Federal Budget and Economy: TaxVox

Paul Ryan’s Fiscal Roadmap

Kudos to Rep. Paul Ryan (R-WI), the senior Republican on the House Budget Committee, for proposing an ambitious plan aimed at bringing government spending under control over the next 75 years. Actually, Ryan would do even more than that. He’d also restructure the tax code, Social Security, Medicare, and Medicaid.
May 27, 2008Howard Gleckman
Individual Taxes: TaxVox

Temporary Laws and Fiscal Restraint

Howard Gleckman continues to think that temporary tax cuts are no better than permanent ones from the standpoint of enhancing political accountability and fiscal restraint (“Tax Extenders and Fiscal Restraint,” May 22, 2008). So here’s some data.
May 27, 2008George Yin
: Current Law

T08-0078 - Current-Law Distribution of Federal Taxes By Cash Income Level, 2008

2008 Distribution of individual income tax, payroll tax, corporate income tax, estate tax, and all federal tax (share of total tax and average tax rate) by cash income level.
May 26, 2008
: Current Law

T08-0079 - Current-Law Distribution of Federal Taxes By Cash Income Percentile, 2008

2008 Distribution of individual income tax, payroll tax, corporate income tax, estate tax, and all federal tax (share of total tax and average tax rate) by cash income percentile.
May 26, 2008
: Current Law

T08-0080 - Distribution of Federal Taxes Under Pre-EGTRRA Individual Income and Estate Tax Law, By Cash Income Level, 2008

2008 Distribution of individual income tax, payroll tax, corporate income tax, estate tax, and all federal tax (share of total tax and average tax rate) under pre-EGTRRA law by cash income level.
May 26, 2008
: Current Law

T08-0081 - Distribution of Federal Taxes Under Pre-EGTRRA Individual Income and Estate Tax Law, By Cash Income Percentile, 2008

2008 Distribution of individual income tax, payroll tax, corporate income tax, estate tax, and all federal tax (share of total tax and average tax rate) under pre-EGTRRA law by cash income percentile.
May 26, 2008
: Current Law

T08-0082 - Current-Law Distribution of Federal Taxes By Cash Income Level, 2010

2010 Distribution of individual income tax, payroll tax, corporate income tax, estate tax, and all federal tax (share of total tax and average tax rate) by cash income level.
May 26, 2008
: Current Law

T08-0083 - Current-Law Distribution of Federal Taxes By Cash Income Percentile, 2010

2010 Distribution of individual income tax, payroll tax, corporate income tax, estate tax, and all federal tax (share of total tax and average tax rate) by cash income percentile.
May 26, 2008
: Current Law

T08-0084 - Distribution of Federal Taxes Under Pre-EGTRRA Individual Income and Estate Tax Law, By Cash Income Level, 2010

2010 Distribution of individual income tax, payroll tax, corporate income tax, estate tax, and all federal tax (share of total tax and average tax rate) under pre-EGTRRA law by cash income level.
May 26, 2008
: Current Law

T08-0085 - Distribution of Federal Taxes Under Pre-EGTRRA Individual Income and Estate Tax Law, By Cash Income Percentile, 2010

2010 Distribution of individual income tax, payroll tax, corporate income tax, estate tax, and all federal tax (share of total tax and average tax rate) under pre-EGTRRA law by cash income percentile.
May 26, 2008
: Current Law

T08-0086 - Current-Law Distribution of Federal Taxes By Cash Income Level, 2011

2011 Distribution of individual income tax, payroll tax, corporate income tax, estate tax, and all federal tax (share of total tax and average tax rate) by cash income level.
May 26, 2008
: Current Law

T08-0087 - Current-Law Distribution of Federal Taxes By Cash Income Percentile, 2011

2011 Distribution of individual income tax, payroll tax, corporate income tax, estate tax, and all federal tax (share of total tax and average tax rate) by cash income percentile.
May 26, 2008
Individual Taxes: TaxVox

The Supreme Court and Muni Bonds

On Monday, the Supreme Court ruled that states may offer special tax breaks to residents for investing in municipal bonds issued by them and local governments within the state. The 7-2 decision, in Kentucky Department of Revenue v. Davis was widely expected. But even if the Court wanted to bar states from preferring their own bonds over those from other jurisdictions, the current troubles of the $2.6 trillion municipal bond market probably made that impossible.
May 23, 2008Kim S. Rueben
Individual Taxes: TaxVox

