Tax-favored accounts encourage families to save for education expenses by reducing or eliminating the tax normally owed. But there’s a catch: to reap significant benefits,...

The Low-Income Housing Tax Credit (LIHTC) subsidizes the acquisition, construction, and rehabilitation of affordable rental housing for low- and moderate-income tenants. The LIHTC was enacted...

When corporations based in one country earn profits from production in other countries, the countries involved must decide on the appropriate tax base. Such rules...

Over the past several decades, US multinational corporations have used a variety of techniques to shift profit from the United States to other countries (and,...

As part of the 2017 Tax Cuts and Jobs Act, Congress lowered the tax rate for US corporations’ foreign-derived intangible income (FDII). Congress effectively reduced...

A case for reforming the esi exclusion The exclusion of employer-paid premiums for health insurance from federal income and payroll taxes is the single largest...

TOTAL TAX REVENUE US taxes are low relative to those in other high-income countries (figure 1). In 2018, taxes at all levels of US government...

About 55 percent of federal government spending in fiscal 2010 was mandatory, covering all expenditures that are controlled by laws other than appropriations acts (see...

The United States has taxed the estates of deceased people since 1916. In 1976, Congress linked taxes on estates, gifts made during life ( inter...

At the start of 2017, congressional Republicans often spoke about revenue-neutral tax reform. The revenue losses from tax cuts would be offset by rolling back tax breaks or introducing other taxes, most notably a destination-based cash flow tax—sometimes called the border-adjusted tax...

The Urban-Brookings Tax Policy Center estimates that some 4,000 individuals dying in 2018 left estates large enough to require filing an estate tax return (estates...

Income Tax Base-Broadening Base-broadening involves increasing the portion of income subject to taxation. It is often accompanied by proposals to decrease tax rates. The Bowles-Simpson...