Individual Taxes: TaxVox

If Banning Negligent Low-Income Households From Taking Tax Credits Is Such a Great Idea, Why Stop With Them?

Congress has banned more low-income families who file erroneous tax returns from receiving refundable credits. If lawmakers think this is such a terrific idea, why stop at low-income households? For instance, why shouldn’t Congress bar trade associations from claiming tax-exempt status if they file
January 7, 2016Howard Gleckman
Individual Taxes: TaxVox

The Case of Tax Scams, Private Debt Collectors, and Wishful Thinking

Tax season starts in just under two weeks. And for the fourth year in a row, my sister, who kept her Hindi surname when she...
January 5, 2016Renu Zaretsky
Federal Budget and Economy: TaxVox

What Can Congress and President Obama Accomplish in 2016?

Can Congress and President Obama, who have battled over policy for seven years, reach consensus over key tax and other issues in the months leading up to the 2016 election? To ask the question is practically to answer it, but it is worth taking a closer look at the policy dynamics. Start by
January 4, 2016Howard Gleckman
: Daily Deduction

Expansions, Approvals, Errors, and Settlements

Congress is in recess. The Daily Deduction publishes on Mondays until Congress returns. Happy New Year. In Maine, the state’s sales tax expands. As of New Year’s Day, the 5.5 percent levy applies to foods found in most gas stations and convenience stores—like granola bars, potato chips, beef jerky
January 4, 2016Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox

What you can learn about the tax policies of governors running for president

My Tax Policy Center colleague Harvey Galper recently explained why it is important to pay attention to the tax proposals of presidential candidates. While the plans do not always turn into law (at least not exactly as proposed) the ideas tell us a lot about a candidate's priorities. When it comes
December 30, 2015Richard C. Auxier
Campaigns, Proposals, and Reforms: TaxVox

Five Questions to Ask When You Look at a Presidential Candidate’s Tax Plan

I recently suggested that voters look seriously at the tax proposals being touted by presidential candidates, even though those plans have little chance of ever becoming law as proposed. But what should those voters look for as they sort through these complex ideas? Here are five questions you
December 29, 2015Harvey Galper
: Daily Deduction

Bans, Subsidies, Searches, and Bubbles

Congress is in recess. The Daily Deduction will be back next Monday and return to its regular schedule when Congress returns. Happy New Year! An EITC ban now extends to other credits—but can the IRS administer it? The IRS can ban a taxpayer from claiming the Earned Income Tax Credit for two years
December 28, 2015Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox

Trump Would Slash Taxes for the Top 0.1 Percent By An Average of $1.3 Million, Add Nearly $10 Trillion to the Debt

Donald Trump’s tax plan would add $9.5 trillion to the national debt from 2016 to 2026 and another $15 trillion in the following decade (before added interest), according to a new analysis by the Tax Policy Center. Nearly all households would get a tax cut under the plan, averaging about $5,100 in
December 22, 2015Howard Gleckman
Campaigns, Proposals, and Reforms

T15-0244 - Effective Marginal Individual Income Tax Rates (EMTR) On Capital Income, Under Current Law and Donald Trump's Tax Reform Proposal, By Expanded Cash Income Level, 2025

NOTE: As of October 18, 2016 TPC has updated the analysis of Donald Trump's tax plan .
December 22, 2015
Campaigns, Proposals, and Reforms

T15-0243 - Effective Marginal Individual Income Tax Rates (EMTR) On Capital Income, Under Current Law and Donald Trump's Tax Reform Proposal, By Expanded Cash Income Percentile, 2025

NOTE: As of October 18, 2016 TPC has updated the analysis of Donald Trump's tax plan .
December 22, 2015
Campaigns, Proposals, and Reforms

T15-0242 - Effective Marginal Tax Rates (EMTR) On Wages and Salaries, Under Current Law and Donald Trump's Tax Reform Proposal, By Expanded Cash Income Level, 2025

NOTE: As of October 18, 2016 TPC has updated the analysis of Donald Trump's tax plan .
December 22, 2015
Campaigns, Proposals, and Reforms

