Federal Budget and Economy: Research report

Are Current Budget Deficits More Worrisome Than Those of the 1980s?

In this article from U.S. Fixed Income Monthly , Rudy Penner argues that the political response today to the deteriorating budget situation is much different from the 1980s. In the 1980s and early 1990s, Congress worked vigorously to restore fiscal responsibility. There is little evidence of that
November 21, 2003Rudolph G. Penner
Campaigns, Proposals, and Reforms: Commentary

HSAs Won't Cure Medicare's Ills

Here's one message from the new "bipartisan" Medicare bill being debated in Congress: low-income elderly people are having a hard time paying for their prescription drugs, so we need...another tax cut for rich people! Today's tax cut for rich people—health savings accounts (HSA)—has been all but
November 21, 2003Leonard E. BurmanLinda J. Blumberg
Federal Budget and Economy: 2002 Tax Act: Job Creation and Worker Assistance Act

T03-0204 - Remove Individual Income Tax Sunsets in EGTRRA, JCWA, and JGTRRA:Distribution of Individual Income and Payroll Tax Changes by Income Class, 2011

2011 Distribution by AGI of removing all sunsets on the individual income tax provisions in the 2001 tax act (EGTRRA), the 2002 tax act (JCWA), and the 2003 tax act (JGTRRA). This table shows the impact on the distribution of individual income and payroll taxes.
November 18, 2003
Federal Budget and Economy

T03-0203 - Remove Individual Income Tax Sunsets in EGTRRA, JCWA, and JGTRRA:Distribution of Individual Income Tax Change by Income Class, 2011

2011 Distribution by AGI of removing all sunsets on the individual income tax provisions in the 2001 tax act (EGTRRA), the 2002 tax act (JCWA), and the 2003 tax act (JGTRRA). This table shows the impact on the distribution of individual income taxes only.
November 3, 2003
Individual Taxes

T03-0199 - Estimated Number of Tax Returns Filed, 2001-2013

2001-13 calendar year projections of the number of individual income tax returns to be filed, by adjusted gross income.
October 20, 2003
Campaigns, Proposals, and Reforms: Revenue Raising Options

T03-0195 - Rollback Top Personal Income Tax Rate to 39.6 Percent: Distribution of Income Tax Change by AGI Class, 2005

2005 Distribution by AGI of rolling back the top individual income tax rate to 39.6 percent in order to finance the $87 billion supplemental spending request for the Iraq war.
October 14, 2003
Campaigns, Proposals, and Reforms: Revenue Raising Options

T03-0196 - Rollback Top Personal Income Tax Rate to 39.6 Percent: Distribution of Income Tax Change by Percentiles, 2005

2005 Distribution by percentiles of rolling back the top individual income tax rate to 39.6 percent in order to finance the $87 billion supplemental spending request for the Iraq war.
October 14, 2003
Campaigns, Proposals, and Reforms: Revenue Raising Options

T03-0197 - Rollback Top Personal Income Tax Rate to 39.6 Percent: Distribution of Income Tax Change by AGI Class, 2005 Relative to Pre-EGTRRA Tax Law Baseline

2005 Distribution by AGI of rolling back the top individual income tax rate to 39.6 percent in order to finance the $87 billion supplemental spending request for the Iraq war. This table shows the impact relative to a pre-2001 tax act (pre-EGTRRA) baseline.
October 14, 2003
Campaigns, Proposals, and Reforms: Revenue Raising Options

T03-0198 - Rollback Top Personal Income Tax Rate to 39.6 Percent: Distribution of Income Tax Change by Percentiles, 2005 Relative to Pre-EGTRRA Tax Law Baseline

2005 Distribution by percentiles of rolling back the top individual income tax rate to 39.6 percent in order to finance the $87 billion supplemental spending request for the Iraq war. This table shows the impact relative to a pre-2001 tax act (pre-EGTRRA) baseline.
October 14, 2003
Federal Budget and Economy: Research report

Tax Expenditures: Revenue Loss Versus Outlay Equivalents

Tax expenditures refer to the revenue losses attributable to provisions of the federal tax laws that deviate from a "normal" tax on income. Although there are debates over precisely what a tax expenditure is, many exclusions, deductions, credits, preferential rates, and deferrals of tax liability--
October 13, 2003Adam CarassoC. Eugene Steuerle
Federal Budget and Economy: Research report

The Budget Outlook: Analysis and Implications

The Congressional Budget Office's midyear update of the economic and budget outlook, released in late August, provides an opportunity to glean new perspectives on the fiscal status of the federal government. In a prior article, we adjusted the baseline projections to provide more appropriate
October 6, 2003William G. GalePeter Orszag
Individual Taxes: Revenue Raising Options

T03-0175 - 5.25 Percent Surtax: Distribution of Income Tax Change by AGI Class, 2004

2004 Distribution by AGI of a 5.25 percent individual income tax surtax to finance the $87 billion supplemental spending request for the Iraq war.
September 29, 2003
Individual Taxes: Revenue Raising Options

