Federal Budget and Economy: Brief

Bush Launches Stealth Attack on Income Tax

Administration's Proposal Would Poison Roots of Tax
[ Charleston (WV) Sunday Gazette Mail ] The growing complexity of the income tax, proposed tax-free "savings accounts," and expansions of tax loopholes are poisoning the income tax and creating a consumption tax by default.
February 23, 2003Leonard E. Burman
Individual Taxes: Research report

Future Income Tax Cuts From the 2001 Tax Legislation

The Economic Growth and Tax Relief Reconciliation Act (EGTRRA) of 2001 back-loaded many of its provisions. For example, EGTRRA reduces the top income tax rate from 38.6 percent currently to 37.6 percent in 2004 and 35 percent in 2006. The future income tax cuts scheduled under EGTRRA have different
February 17, 2003William G. GaleMatthew HallPeter Orszag
Individual Taxes: Brief

The Enron Debacle

Lessons for Tax Policy
The Enron debacle had potential implications in three areas of tax policy: tax-favored retirement plans, stock options, and differences in book versus tax accounting. The most important issue relates to the increasing riskiness of retirement plans that (1) can pay in a lump sum amount, (2) are of
February 13, 2003Jane G. Gravelle
Federal Budget and Economy: Research report

This Is Not Your Daddy's Recession

It happens every time. An administration puts forward an economic package, and then suggests all the wonderful things it is going to do for the economy and for the public. Few costs. Few trade-offs. Win-win. Then opponents start picking apart the pieces. But then they play the same game. We can do
February 10, 2003C. Eugene Steuerle
Federal Budget and Economy: Research report

Perspectives on the Budget Outlook

The release of the Congressional Budget Office's new baseline budget projections on January 29, 2003 offers the opportunity to reassess the fiscal status of the federal government as Congress and the administration consider a new set of budget proposals. This article examines the current budget
February 10, 2003William G. GalePeter Orszag
Federal Budget and Economy: Research report

Fiscal Policy and Economic Growth

A Simple Framework
The effect of fiscal policy on economic growth is a controversial and long-standing topic in economic theory, empirical research, and economic policymaking. It is at the heart of the policy debate surrounding the sharp increases in official federal budget surpluses in the 1990s, the equally sharp
February 3, 2003William G. GalePeter Orszag
Federal Budget and Economy: Research report

Tax Burden on Poor Families Has Declined Over Time

Families with children in poverty receive net subsidies from the federal income and payroll tax system, but that has not always been the case. In the 1970s, income tax filing thresholds were low, and even families in poverty who owed no income tax faced substantial payroll taxes. Congress enacted a
February 3, 2003Elaine MaagDeborah Kobes
Federal Budget and Economy: 2001 Tax Act: Economic Growth and Reconciliation Act

T03-0064 - Extend EGTRRA: Distribution of Income and Estate Tax Change by Percentiles, 2012

2012 Distribution by percentiles of extending the individual income tax and estate tax provisions in EGTRRA.
February 2, 2003
Federal Budget and Economy: Research report

The President's Proposal to Accelerate the Child Tax Credit and Related Options

The Presidents January 7, 2003 economic stimulus proposal for enhancing the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) would, in addition to ending the corporate taxation of dividends and speeding up tax rate and marriage penalty relief, accelerate the increase in the child
January 31, 2003Adam CarassoC. Eugene Steuerle
Federal Budget and Economy: 2003 Tax Act: Administration Proposal

T03-0050 - 50-Percent Exclusion for Dividend Income: Distribution of Income Tax Change by AGI Class, 2003

2003 Distribution by AGI of excluding 50 percent of qualified dividends from individual income taxation.
January 29, 2003
Federal Budget and Economy: 2003 Tax Act: Administration Proposal

T03-0051 - 50-Percent Exclusion for Dividend Income: Distribution of Income Tax Change by AGI Class, Elderly Returns, 2003

2003 Distribution by AGI of excluding 50 percent of qualified dividends from individual income taxation; this table shows the impact on elderly tax filers only.
January 29, 2003
Individual Taxes: 2003 Tax Act: Administration Proposal

T03-0052 - 50-Percent Exclusion for Dividend Income: Distribution of Income Tax Change by AGI Class, Non-Elderly Returns, 2003

