Grocery food is exempt from general sales taxes in most states. And among the 13 states that tax it, only Alabama, Mississippi, and South Dakota levy their full tax rate without a credit or rebate.
This paper describes the updated methodology that the Urban-Brookings Tax Policy Center (TPC) uses to estimate the benefits taxpayers receive from proposals that allow them to save through a qualified retirement savings plan. We present tables comparing how we currently measure these benefits and
This Week’s Guest: Michael R. Strain The Urban-Brookings Tax Policy Center is holding a series of online conversations on policy responses to the COVID-19 economy...
Congress is nowhere near an agreement on how much additional federal aid to send to state and local governments. It’s been a worrying situation for months. Now, we should be alarmed.
Over 137 million federal individual income tax returns, or 89% of the total, were filed electronically in fiscal year 2019. Nearly two decades before, in 2000, this share of returns was under 30%.
This table shows the distribution of federal tax change in 2019 by expanded cash income percentile of the combined effect of recovery rebates for individuals...
This table shows the distribution of federal tax change in 2019 by expanded cash income percentile of the additional 2020 recovery rebates for individuals in...
This table shows the distribution of federal tax change in 2019 by expanded cash income level of the combined effect of recovery rebates for individuals...
This table shows the distribution of federal tax change in 2019 by expanded cash income level of the additional 2020 recovery rebates for individuals in...
The federal government's expenditures totaled $4.45 trillion in fiscal year 2019. Nearly two-thirds of the total was spent on major healthcare programs, Social Security, and national defense.