Tax Extenders and Fiscal Restraint

It was good to hear from University of Virginia tax professor and former Joint Tax Committee boss George Yin. George argues that temporary tax cuts are a good idea because they force Congress to consider the costs and benefits of these measures before renewing them. This reckoning, he says, imposes more political accountability on the system, not less.
May 22, 2008Howard Gleckman
Individual Taxes: Child Tax Credit

T08-0092 - Options to Expand the Child Tax Credit Static Impact on Individual Income Tax Liability and Revenue ($ billions), 2008-11

Impact on individual income tax liability and revenue as a result of options to expand the child tax credit.
May 21, 2008
Individual Taxes: TaxVox

Temporary Laws, Political Accountability, and Fiscal Restraint

Howard Gleckman’s criticism of temporary legislation (“The Tax Extenders Ride Again,” May 20, 2008) overlooks the impact of Congressional budget rules. When such rules are considered, a change in law on a temporary (rather than permanent) basis increases political accountability and arguably enhances fiscal restraint.
May 20, 2008George Yin
Individual Taxes: TaxVox

The Tax Extenders Ride Again

The other day, the House Ways & Means Committee routinely approved dozens and dozens of tax breaks. Hardly anyone even noticed.
May 20, 2008Howard Gleckman
Individual Taxes: Child Tax Credit

T08-0091 - Reduce Child Tax Credit Refundability Threshold to $8,500 Distribution of Federal Tax Change by Cash Income Percentile, 2008

Distribution of federal tax change by cash income percentile as a result of reducing the child tax credit refundability threshold to $8,500.
May 20, 2008
Federal Budget and Economy: Child Tax Credit

T08-0088 - Major Individual Income Tax Elements of H.R. 6049, The Energy and Tax Extenders Act of 2008 Distribution of Federal Tax Change by Cash Income Level, 2008

Distribution of federal tax changes by cash income level resulting from H.R. 6049, The Energy and Tax Extenders Act of 2008.
May 20, 2008
Federal Budget and Economy: Child Tax Credit

T08-0089 - Major Individual Income Tax Elements of H.R. 6049, The Energy and Tax Extenders Act of 2008 Distribution of Federal Tax Change by Cash Income Percentile, 2008

Distribution of federal tax change by cash income percentile as a result of H.R. 6049, The Energy and Tax Extenders Act of 2008.
May 20, 2008
Federal Budget and Economy

T08-0074 - Proposed Surtax of 0.47% of Modified AGI Over $500,000 ($1 Million for Joint Returns), Distribution of Federal Tax Change by Cash Income Level, 2009

2009 Distribution of federal tax change by cash income level for the proposed surtax of 0.47% of modified adjusted gross income (AGI less the investment interest expense deduction) in H.R. 2642
May 19, 2008
Federal Budget and Economy

T08-0075 - Proposed Surtax of 0.47% of Modified AGI Over $500,000 ($1 Million for Joint Returns), Distribution of Federal Tax Change by Cash Income Percentile, 2009

2009 Distribution of federal tax change by cash income percentile for the proposed surtax of 0.47% of modified adjusted gross income (AGI less the investment interest expense deduction) in H.R. 2642
May 19, 2008
: Current Law

T08-0077 - Distribution of Tax Units with Business Income by Modified AGI, 2009

Distribution of all tax units and tax units with business income by modified adjusted gross income. Also presents the distribution of tax units by share of total income derived from business sources and modified AGI and the average share of income derived from business sources by modified AGI.
May 19, 2008
Individual Taxes: Current Law

T08-0076 - Distribution of Tax Units with Business Income by Statutory Marginal Tax Rate, 2009

Distribution of all tax units and tax units with business income by statutory marginal tax rate. Also presents the distribution of tax units by share of total income derived from business sources and statutory tax rate and the average share of income derived from business sources by stautory tax
May 19, 2008
: Journal Article

Health Reform Through Tax Reform: A Primer

Tax incentives for employer-sponsored insurance and other medical spending cost about $200 billion annually and have pervasive effects on coverage and costs. This paper surveys a range of proposals to reform health care, either by adding new tax incentives or by limiting or replacing the existing
May 16, 2008Jason Furman