Individual Taxes: Distribution Tables by Percentile

T17-0104 - Distribution of Federal Payroll and Income Taxes by Expanded Cash Income Percentile, 2017

A comparison of the distribution of federal individual income taxes and payroll taxes under current law for 2017. Table also shows, by income percentile, the...
April 18, 2017
Individual Taxes: Distribution Tables by Percentile

T17-0105 - Distribution of Federal Payroll and Income Taxes by Expanded Cash Income Percentile, 2018

A comparison of the distribution of federal individual income taxes and payroll taxes under current law for 2018. Table also shows, by income percentile, the...
April 18, 2017
Individual Taxes: Distribution Tables by Percentile

T17-0106 - Distribution of Federal Payroll and Income Taxes by Expanded Cash Income Percentile, 2019

A comparison of the distribution of federal individual income taxes and payroll taxes under current law for 2019. Table also shows, by income percentile, the...
April 18, 2017
Individual Taxes: Distribution Tables by Percentile

T17-0107 - Distribution of Federal Payroll and Income Taxes by Expanded Cash Income Percentile, 2020

A comparison of the distribution of federal individual income taxes and payroll taxes under current law for 2020. Table also shows, by income percentile, the...
April 18, 2017
Individual Taxes: Distribution Tables by Percentile

T17-0108 - Distribution of Federal Payroll and Income Taxes by Expanded Cash Income Percentile, 2027

A comparison of the distribution of federal individual income taxes and payroll taxes under current law for 2027. Table also shows, by income percentile, the...
April 18, 2017
Campaigns, Proposals, and Reforms: TaxVox

The Public Does Not Seem to be Clamoring for a Tax Cut

Just as politicians and pundits are talking more about a tax cut and less about tax reform, the public seems happier with...
April 18, 2017Howard Gleckman
: Daily Deduction

Happy Tax Day Eve!

Protesters tell the President, “We care.” Thousands took to the streets in dozens of cities in a “Tax Day March” on Saturday.
April 17, 2017Renu Zaretsky
In 2014, around 70 percent of taxpayers faced marginal tax rates of 15 percent or lower.
April 17, 2017
Business Taxes: TaxVox

President Trump’s Ever-Evolving Views on International Taxes

In an interview yesterday with Maria Bartiromo of Fox Business, President Trump suggested he’d propose a “reciprocal tax” on foreign imports. It is not clear...
April 13, 2017Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Is the Public Ready to Get on Board with Tax Reform? Not So Much

So far, the early debate over a 2017 tax bill has been an inside-the-Beltway game. Just consider the flap over the Border Adjustable Tax (BAT),...
April 10, 2017Howard Gleckman
: Daily Deduction

A good deal is hard to find.

Tax Reform: When? August may be too soon. Gary Cohn, National Economic Council Director, told Bloomberg that while taxes are a priority, “Getting it done well and getting it done right is more important than getting it done soon...
April 10, 2017Renu Zaretsky
In 1970 the original minimum tax collected $122 million from just 19,000 taxpayers; in 2016, 4.7 million taxpayers will pay AMT.
April 10, 2017
Business Taxes: TaxVox

The White House’s (Very Brief) Flirtation with a Market-Based Solution to Climate Change

For a brief shining moment the other day, it looked as if the Trump Administration was considering a carbon tax. Combined with its aggressive effort...
April 7, 2017Howard Gleckman
Individual Taxes: Lubick Symposium

Tax Day Headaches: Public Understanding of the Tax Code and Perceptions of “Fairness”

America’s tax system is notoriously complex. It creates difficulties for the government in its efforts to administer the system and enforce compliance, and it creates...
April 7, 2017
: Daily Deduction

Absence (of a tax plan) makes the heart grow fonder?

In case you were wondering, major legislation remains stalled.
April 7, 2017Renu Zaretsky
: Daily Deduction

Resistance, Persistence, and Influence

Over There, Over There… Advocates for US citizens living abroad are pushing to repeal the Foreign Account Tax Compliance Act.
April 6, 2017Renu Zaretsky
Individual Taxes: TaxVox

What's Happened to the ACA Penalty Tax?

With less than two weeks to go before Americans must file their 2016 federal income tax returns, those who didn’t have required health insurance coverage...
April 5, 2017Roberton C. Williams
Individual Taxes: TaxVox

Strange Love: Or, how I learned to stop complaining and like the tax code

We spent the better part of a beautiful, sunny weekend working on our taxes. We were among friends, if social media offers any indication: So many Facebook posts, so many sad or angry emojis expressing resignation or frustration.
April 5, 2017Renu Zaretsky
: Daily Deduction

Tax Revenues: Up, Down, All Around

New sources of revenue in the White House tax plan? A value-added tax and a carbon tax could allow President Trump to cut other taxes dramatically, and White House officials have confirmed that both options are under consideration.
April 5, 2017Renu Zaretsky
Federal Budget and Economy: Research report

Dynamic Analysis of Tax Plans: An Update

This paper gives an overview of the TPC’s methodology for dynamic analysis of tax proposals. Following the practice of official government estimators, we use a Keynesian model to estimate the short-term effects of policy changes on output relative to its full-employment level. That model assumes
April 5, 2017Benjamin R. PageKent Smetters
Federal Budget and Economy: Research report

An Analysis of the House GOP Tax Plan

This research report was originally published by the Columbia Journal of Tax Law . The publication is updated version of, " An Analysis of the House GOP Tax Plan ", published by the Tax Policy Center in September. This paper analyzes the House GOP tax reform blueprint, which would significantly
April 5, 2017Leonard E. BurmanJames R. NunnsBenjamin R. PageJeffrey RohalyJoseph Rosenberg
: Daily Deduction

It’s the waiting that’s the hardest part.

Will Congress make it harder for the IRS to seize some taxpayers’ assets?
April 4, 2017Renu Zaretsky
Individual Taxes: TaxVox

A Trump Crack Down on Legal Marijuana Would Hurt State Budgets

If the Trump administration ends legal marijuana sales in America, an idea Attorney General Jeff Sessions supports , states collectively could lose billions of dollars...
April 4, 2017Richard C. Auxier
Federal Budget and Economy: TaxVox

Washington’s New Definition Of Budget Success

The country is now living under a stopgap spending measure called a continuing resolution. Roughly speaking, it continues the 2016 level and pattern of appropriated...
April 3, 2017Rudolph G. Penner
: Daily Deduction

You’re once, twice, three times a tax plan…

If at first you don’t succeed… Politico reports that the Trump Administration is developing its third tax plan in a year.
April 3, 2017Renu Zaretsky