Campaigns, Proposals, and Reforms: FY2010 Budget

T09-0501 - Certain Individual Income and Estate Tax Provisions in Administration's FY2010 Budget Proposals Distribution of Federal Tax Change by Cash Income Percentile, 2011

2011 distribution, by cash percentiles and by age group, of certain provisions in the Administration?s FY2010 budget proposal with regards to an AMT patch, capital gains and qualified dividends rates, the tax brackets, marriage penalties, the Making Work Pay credit, and the estate tax.
December 10, 2009
Individual Taxes: Current Law

T09-0489 - Distribution of Long-Term Capital Gains and Qualified Dividends by Cash Income Level, 2010

2010 baseline distribution of long-term capital gains and qualified dividends by cash income level.
December 10, 2009
Individual Taxes: Current Law

T09-0490 - Distribution of Long-Term Capital Gains and Qualified Dividends by Cash Income Percentile, 2010

2010 baseline distribution of long-term capital gains and qualified dividends by cash income percentile.
December 10, 2009
Individual Taxes: Capital Gains

T09-0491 - Distribution of Long-Term Capital Gains and Qualified Dividends by Cash Income Level, 2012

2012 baseline distribution of long-term capital gains and qualified dividends by cash income level.
December 10, 2009
Individual Taxes: Capital Gains

T09-0492 - Distribution of Long-Term Capital Gains and Qualified Dividends by Cash Income Percentile, 2012

2012 baseline distribution of long-term capital gains and qualified dividends by cash income percentile.
December 10, 2009
Individual Taxes: TaxVox

It’s Cold. It’s Icy. It’s Tax Extender Time

One cheer for the House. In what’s become a dreary annual dance, it agreed to extend, for yet another year, 48 special interest tax breaks worth $23 billion in 2010-2011. Why the cheer? At least it is proposing to—sort of-- pay for them.
December 10, 2009Howard Gleckman
Campaigns, Proposals, and Reforms: Capital Gains

T09-0496 - Extend Tax Rates of 0 and 15 Percent on Capital Gains and Qualified Dividends, Add Third Tier of 20 Percent Distribution of Federal Tax Change by Cash Income Percentile, 2011

2011 distribution, by cash percentiles and by age group, of extending the 0 and 15 percent rates on capital gains and qualified dividends and adding a 20 percent rate for taxpayers otherwise in the 36 or 39.6 percent tax bracket.
December 9, 2009
Campaigns, Proposals, and Reforms: FY2010 Budget

T09-0497 - Extend 10, 25 and 28 Percent Tax Rates and Expand 28-Percent Tax Bracket Distribution of Federal Tax Change by Cash Income Percentile, 2011

2011 distribution, by cash percentiles and by age group, of extending the 10, 25, and 28 percent statutory marginal tax rates. The 28 percent bracket would be expanded and the 36 and 39.6 percent tax rates would be retained.
December 9, 2009
Campaigns, Proposals, and Reforms: Marriage Penalties

T09-0498 - Extend Standard Deduction, EITC, and 15-Percent Bracket Marriage Penalty Relief Distribution of Federal Tax Change by Cash Income Percentile, 2011

2011 distribution, by cash percentiles and by age group, of extending provisions pertaining to the marriage penalty with regards to the standard deduction, the EITC and the 15-percent bracket.
December 9, 2009
Campaigns, Proposals, and Reforms: FY2010 Budget

T09-0499 - Extend Making Work Pay Credit with Modifications Distribution of Federal Tax Change by Cash Income Percentile, 2011

2011 distribution, by cash percentiles and by age group, of extending the Making Work Pay while indexing phaseout thresholds for inflation and reducing the phaseout rate from 2 to 1.6 percent.
December 9, 2009
Campaigns, Proposals, and Reforms: Capital Gains

T09-0503 - Extend Tax Rates of 0 and 15 Percent on Capital Gains and Qualified Dividends, Add Third Tier of 20 Percent Distribution of Federal Tax Change by Cash Income Percentile, 2019

2019 distribution, by cash percentiles and by age group, of extending the 0 and 15 percent rates on capital gains and qualified dividends and adding a 20 percent rate for taxpayers otherwise in the 36 or 39.6 percent tax bracket.
December 9, 2009
Campaigns, Proposals, and Reforms: FY2010 Budget

T09-0504 - Extend 10, 25 and 28 Percent Tax Rates and Expand 28-Percent Tax Bracket Distribution of Federal Tax Change by Cash Income Percentile, 2019

2019 distribution, by cash percentiles and by age group, of extending the 10, 25, and 28 percent statutory marginal tax rates. The 28 percent bracket would be expanded and the 36 and 39.6 percent tax rates would be retained.
December 9, 2009
Campaigns, Proposals, and Reforms: Marriage Penalties

T09-0505 - Extend Standard Deduction, EITC, and 15-Percent Bracket Marriage Penalty Relief Distribution of Federal Tax Change by Cash Income Percentile, 2019

