Housing, and More

Taxes aren’t just about raising money for government. Policymakers engaging in tax reform must recognize how their decisions can disrupt markets for a wide range...
May 26, 2017C. Eugene Steuerle
: Daily Deduction

“Oh the plans, they are a changin’…”

The President’s tax plan: Taking shape or shape shifting?
May 26, 2017Renu Zaretsky
: Daily Deduction

“You say yes, I say no…”

"You say stop, and I say go." CBO’s new cost estimate of the American Health Care Act isn’t much better than the last one.
May 25, 2017Renu Zaretsky
Individual Taxes: Research report

Income Volatility: New Research Results with Implications for Income Tax Filing and Liabilities

Income volatility may complicate tax filing and predicting eligibility for critical tax benefits, such as the earned income tax credit. Half of all working-age adults¬—and 64 percent of low-income, working-age adults—have household income that for at least one month of the year will spike above or
May 25, 2017Elaine MaagH. Elizabeth PetersAnthony HannaganCary Lou
Individual Taxes: Speech

Understanding Child Care Subsidies in the Tax System

Statement of Elaine Maag, Senior Research Associate at the Urban-Brookings Tax Policy Center, before the Democratic Women’s Working Group on May 24th, 2017.
May 25, 2017Elaine Maag
Campaigns, Proposals, and Reforms: TaxVox

New CBO AHCA Score Confirms What We Already Knew

Meet the new estimate of the American Health Care Act (AHCA). It looks a lot like the old one . On May 24, the Congressional...
May 24, 2017Mark J. Mazur
: Daily Deduction

“Every limbo boy and girl all around the limbo world…”

“First you spread your limbo feet.” TPC’s Howard Gleckman explains how President Trump’s budget proposal hangs together without falling over.
May 24, 2017Renu Zaretsky
Federal Budget and Economy: TaxVox

Trump's Can Opener Budget

You know the old joke: An economist and a seaman are stranded on a desert island with only canned food to eat. But they have...
May 23, 2017Howard Gleckman
: Daily Deduction

Cuts, Courts, and China

The President’s Budget: Reports of deep, huge cuts.
May 23, 2017Renu Zaretsky
In 2017, state sales tax rates ranged from 2.9 percent in Colorado to 7.25 percent in California.
May 22, 2017
: Daily Deduction

Collections, Decisions, and Profits

State income tax collections are down all over.
May 22, 2017Renu Zaretsky
: Daily Deduction

Budgets, Scores, and Permanence

Budget blues on the horizon?
May 19, 2017Renu Zaretsky
: Daily Deduction

Distribution, Deductibility, and Design

Finance panel Democrats press Mnuchin on taxes.
May 18, 2017Renu Zaretsky
State and Local Issues: TaxVox

A Tale of Two Tax Triggers

Oklahoma is running a nearly $1 billion budget deficit. The District of Columbia (DC) is enjoying a surplus. Yet both might kill scheduled tax cuts...
May 17, 2017Richard C. Auxier
: Daily Deduction

Tax Reform’s Future: Revenue-Neutral, Simple, and Uncertain

No BAT, no deficit-busting, “pump priming” tax reform, says Senator McConnell.
May 17, 2017Renu Zaretsky
The IRS estimates that 86 percent of taxpayers filed their federal individual income tax returns electronically in 2016, up from 66 percent in 2009.
May 16, 2017
: Daily Deduction

Tax Reform Fights and Forfeits

The price of a low tax rate on pass-throughs: Both President Trump and the House Republican leadership have proposed cutting the tax rate on partnerships, sole proprietorships, and other pass-through businesses. In a new report, TPC analyzed several variations...
May 16, 2017Renu Zaretsky
Business Taxes: Brief

Options to Reduce the Taxation of Pass­‐through Income

The Trump administration and House Republicans are developing proposals that would reduce the individual income tax rate on income earned through pass-through entities such as sole proprietorships, partnerships, and S-corporations. To analyze the impact of reducing the individual income tax rate on
May 16, 2017Jeffrey RohalyJoseph RosenbergEric Toder
Individual Taxes: Revenue Tables

T17-0171 - Revenue Effects of Options to Expand the Child and Dependent Care Tax Credit, Baseline: Current Law, 2017-2026

Table shows the revenue effects of various options to expand the Child and Dependent Care Tax Credit for calendar years 2017-2026. Baseline is current law.
May 15, 2017
Individual Taxes: Distribution Tables by Dollar Income Class

T17-0172 - Distributional Effects of Making the Child and Dependent Care Tax Credit Refundable, Baseline: Current Law, by Expanded Cash Income Level, 2017

Table shows the distributional effects of making the Child and Dependent Care Tax Credit refundable by Expanded Cash Income level in 2017. The baseline is...
May 15, 2017