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Individual Taxes: Research report

Extending Tax Credits for Low-Income Families

Policymakers should be thinking hard about low-income families with children and the tax code. In 2010, the federal income tax system will deliver substantial assistance to these families through refundable tax credits. The Tax Policy Center estimates a third fewer children would be in poverty if
July 19, 2010Elaine Maag
Campaigns, Proposals, and Reforms: TaxVox

Extending the Bush Tax Cuts

What should Congress do about the Bush tax cuts that are set to expire at the end of the year? That question is going to absorb much of Washington’s attention through the fall and—if present hyper-partisan trends continue—perhaps even beyond. On Wednesday, the Senate Finance Committee kicked off the coming drama by bringing in a group of tax experts to set the stage.
July 16, 2010Howard Gleckman
Individual Taxes: TaxVox

Raising the Social Security Retirement Age

If Social Security reform is political dynamite, the battle over whether to raise the retirement age may be the fuse. I got a hint of the passion behind this issue at an Urban Institute panel I moderated yesterday on Capitol Hill. In recent weeks, both Steny Hoyer (D-MD), who is the number #2 House Democrat, and John Boehner (R-OH), the top House Republican, have put the idea on the table. Ah, you say, there is finally bipartisan support for something in Washington. Not so fast. Both are far out on a legislative limb with little public support from fellow lawmakers.
July 15, 2010Howard Gleckman
Federal Budget and Economy: Current Law

T10-0174 - Wyden-Gregg Reforms: Effective Marginal Tax Rates by Cash Income Level; Multiple Baselines, 2014

Effective marginal individual income tax rates from the Bipartisan Tax Fairness and Simplification Act of 2010 for the year 2014. Also shows marginal rates for 2014 from current law and current policy, which extends the 2009 AMT patch and indexes the AMT exemption, rate bracket thresholds and
July 14, 2010
Federal Budget and Economy: Current Law

T10-0177 - Wyden-Gregg Reforms: Changes in Marginal Tax Rates on Capital Gains by Cash Income Level; Baseline: Current Law, 2014

This table shows the number of tax units with an increase, decrease or no change in effective marginal tax rate on capital gains in 2014 from the Bipartisan Tax Fairness and Simplification Act of 2010 (Wyden-Gregg), relative to current law.
July 14, 2010
Federal Budget and Economy: Capital Gains

T10-0178 - Wyden-Gregg Reforms: Changes in Marginal Tax Rates on Capital Gains by Cash Income Level; Baseline: Current Policy, 2014

This table shows the number of tax units with an increase, decrease or no change in effective marginal tax rate on capital gains in 2014 from the Bipartisan Tax Fairness and Simplification Act of 2010 (Wyden-Gregg), relative to current policy, which extends the 2009 AMT patch and indexes the AMT
July 14, 2010
Federal Budget and Economy: Current Law

T10-0179 - Wyden-Gregg Reforms: Changes in Marginal Tax Rates by Cash Income Level; Baseline: Current Law and Current Policy, 2014

This table shows the change in effective marginal individual income tax rates in 2014 from the Bipartisan Tax Fairness and Simplification Act of 2010 (Wyden-Gregg). Changes are shown relative to both current law and current policy, which extends the 2009 AMT patch and indexes the AMT exemption,
July 14, 2010
Federal Budget and Economy: Current Law

T10-0180 - Wyden-Gregg Reforms: Effective Marginal Tax Rates by Cash Income Percentile; Multiple Baselines, 2014

Effective marginal individual income tax rates from the Bipartisan Tax Fairness and Simplification Act of 2010 for the year 2014. Also shows marginal rates for 2014 from current law and current policy, which extends the 2009 AMT patch and indexes the AMT exemption, rate bracket thresholds and
July 14, 2010
Federal Budget and Economy: Current Law

T10-0181 - Wyden-Gregg Reforms: Changes in Marginal Tax Rates on Wages by Cash Income Percentile; Baseline: Current Law, 2014

This table shows the change in effective marginal individual income tax rates in 2014 from the Bipartisan Tax Fairness and Simplification Act of 2010 (Wyden-Gregg). Changes are shown relative to both current law and current policy, which extends the 2009 AMT patch and indexes the AMT exemption,
July 14, 2010
Federal Budget and Economy: Current Law

T10-0182 - Wyden-Gregg Reforms: Changes in Marginal Tax Rates on Wages by Cash Income Percentile; Baseline: Current Policy, 2014

This table shows the number of tax units with an increase, decrease or no change in effective marginal tax rate on wages in 2014 from the Bipartisan Tax Fairness and Simplification Act of 2010 (Wyden-Gregg), relative to current law.
July 14, 2010
Federal Budget and Economy: Marginal Tax Rates

T10-0183 - Wyden-Gregg Reforms: Changes in Marginal Tax Rates on Wages by Cash Income Percentile; Baseline: Current Law, 2014

This table shows the number of tax units with an increase, decrease or no change in effective marginal tax rate on wages in 2014 from the Bipartisan Tax Fairness and Simplification Act of 2010 (Wyden-Gregg), relative to current policy, which extends the 2009 AMT patch and indexes the AMT exemption
July 14, 2010
Federal Budget and Economy: Capital Gains

T10-0185 - Wyden-Gregg Reforms: Changes in Marginal Tax Rates by Cash Income Percentile; Baseline: Current Law and Current Policy, 2014

This table shows the number of tax units with an increase, decrease or no change in effective marginal tax rate on capital gains in 2014 from the Bipartisan Tax Fairness and Simplification Act of 2010 (Wyden-Gregg), relative to current policy, which extends the 2009 AMT patch and indexes the AMT
July 14, 2010
Federal Budget and Economy: Current Law

