Individual Taxes: Distribution Tables by Dollar Income Class

T16-0157 - Tax Benefit of Education credits and Student Loan Interest Deduction by Expanded Cash Income Level, 2016

Distribution of the combined tax benefits of the education credits (Lifetime Learning Credit and American Opportunity Tax Credit) and the deduction for student loan interest...
August 16, 2016
Individual Taxes: Distribution Tables by Percentile

T16-0162 - Tax Benefit for the Deduction and Refund for State and Local Taxes by Expanded Cash Income Percentile, 2016

Distribution of the tax benefits of the itemized deduction for state and local taxes (net of state and local refunds), by income percentile under current...
August 16, 2016
Individual Taxes: TaxVox

Giving Olympians A Special Tax Break Wins The Gold Medal Of Bad Ideas

It is the season of Olympic madness. No, not cheering over the dramatic finish of the women’s 400 meter sprint. That would make sense. Rather,...
August 16, 2016Howard Gleckman
: Daily Deduction

Boring Returns, Toothless Policy

GOP vice presidential nominee says he’ll release his tax returns.
August 15, 2016Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox

What Clinton’s 2015 Income Tax Return Tells Us

Hillary Clinton released her 2015 individual income tax return today.
August 12, 2016Leonard E. Burman
Individual Taxes: TaxVox

Federal Taxes Are Very Progressive

The US federal tax system is highly progressive, primarily because individual income tax rates rise sharply with income and refundable tax credits lead to negative...
August 11, 2016Roberton C. Williams
Individual Taxes: TaxVox

The rise and fall of itemized deductions

This post is part of the Tax Policy Center’s new series, Tax Line , which digs into the data behind the day’s most pressing tax...
August 10, 2016Chenxi Lu
Federal Budget and Economy: TaxVox

Making America's debt great again

Donald Trump has put forth some really novel (and poor) ideas – his immigration and trade policies come to mind. His tax reform ideas are...
August 10, 2016William G. GaleHilary GelfondAaron Krupkin
Individual Taxes: TaxVox

Trump’s Child Care Tax Break Unlikely to Help Most Families

Lest you’re worried that Donald Trump doesn’t like babies, he’s come out with a proposal he says will reduce the cost of their care.
August 8, 2016Elaine Maag
: Daily Deduction

Candidates Talk, The Chamber Balks

The Republican and Democratic presidential candidates will share their economic plans this week in Detroit.
August 8, 2016Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox

The wide tax gulf between Mitt Romney and Donald Trump

As anyone can attest, the 2016 presidential election is very different from the 2012 race. One less obvious contrast is between the tax plans of...
August 4, 2016Yifan Powers
Campaigns, Proposals, and Reforms: TaxVox

"I was framed!" Or, the Case of the Tax Policy Overpowered by Words

The other day, a Daily Deduction reader asked why I used the phrase “tax relief” as a synonym for “tax cuts.” He suggested that “relief” is a loaded term that implies taxes are too high and therefore bad, and that tax cuts, in turn, are good. That hadn’t occurred to me.
August 3, 2016Renu Zaretsky
Business Taxes: Commentary

U.S. News & World Report Op-ed: “A Way Forward on Corporate Tax Reform”

Our corporate tax system must change in order to survive in today's globalized economy.
Eric Toder and Alan Viard describe the need for corporate tax reform in this U.S. News & World Report opinion editorial.
August 2, 2016Eric ToderAlan Viard
Campaigns, Proposals, and Reforms: TaxVox

Being IRS Commissioner Shouldn't Be Mission Impossible

The 2016 Republican Party platform demands that Congress impeach and convict Internal Revenue Service (IRS) Commissioner John Koskinen. His “high crimes and misdemeanors” primarily consist...
August 1, 2016Leonard E. Burman
: Daily Deduction

Ninety-eight More Days!

Just over three months till Election Day: Plenty of time to study candidates’ tax plans!
August 1, 2016Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox

Two very different paths on taxes: Clinton vs. Trump

Hillary Clinton and Donald Trump have proposed dramatically different tax plans. Clinton wants to raise taxes on high-income households and businesses to boost revenue and pay for new social initiatives.
July 28, 2016Richard C. Auxier
Campaigns, Proposals, and Reforms: TaxVox

How would Clinton’s tax proposals affect different taxpayers?

Democratic presidential nominee Hillary Clinton’s tax proposals would raise $1 trillion over the coming decade—and nearly all of it would come from high-income households.
July 27, 2016Richard C. Auxier
Campaigns, Proposals, and Reforms: TaxVox

Kaine's tax record reflects Clinton's present and possibly future

Tim Kaine, Hillary Clinton’s choice for vice president, served as governor of Virginia from 2006 to 2010 (the state has a one-term limit). During his...
July 27, 2016Richard C. Auxier
State and Local Issues: Brief

What Do State Economic Agencies Do?

States spend billions of dollars every year on economic development activities that range from recruiting new businesses to helping local businesses expand. At the heart of each state’s economic development strategy is an agency, department, or government-supported nonprofit that coordinates the
July 27, 2016Norton Francis
Campaigns, Proposals, and Reforms: TaxVox

Taxes Are Not a Thing for Democrats This Year

Taxes are just not a thing for Democrats in this election season. The most remarkable take-away from reading the tax plank of the 2016 Democratic...
July 26, 2016Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Clinton wants to change capital gains taxes

In an effort to encourage investors and businesses to think long-term, Hillary Clinton has proposed changing how we tax capital gains .
July 26, 2016Richard C. Auxier
Individual Taxes: Distribution Tables by Percentile

T16-0140 - Tax Benefit of the Child Tax Credit and the Personal Exemption for Dependents under 18, by Expanded Cash Income Percentile, 2014

Distribution of benefits of the child tax credit and the exemption for dependents under 18. Estimates are shown by income percentile for 2014.
July 25, 2016
Individual Taxes: Distribution Tables by Dollar Income Class

T16-0135 - Tax Benefit of the Child Tax Credit, by Expanded Cash Income Level, 2014

Distribution of benefits of the child tax credit. Estimates are shown by income level for 2014.
July 25, 2016
Individual Taxes: Distribution Tables by Percentile

T16-0136 - Tax Benefit of the Child Tax Credit, by Expanded Cash Income Percentile, 2014

Distribution of benefits of the child tax credit. Estimates are shown by income percentile for 2014.
July 25, 2016
Individual Taxes: Distribution Tables by Dollar Income Class

T16-0137 - Tax Benefit of the Personal Exemption for Dependents under 18, by Expanded Cash Income Level, 2014

Distribution of benefits of the exemption for dependents under 18. Estimates are shown by income level for 2014.
July 25, 2016