Federal Budget and Economy

T10-0226 - Current Law; Baseline: Pre-EGTRRA Law; Distribution by Cash Income Percentile, 2007

Distribution table showing the change in federal taxes in 2007, 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).
September 14, 2010
Federal Budget and Economy

T10-0227 - Current Law; Baseline: Pre-EGTRRA Law; Distribution by Cash Income Level, 2008

Distribution table showing the change in federal taxes in 2008, 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).
September 14, 2010
Federal Budget and Economy

T10-0228 - Current Law; Baseline: Pre-EGTRRA Law; Distribution by Cash Income Percentile, 2008

Distribution table showing the change in federal taxes in 2008, 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).
September 14, 2010
Federal Budget and Economy

T10-0229 - Current Law; Baseline: Pre-EGTRRA Law; Distribution by Cash Income Level, 2009

Distribution table showing the change in federal taxes in 2009, 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).
September 14, 2010
Federal Budget and Economy

T10-0230 - Current Law; Baseline: Pre-EGTRRA Law; Distribution by Cash Income Percentile, 2009

Distribution table showing the change in federal taxes in 2009, 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).
September 14, 2010
Federal Budget and Economy

T10-0231 - Current Law; Baseline: Pre-EGTRRA Law; Distribution by Cash Income Level, 2010

Distribution table showing the change in federal taxes in 2010, 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).
September 14, 2010
Federal Budget and Economy

T10-0232 - Current Law; Baseline: Pre-EGTRRA Law; Distribution by Cash Income Percentile, 2010

Distribution table showing the change in federal taxes in 2010, 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).
September 14, 2010
Campaigns, Proposals, and Reforms: Current Law

T10-0235 - Tax Increases from Administration's Proposals; Baseline: Current Policy, 2011

Descriptive statistics of taxpayers that face a tax increase under the Administration's tax proposal relative to current policy in the year 2011.
September 14, 2010
Campaigns, Proposals, and Reforms: Current Law

T10-0236 - Tax Increases from Administration's Proposals by Filing Status; Baseline: Current Policy, 2011

Table shows the number and percent of tax units that face an increase under the Administration's tax proposal, relative to current policy, in 2012 as well as the number and percent of units above income thresholds.
September 14, 2010
Federal Budget and Economy: Current Law

T10-0215 - Extend 2001-03 Tax Cuts and AMT Patch; Baseline: Current Law; Distribution by Cash Income Level, 2012

Distribution for 2012 of federal tax change, by cash income level, of extending the 2001-2003 tax cuts.
September 13, 2010
Federal Budget and Economy

T10-0218 - Extend 2001-03 Tax Cuts and AMT Patch; Baseline: Current Policy; Distribution by Cash Income Percentile, 2012

Distribution for 2012 of federal tax change, by cash income percentile, of allowing the 2001-2003 tax cuts to expire.
September 13, 2010
Federal Budget and Economy: Current Law

T10-0216 - Extend 2001-03 Tax Cuts and AMT Patch; Baseline: Current Law; Distribution by Cash Income Percentile, 2012

Distribution for 2012 of federal tax change, by cash income percentile, of extending the 2001-2003 tax cuts.
September 13, 2010
Federal Budget and Economy

T10-0217 - Extend 2001-03 Tax Cuts and AMT Patch; Baseline: Current Policy; Distribution by Cash Income Level, 2012

Distribution for 2012 of federal tax change, by cash income level, of allowing the 2001-2003 tax cuts to expire.
September 13, 2010
Individual Taxes: TaxVox

TPC's New Tax Calculator

Long in the works, the Tax Policy Center’s new Tax Calculator debuted on our website this week. We designed it to help taxpayers, analysts, and...
September 10, 2010Roberton C. Williams
Campaigns, Proposals, and Reforms: TaxVox

Tax Cut Smackdown: Obama v. Boehner (and Orszag)

The outlines of the Great Tax Debate of 2010 are coming clear. Yesterday, President Obama insisted on permanently extending the 2001-2003 tax cuts for those...
September 9, 2010Howard Gleckman
Federal Budget and Economy: Research report

