As Congress delays action on extending the 2001-03 tax cuts, state revenue officers may be secretly hoping for continued legislative paralysis. Why? Because the federal...
The one-year lapse of the federal estate tax this year came with the unwelcome requirement that heirs assume their benefactors’ bases for some assets they...
The alternative minimum tax , America’s favorite stealth levy, threatens to hit 27 million taxpayers this year if Congress doesn’t patch it once again. Given...
This table shows the number of tax units in each statutory marginal tax rate bracket - by filing status - under full expiration of the 2001 and 2003 tax cuts (current law), full extension of the cuts (current policy), and expiration of the high-income cuts only (administration's proposal).
President Obama’s plan to raise taxes on the nation’s highest income households may not quite mean what you think. A closer look suggests that fewer...
Table showing the tax units in the 36% and 39.6% brackets under the Obama administration's proposal whose taxable income would increase as a result of the reinstatement of the limitation on itemized deductions (Pease) and personal exemption phaseout (PEP) in 2011.
Senate Republican Leader Mitch McConnell (R-KY) wants to permanently extend all of the Bush-era tax cuts. He’s also rejected even modest efforts by President Obama...
We present new estimates of the budget outlook, based on the latest projections from the Congressional Budget Office and the Medicare and Social Security Trustee reports. The medium-term budget outlook has not changed appreciably since earlier this year. Under reasonable assumptions, the federal
The U.S. government is spending more than it is bringing in. The result is the budget deficit. Over the next 10 years, the deficit is projected to exceed $10 trillion if current budget policies are continued. By 2019, even under optimistic assumptions, the deficit will be 5.5 percent of GDP, an
America ’s long-term fiscal challenge will drive the nation’s domestic policy for years to come. But in an age of partisan noise and name-calling, it...
2010 Distribution table showing the change in federal taxes by cash income percentiles of the Administration's tax proposal as compared to current policy, or full extension.
Distribution table showing the change in federal taxes in 2004, by cash income level, resulting from the tax law changes enacted during the Bush administration, including EGTRRA and JGTRRA (see table footnotes for more detail).
Distribution table showing the change in federal taxes in 2004, by cash income percentile, resulting from the tax law changes enacted during the Bush administration, including EGTRRA and JGTRRA (see table footnotes for more detail).
Distribution table showing the change in federal taxes in 2005, by cash income level, resulting from the tax law changes enacted during the Bush administration, including EGTRRA and JGTRRA (see table footnotes for more detail).
Distribution table showing the change in federal taxes in 2005, by cash income percentile, resulting from the tax law changes enacted during the Bush administration, including EGTRRA and JGTRRA (see table footnotes for more detail).
Distribution table showing the change in federal taxes in 2006, by cash income level, resulting from the tax law changes enacted during the Bush administration, including EGTRRA and JGTRRA (see table footnotes for more detail).
Distribution table showing the change in federal taxes in 2006, by cash income percentile, resulting from the tax law changes enacted during the Bush administration, including EGTRRA and JGTRRA (see table footnotes for more detail).
2010 Distribution table showing the change in federal taxes by cash income level of the Administration's tax proposal as compared to current policy, or full extension.
Distribution table showing the change in federal taxes in 2007, by cash income level, resulting from the tax law changes enacted during the Bush administration, including EGTRRA and JGTRRA (see table footnotes for more detail).