2019 distribution, by cash percentiles and by age group, of extending provisions pertaining to the marriage penalty with regards to the standard deduction, the EITC and the 15-percent bracket.
December 9, 2009
Campaigns, Proposals, and Reforms: FY2010 Budget

T09-0506 - Extend Making Work Pay Credit with Modifications Distribution of Federal Tax Change by Cash Income Percentile, 2019

2019 distribution, by cash percentiles and by age group, of extending the Making Work Pay while indexing phaseout thresholds for inflation and reducing the phaseout rate from 2 to 1.6 percent.
December 9, 2009
Campaigns, Proposals, and Reforms: Estate and Gift

T09-0507 - Extend 2009 Estate Tax Law Distribution of Federal Tax Change by Cash Income Percentile, 2019

2019 distribution, by cash percentiles and by age group, of extending 2009 estate tax law.
December 9, 2009
Campaigns, Proposals, and Reforms: Estate and Gift

T09-0500 - Extend 2009 Estate Tax Law Distribution of Federal Tax Change by Cash Income Percentile, 2011

2011 distribution, by cash percentiles and by age group, of extending 2009 estate tax law.
December 9, 2009
Campaigns, Proposals, and Reforms: FY2010 Budget

T09-0508 - Certain Individual Income and Estate Tax Provisions in Administration's FY2010 Budget Proposals Distribution of Federal Tax Change by Cash Income Percentile, 2019

2019 distribution, by cash percentiles and by age group, of certain provisions in the Administration?s FY2010 budget proposal with regards to an AMT patch, capital gains and qualified dividends rates, the tax brackets, marriage penalties, the Making Work Pay credit, and the estate tax.
December 9, 2009
Business Taxes: Research report

Taxation of Credit Derivatives

One arguably good thing about the current financial crisis is that it has broadened public understanding of the global financial system. Few people had heard of credit default swaps two years ago, but these instruments have, since then, forced themselves on the attention the most casual reader of
December 9, 2009Lawrence Lokken
Individual Taxes: TaxVox

Obama’s Stimulus II

At Brookings today, President Obama laid out his vision for Stimulus II. At first glance, this seems to be a collection of odds-and-ends, only some of which will help the economy grow and create jobs.
December 8, 2009Howard Gleckman
Campaigns, Proposals, and Reforms: Alternative Minimum Tax

T09-0495 - Extend AMT Patch and Index AMT for Inflation Distribution of Federal Tax Change by Cash Income Percentile, 2011

2011 distribution, by cash percentiles and by age group, of extending and indexing for inflation the 2009 AMT patch.
December 8, 2009
Campaigns, Proposals, and Reforms: Alternative Minimum Tax

T09-0502 - Extend AMT Patch and Index AMT for Inflation Distribution of Federal Tax Change by Cash Income Percentile, 2019

2019 distribution, by cash percentiles and by age group, of extending and indexing for inflation the 2009 AMT patch.
December 8, 2009
Individual Taxes: Testimony

On the Merits of a Carbon Tax

before the U.S. Senate Committee on Energy and Natural Resources
Ted Gayer testified before the Senate Energy Committee that a carbon tax is the most economically efficient way to address climate change. While it might be politically unpopular, he says, it is well worth considering because it helps generate public revenues that can be used to offset economically
December 8, 2009Ted Gayer
Individual Taxes: TaxVox

Is the CLASS Act a Budget-Buster or a Model New Program?

Though it has attracted little attention, a bill called the CLASS Act has the potential to fundamentally change the way we think of government social policy. It also runs the risk of becoming yet another costly unfunded entitlement. Congress will decide over the next few months. The Community Living Assistance Services and Supports Act would create a new national voluntary long-term care insurance program to help pay for the personal care of both the frail elderly and younger adults with disabilities. It would provide a basic lifetime cash benefit funded through an optional payroll deduction.
December 3, 2009Howard Gleckman
Individual Taxes: TaxVox

Pardon me, but did your credit default swap eat my lunch?

One arguably good thing about the financial crisis is that it has broadened public understanding of the global financial system. One bit of exotica to grace the front pages of our newspapers is the credit default swap (CDS). These swaps brought insurance giant AIG to its knees, and precipitated a $100 billion U.S. government bailout of the company. More recently, it has been reported that hedge fund manager John Paulson made more than $3 billion using CDSs to bet against subprime mortgages. These things are obviously very powerful.
December 3, 2009Lawrence Lokken
Individual Taxes: TaxVox

Happy Act: The Poster Puppy for What's Wrong with the Tax Code

Nothing I have written in more than two years at TaxVox has attracted more attention than my August, 2009 piece on the Happy Act. This bill, sponsored by Representative Thaddeus McCotter (R-MI), would allow people to deduct up to $3,500 from their taxes to subsidize the cost of, no kidding, pet care.
December 1, 2009Howard Gleckman