Number and percent of taxpayers affected by the AMT; AMT revenue per AMT taxpayer; AMT revenue as a percentage of all individual income tax revenue;...
The US tax system provides a deduction for charitable giving, but only for the 25 percent of taxpayers who itemize deductions on their tax returns. Accordingly, advocates for the charitable sector have at times proposed to extend a deduction to itemizers and nonitemizers alike. Today these
Hillary Clinton has proposed two important changes to the child tax credit (CTC). The first would phase in the credit starting with the first dollar...
The Tax Policy Center, with the help of the Penn-Wharton Budget Model (PWBM), found that in the short-run Hillary Clinton’s tax increases would slow the...
Incorporating the macroeconomic effects of the tax plans of Hillary Clinton and Donald Trump has little effect on their revenue implications, according to updated analyses...
This brief analyzes seven options for Child Tax Credit reform that would (1) make the CTC more consistent with other parts of the tax code; (2) target additional benefits to young children; or (3) broadly increase the credit for most current recipients.
This paper analyzes presidential candidate Donald Trump’s revised tax proposal, which would significantly reduce marginal tax rates, increase standard deduction amounts, repeal personal exemptions, cap itemized deductions, and allow businesses to elect to expense new investment and not deduct
This paper updates an analysis of Hillary Clinton’s tax proposals, which would raise taxes on high-income taxpayers, increase the child tax credit, modify taxation of multinational corporations, reform capital gains taxes, and increase estate and gift taxes. Her proposals would increase revenue by
Tax policy is one of the most challenging and controversial components of state governance. Determining how and from whom to collect revenue involves questions of equity, fairness, efficiency, and simplicity. As a result, states often create special tax commissions before attempting major tax
Nearly all state tax commissions—independent groups that study and make recommendations for improving a state’s tax system—are tasked with improving economic development within the state. Their report introductions include phrases such as “growth-friendly,” “unleash innovation,” and “optimum
Yesterday’s presentation by Donald Trump's economic adviser, Peter Navarro, at the Tax Policy Center’s discussion of the presidential candidate tax plans reminded me of a...
Hillary Clinton and Donald Trump have proposed starkly different tax plans. Trump would cut taxes dramatically, especially for businesses and high-income households, to boost saving,...
Hillary Clinton and Donald Trump have proposed major changes to US tax policy, but they have dramatically different visions of what the tax code should...
The individual income tax has never taxed the very wealthy much. Donald Trump may have claimed huge losses starting in the early-1990s, but, like other...
Two new Tax Policy Center reports quantify the dramatic contrast between the latest tax plans of Hillary Clinton and Donald Trump. Clinton has proposed a...
Effective marginal individual income tax rate, and individual income plus payroll tax rate, on wages and salaries under current law and Secretary Clinton's revised tax...