T15-0241 - Effective Marginal Tax Rates (EMTR) On Wages and Salaries, Under Current Law and Donald Trump's Tax Reform Proposal, By Expanded Cash Income Percentile, 2025

NOTE: As of October 18, 2016 TPC has updated the analysis of Donald Trump's tax plan .
December 22, 2015
Campaigns, Proposals, and Reforms

T15-0240 - Effective Marginal Individual Income Tax Rates (EMTR) On Capital Income, Under Current Law and Donald Trump's Tax Reform Proposal, By Expanded Cash Income Level, 2017

NOTE: As of October 18, 2016 TPC has updated the analysis of Donald Trump's tax plan .
December 22, 2015
Campaigns, Proposals, and Reforms

T15-0239 - Effective Marginal Individual Income Tax Rates (EMTR) On Capital Income, Under Current Law and Donald Trump's Tax Reform Proposal, By Expanded Cash Income Percentile, 2017

NOTE: As of October 18, 2016 TPC has updated the analysis of Donald Trump's tax plan .
December 22, 2015
Campaigns, Proposals, and Reforms

T15-0238 - Effective Marginal Tax Rates (EMTR) On Wages and Salaries, Under Current Law and Donald Trump's Tax Reform Proposal, By Expanded Cash Income Level, 2017

December 22, 2015
Campaigns, Proposals, and Reforms

T15-0237 - Effective Marginal Tax Rates (EMTR) On Wages and Salaries, Under Current Law and Donald Trump's Tax Reform Proposal, By Expanded Cash Income Percentile, 2017

December 22, 2015
Campaigns, Proposals, and Reforms

T15-0236 - Donald Trump's Tax Reform Plan, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2025

December 22, 2015
Campaigns, Proposals, and Reforms

T15-0235 - Donald Trump's Tax Reform Plan, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Level, 2025

December 22, 2015
Campaigns, Proposals, and Reforms

T15-0234 - Donald Trump's Tax Reform Plan, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2017

December 22, 2015
Campaigns, Proposals, and Reforms

T15-0233 - Donald Trump's Tax Reform Plan, Baseline: Current Law, Distribution of Federal Tax Change by Expanded Cash Income Level, 2017

NOTE: As of October 18, 2016 TPC has updated the analysis of Donald Trump's tax plan .
December 22, 2015
Campaigns, Proposals, and Reforms

T15-0232 - Donald Trump's Tax Reform Plan: Impact on Tax Revenue, 2016-26 by Fiscal Year and Total for FY2027-36

NOTE: As of October 18, 2016 TPC has updated the analysis of Donald Trump's tax plan .
December 22, 2015
Campaigns, Proposals, and Reforms: Research report

Analysis of Donald Trump's Tax Plan

NOTE: TPC updated its analysis of Donald Trump's tax plan on October 18, 2016. The revised analysis is available here . The estimates in this 2015 report should no longer be cited. Please use the updated estimates from the October 18 analysis. On July 12, 2017, TPC released implications of
December 22, 2015James R. NunnsLeonard E. BurmanJeffrey RohalyJoseph Rosenberg
Federal Budget and Economy: Current Law

T15-0245 - Current Law Parameters for TPC Tables

December 21, 2015
Federal Budget and Economy: TaxVox

The TaxVox Lump of Coal Awards for the Ten Worst Tax Ideas of 2015

It is time for TaxVox’ s annual Lump of Coal awards for the worst tax ideas (or most depressing tax stories) of 2015. As always, choosing the Top 10 was not easy, but here they are: 10. The Michigan House . Lawmakers tried to pay for new transportation projects by eliminating the state’s earned
December 21, 2015Howard Gleckman
: Daily Deduction

Promises, Hopes, and Complaints

Congress is in recess. The Daily Deduction will post on Mondays until Congress returns. Enjoy a peaceful, joyful holiday. Hillary Clinton promises not to increase taxes for the “middle class.” She made the vow during Saturday night’s Democratic debate . The middle class, by her definition, makes
December 21, 2015Renu Zaretsky