T10-0184 - Wyden-Gregg Reforms: Changes in Marginal Tax Rates on Capital Gains by Cash Income Percentile; Baseline: Current Policy, 2014

This table shows the number of tax units with an increase, decrease or no change in effective marginal tax rate on capital gains in 2014 from the Bipartisan Tax Fairness and Simplification Act of 2010 (Wyden-Gregg), relative to current law.
July 14, 2010
Federal Budget and Economy: Current Law

T10-0175 - Wyden-Gregg Reforms: Changes in Marginal Tax Rates on Wages by Cash Income Level; Baseline: Current Law, 2014

This table shows the number of tax units with an increase, decrease or no change in effective marginal tax rate on wages in 2014 from the Bipartisan Tax Fairness and Simplification Act of 2010 (Wyden-Gregg), relative to current law.
July 14, 2010
Federal Budget and Economy: Marginal Tax Rates

T10-0176 - Wyden-Gregg Reforms: Changes in Marginal Tax Rates on Wages by Cash Income Level; Baseline: Current Policy, 2014

This table shows the number of tax units with an increase, decrease or no change in effective marginal tax rate on wages in 2014 from the Bipartisan Tax Fairness and Simplification Act of 2010 (Wyden-Gregg), relative to current policy, which extends the 2009 AMT patch and indexes the AMT exemption
July 14, 2010
Individual Taxes: TaxVox

In Life, Baseball and the Estate Tax, Timing is Everything

I came of age as a Royals fan, and I agree with George Brett’s comments at his Hall of Fame induction ceremony, “I don’t like those Yankees still”. George Steinbrenner’s Yankees tortured my beloved Royals in the late 1970s and early 1980s. I’ll never forget my dad flipping across news channels so my family could watch Brett tear out of the dugout over and over after umpires nullified his home run because Steinbrenner’s Yankees objected to the amount of pine tar on his bat. Ridiculous.
July 14, 2010Elaine Maag
Federal Budget and Economy: Research report

The Impact of the Bipartisan Tax Fairness and Simplification Act of 2010 ("Wyden-Gregg") on Effective Marginal Tax Rates

The Wyden-Gregg tax reform proposal would represent a broad reform of the federal income tax system. This paper examines the plan's impact on individuals' effective marginal tax rates (EMTR), the incremental amount of tax owed on an additional dollar of income. We examine the impact on the EMTR for
July 14, 2010Katherine LimJeffrey Rohaly
Campaigns, Proposals, and Reforms: Testimony

The Future of Individual Tax Rates: Effects of Economic Growth and Distribution

Leonard Burman's Testimony before the Senate Committee on Finance
Leonard Burman's testimony before the Senate Committee on Finance on whether and how to extend the 2001 and 2003 tax cuts.
July 14, 2010Leonard E. Burman
Individual Taxes: Testimony

The Future of Individual Tax Rates: Effects on Growth and Distribution

Donald Marron's Testimony Before the Senate Committee on Finance
Donald Marron's testimony before the Senate Committee on Finance on the individual tax system.
July 14, 2010Donald Marron
Federal Budget and Economy: TaxVox

We Can’t Always Get What We Want: Why Governing Americans is So Hard

The conventional wisdom is that Americans are fed up with their government. But our demands on policymakers are so inconsistent and irrational that we make governing nearly impossible. We hate big deficits, but oppose the actual tax increases or spending cuts that we need to dam the flood of the red ink. We are furious that government passed an $800 billion stimulus last year, but feel lawmakers are not doing enough to get the economy going. We want government to “do something” about the gulf oil spill but reject government interference in private business.
July 13, 2010Howard Gleckman
Federal Budget and Economy: Current Law

T10-0135 - Current Law to Current Policy; Current Law Distribution of Tax-Units by Cash Income Percentile, 2012

This is a 2012 distribution table that is part of a series of tables showing the distributional effects of moving incrementally from current law to current policy. This table shows a current law baseline.
July 12, 2010
Federal Budget and Economy: Current Law

T10-0136 - Current Law to Current Policy; Extend and Index 2009 AMT Patch; Baseline: Current Law; Distribution by Cash Income Level, 2012

This is a 2012 distribution table that is part of a series of tables showing the distributional effects of moving incrementally from current law to current policy. This table shows a permanent AMT patch at 2009 levels, indexed.
July 11, 2010
Federal Budget and Economy: Current Law

T10-0137 - Current Law to Current Policy; Extend and Index 2009 AMT Patch; Baseline: Current Law; Distribution by Cash Income Percentile, 2012

This is a 2012 distribution table that is part of a series of tables showing the distributional effects of moving incrementally from current law to current policy. This table shows a permanent AMT patch at 2009 levels, indexed.
July 11, 2010
Federal Budget and Economy: Current Law

T10-0138 - Current Law to Current Policy; Extend 10, 25 and 28% Brackets; Baseline: Current Law with AMT Patch; Distribution by Cash Income Level, 2012

This is a 2012 distribution table that is part of a series of tables showing the distributional effects of moving incrementally from current law to current policy. This table shows the extension of lower tax brackets.
July 11, 2010
Federal Budget and Economy: Current Law

T10-0139 - Current Law to Current Policy; Extend 10, 25 and 28% Brackets; Baseline: Current Law with AMT Patch; Distribution by Cash Income Percentile, 2012

This is a 2012 distribution table that is part of a series of tables showing the distributional effects of moving incrementally from current law to current policy. This table shows the extension of lower tax brackets.
July 11, 2010

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