While the Tax Cuts and Jobs Act (TCJA) reduced overall federal receipts by about $1.5 trillion over 10 years, it did modestly reduce the net revenue cost of tax expenditures...
The United States taxes the profits of US resident C-corporations (named after the relevant subchapter of the Internal Revenue Code) at 21 percent. Taxable corporate...
Most US businesses are taxed as pass-through (or flow-through) entities that, unlike C-corporations, are not subject to the corporate income tax or any other entity-level...
As shown in figure 1, federal government current receipts were just under $3.5 trillion in 2018. Tax receipts were 56 percent of the total, contributions...
Numerous tax cuts enacted between 2001 and 2010 were scheduled to expire after 2012, part of the “fiscal cliff” that threatened to cut short nascent...
In 2013, before the major coverage expansions under the Affordable Care Act (ACA), nearly 57 percent of the nonelderly population obtained health insurance coverage through...