America's Related Fiscal Problems

In a point-counterpoint with Henry Aaron, senior fellow at the Brookings Institution, Eugene Steuerle discusses five pressing fiscal problems facing America, and suggests tax and budget reform options to address these issues. This discourse includes agreement and disagreement, yet is honestly
September 8, 2010C. Eugene Steuerle
Federal Budget and Economy: Research report

Why We Must Untie Our Fiscal Straightjacket: A Response to Henry J. Aaron

Eugene Steuerles response Henry Aaron in a point-counterpoint debate about Americas fiscal struggles. This discourse includes agreement and disagreement, yet is honestly presented without the noise and confusion that often surround these issues. Steuerles and Aarons essays and responses to each
September 8, 2010C. Eugene Steuerle
Individual Taxes: TaxVox

Obama’s Business Tax Cuts

With the economy stalled and his party’s November electoral chances sagging, President Obama is rolling out a new plan to boost growth—a mix of infrastructure...
September 7, 2010Howard Gleckman
Individual Taxes: TaxVox

Talk of the Homebuyer Credit: It’s Baaaack

Please tell me it isn’t true: Washington is buzzing with talk of Homebuyer Tax Credit III. Like the killers in those really bad slasher movies,...
September 2, 2010Howard Gleckman
Federal Budget and Economy: Research report

Catastrophic Budget Failure

Continuation of current U.S. fiscal policy will lead to an enormous accumulation of debt with potentially disastrous economic consequences. Exacerbated by the recent economic turmoil and fueled by the willingness of creditors to lend at very low interest rates, there is signifi cant risk that
September 1, 2010Leonard E. BurmanKatherine LimJeffrey RohalyJoseph Rosenberg
Campaigns, Proposals, and Reforms: TaxVox

Keep the Bush Tax Cuts for a Couple of Years, But Reshuffle the Dollars

It seems increasingly likely that Congress will extend most, if not all, of the Bush tax cuts for at least a year or two. As the economy shows growing signs of softening, lawmakers are less and less likely to take steps that will be seen as “raising taxes.” But there is a way Congress could maintain the magnitude of the Bush tax cuts while moving around some dollars to enhance their short-term economic benefit. The goal of this shift would be to focus tax cuts on those most likely to spend the money.
August 31, 2010Howard Gleckman
Individual Taxes: TaxVox

Uncompassionate Economics: Blaming Unemployment Compensation for Our Job Woes

In a Wall Street Journal op-ed this morning, Robert Barro lays blame for the nation’s stubbornly high unemployment rate squarely on President Obama’s doorstep. The outspoken Harvard economist asserts that unemployment would stand at 6.8 percent—well below today’s 9.5 percent—if only the president and Congress hadn’t extended unemployment compensation to 99 weeks.
August 30, 2010Roberton C. Williams
Individual Taxes: TaxVox

Obama’s Tax Reform Panel: A Missed Opportunity

You buy what you think will be a state-of-the-art GPS device to give you driving directions. The gizmo was designed by a committee of the...
August 27, 2010Howard Gleckman
Individual Taxes: TaxVox

Comments on Social Security Reform

We’ve gotten some interesting comments on our recent post about Social Security reform. In the post, we note that many reform options would slow the growth of benefits from one age cohort to the next, but not cut lifetime benefits relative to what people receive today. We didn’t focus on the specific issue of raising the retirement age, but used that option as an example of how benefits could continue to grow over time, but at a slower rate than what is currently being promised.
August 27, 2010C. Eugene SteuerleStephanie Rennane
Individual Taxes: Brief

Lowering the Heat Around Raising Retirement Age

In commentary for the San Francisco Chronicle, Gene Steuerle asserts that all of the following myths about Social Security retirement ages are wrong: (1) increasing the retirement age will reduce benefits; (2) increasing the retirement age discriminates against lower-income workers with shorter
August 27, 2010C. Eugene Steuerle