T03-0176 - 5.25 Percent Surtax: Distribution of Income Tax Change by Percentiles, 2004

2004 Distribution by percentiles of a 5.25 percent individual income tax surtax to finance the $87 billion supplemental spending request for the Iraq war.
September 29, 2003
Campaigns, Proposals, and Reforms: Revenue Raising Options

T03-0179 - Raise Top Personal Income Tax Rate to 37.5 Percent: Distribution of Income Tax Change by AGI Class, 2004

2004 Distribution by AGI of raising the top statutory individual income tax rate to 37.5 percent to finance the $87 billion supplemental spending request for the Iraq war.
September 29, 2003
Campaigns, Proposals, and Reforms: Revenue Raising Options

T03-0180 - Raise Top Personal Income Tax Rate to 37.5 Percent: Distribution of Income Tax Change by Percentiles, 2004

2004 Distribution by percentiles of raising the top statutory individual income tax rate to 37.5 percent to finance the $87 billion supplemental spending request for the Iraq war.
September 29, 2003
Campaigns, Proposals, and Reforms: Revenue Raising Options

T03-0183 - Top Bracket of 39.6 Percent on Taxable Income Over $1,000,000: Distribution of Income Tax Change by AGI Class, 2004

2004 Distribution by AGI of creating a top statutory individual income tax rate of 39.6 percent on taxable income over $1 million in order to finance the $87 billion supplemental spending request for the Iraq war.
September 29, 2003
Campaigns, Proposals, and Reforms: Revenue Raising Options

T03-0184 - Top Bracket of 39.6 Percent on Taxable Income Over $1,000,000: Distribution of Income Tax Change by Percentiles, 2004

2004 Distribution by percentiles of creating a top statutory individual income tax rate of 39.6 percent on taxable income over $1 million in order to finance the $87 billion supplemental spending request for the Iraq war.
September 29, 2003
Campaigns, Proposals, and Reforms: Revenue Raising Options

T03-0187 - Rollback Top 3 Personal Income Tax Rates to 31, 36, and 39.6 Percent: Distribution of Income Tax Change by AGI Class, 2004

2004 Distribution by AGI of rolling back the top three individual income tax rates to 31, 36 and 39.6 percent in order to finance the $87 billion supplemental spending request for the Iraq war.
September 29, 2003
Campaigns, Proposals, and Reforms: Revenue Raising Options

T03-0188 - Rollback Top Three Personal Income Tax Rates to 31, 36, and 39.6 Percent: Distribution of Income Tax Change by Percentiles, 2004

2004 Distribution by percentiles of rolling back the top three individual income tax rates to 31, 36 and 39.6 percent in order to finance the $87 billion supplemental spending request for the Iraq war.
September 29, 2003
Campaigns, Proposals, and Reforms: Revenue Raising Options

T03-0191 - Top Bracket of 39.6 Percent on Taxable Income Over $900,000: Distribution of Income Tax Change by AGI Class, 2005

2005 Distribution by AGI of creating a top statutory individual income tax rate of 39.6 percent on taxable income over $900,000 in order to finance the $87 billion supplemental spending request for the Iraq war.
September 29, 2003
Campaigns, Proposals, and Reforms: Revenue Raising Options

T03-0192 - Top Bracket of 39.6 Percent on Taxable Income Over $900,000: Distribution of Income Tax Change by Percentiles, 2005

2005 Distribution by percentiles of creating a top statutory individual income tax rate of 39.6 percent on taxable income over $900,000 in order to finance the $87 billion supplemental spending request for the Iraq war.
September 29, 2003
Federal Budget and Economy: Revenue Raising Options

T03-0173 - Rollback Options: Static Revenue Impact ($ billions), 2003-13

2003-13 calendar and fiscal year static revenue impacts of rolling back the top marginal individual income tax rate to 37, 37.5, or 39.6 percent to finance the Iraq war or other spending priorities.
September 29, 2003
Campaigns, Proposals, and Reforms: Revenue Raising Options

T03-0174 - War Financing Options: Static Revenue Impact ($ billions), 2003-13

2003-13 calendar and fiscal year static revenue impacts of five options to finance the $87 billion supplemental spending request for the Iraq war.
September 29, 2003
Federal Budget and Economy

T03-0193 - Combined Effect of EGTRRA and JGTRRA: Distribution of Income Tax Change by AGI Class, Pre-EGTRRA Baseline, 2004

2004 Distribution by AGI of the individual income tax provisions in both the 2001 tax act (EGTRRA) and the 2003 tax act (JGTRRA).
September 29, 2003
Federal Budget and Economy

T03-0194 - Combined Effect of EGTRRA and JGTRRA: Distribution of Income Tax Change by Percentiles, Pre-EGTRRA Baseline, 2004

2004 Distribution by percentiles of the individual income tax provisions in both the 2001 tax act (EGTRRA) and the 2003 tax act (JGTRRA).
September 29, 2003