2003 Distribution by AGI of excluding 50 percent of qualified dividends from individual income taxation; this table shows the impact on non-elderly tax filers only.
January 29, 2003
Individual Taxes: 2003 Tax Act: Administration Proposal

T03-0054 - Tax Dividends at Long-Term Capital Gains Rates: Distribution of Income Tax Change by AGI Class, 2003

2003 Distribution by AGI of taxing qualified dividends at long-term capital gains rates.
January 29, 2003
Individual Taxes: 2003 Tax Act: Administration Proposal

T03-0055 - Tax Dividends at Long-Term Capital Gains Rates: Distribution of Income Tax Change by Percentiles, 2003

2003 Distribution by percentiles of taxing qualified dividends at long-term capital gains rates.
January 29, 2003
Individual Taxes: 2003 Tax Act: Administration Proposal

T03-0056 - Tax Dividends at Long-Term Capital Gains Rates: Distribution of Income Tax Change by AGI Class, Elderly Returns, 2003

2003 Distribution by AGI of taxing qualified dividends at long-term capital gains rates; this table shows the impact on elderly tax filers only.
January 29, 2003
Individual Taxes: 2003 Tax Act: Administration Proposal

T03-0057 - Tax Dividends at Long-Term Capital Gains Rates: Distribution of Income Tax Change by AGI Class, Non-Elderly Returns, 2003

2003 Distribution by AGI of taxing qualified dividends at long-term capital gains rates; this table shows the impact on non-elderly tax filers only.
January 29, 2003
Individual Taxes: 2003 Tax Act: Administration Proposal

T03-0059 - $1,000 Dividend Exemption: Distribution of Income Tax Change by AGI Class, 2003

2003 Distribution by AGI of excluding $1,000 of qualified dividends from individual income taxation.
January 29, 2003
Individual Taxes: 2003 Tax Act: Administration Proposal

T03-0060 - 50-Percent Exclusion for Dividend Income: Distribution of Income Tax Change by Percentiles, 2003

2003 Distribution by percentiles of excluding 50 percent of qualified dividends from individual income taxation.
January 29, 2003
Individual Taxes: 2003 Tax Act: Administration Proposal

T03-0061 - $1,000 Dividend Exemption: Distribution of Income Tax Change by Percentiles, 2003

2003 Distribution by percentiles of excluding $1,000 in qualified dividends from individual income taxation.
January 29, 2003
Individual Taxes: 2003 Tax Act: Administration Proposal

T03-0062 - $1,000 Dividend Exemption: Distribution of Income Tax Change by AGI Class, Elderly Returns, 2003

2003 Distribution by AGI of excluding $1,000 in qualified dividends from individual income taxation; this table shows the impact on elderly tax filers only.
January 29, 2003
Individual Taxes: 2003 Tax Act: Administration Proposal

T03-0063 - $1,000 Dividend Exemption: Distribution of Income Tax Change by AGI Class, Non-Elderly Returns, 2003

2003 Distribution by AGI of excluding $1,000 in qualified dividends from individual income taxation; this table shows the impact on non-elderly tax filers only.
January 29, 2003
Individual Taxes: 2003 Tax Act: Administration Proposal

T03-0058 - $1,000 Dividend Exemption: Revenue Costs ($ billions), 2003-12

2003-12 calendar and fiscal year revenue effects of excluding $1,000 of qualified dividends from individual income taxation.
January 29, 2003
Federal Budget and Economy: 2003 Tax Act: Administration Proposal

T03-0049 - 50-Percent Exclusion for Dividend Income: Revenue Costs ($ billions), 2003-12

2003-12 calendar and fiscal year revenue effects of exempting 50-percent of qualified dividends from individual income taxation.
January 29, 2003
Individual Taxes: 2003 Tax Act: Administration Proposal

T03-0053 - Tax Dividends at Long-Term Capital Gains Rates: Revenue Costs ($ billions), 2003-12

2003-12 calendar and fiscal year revenue effects of taxing qualified dividends at long-term capital gains rates.
January 29, 2003
Campaigns, Proposals, and Reforms: 2003 Tax Act: Administration Proposal

T03-0046 - Administration's Dividend Exclusion Proposal: Distribution of Income Tax Change by AGI Class, Non-Elderly Returns, 2003

2003 Distribution by AGI of the dividend exclusion proposal contained in the Administration's January 2003 Jobs and Growth tax cut package; this table shows the impact on non-elderly tax filers only.
January 28, 2003