Business Taxes: Distribution Tables by Income Percentile

T20-0223 - Make Sec199A Deduction for Qualified Business Income (QBI) Permanent: Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2026

Impact on the distribution of federal tax burden from permanently extending the section 199A deduction for qualified business income relative to current law, by income...
July 15, 2020
Business Taxes: Distribution Tables by Income Level

T20-0224 - Make Sec199A Deduction for Qualified Business Income (QBI) Permanent: Distribution of Federal Tax Change by Expanded Cash Income Level, 2030

Impact on the distribution of federal tax burden from permanently extending the section 199A deduction for qualified business income relative to current law, by income...
July 15, 2020
Business Taxes: Distribution Tables by Income Percentile

T20-0225 - Make Sec199A Deduction for Qualified Business Income (QBI) Permanent: Distribution of Federal Tax Change by Expanded Cash Income Percentile, 2030

Impact on the distribution of federal tax burden from permanently extending the section 199A deduction for qualified business income relative to current law, by income...
July 15, 2020
Business Taxes: Revenue Tables

T20-0221 - Make Sec199A Deduction for Qualified Business Income (QBI) Permanent: Impact on Tax Revenue, 2021-30 by Fiscal Year and Total for FY2031-40

Impact on tax revenues from permanently extending the section 199A deduction for qualified business income relative to current law, for fiscal years 2021-30 and total...
July 15, 2020
Individual Taxes: TaxVox

How Can The IRS Do Correspondence Audits When It Can’t Open Its Mail?

Sometimes, the junk mail and the bills pile up unopened on my dining room table. The Internal Revenue Service has me beat. After the COVID-19...
July 15, 2020Janet Holtzblatt
: TaxVox

The COVID-19 Effect: State Sales Tax Receipts Shrank $6 billion in May

May state sales tax receipts shrank by nearly $6 billion, or 21 percent, compared to May 2019, according to data compiled by the Tax Policy...
July 14, 2020Lucy Dadayan
: TaxVox

TPC Builds A Moog—Or How Synthetic Data Could Transform Policy Research

In 1970, Philadelphia’s Franklin Institute got a Moog synthesizer —a giant, unwieldy computer that created music. The sound was weird and quite evidently electronic. My...
July 13, 2020Leonard E. Burman
: Daily Deduction

Rulings that Run The Clock, While Time Runs Out for Coronavirus Relief

Following the Supreme Court’s Vance ruling, Trump must decide by Wednesday whether to challenge a subpoena for his tax documents.
July 13, 2020Renu Zaretsky
The average annual gross tax gap, or the difference between federal taxes owed and the amount paid on time, was $441 billion in 2011-13, according to the IRS's latest estimates. After accounting for late payments and enforcement activities, the net tax gap was $381 billion.
July 13, 2020
Individual Taxes: Distribution Tables by Income Percentile

T20-0213 - Implement a Universal Earned Income Tax Credit (UEITC), Provide a Universal Basic Income (UBI), and Institute an 11 Percent Broad Base VAT, by Expanded Cash Income Percentile, 2023

Distributional estimates by expanded cash income percentile for calendar year 2023 of a proposal that institutes a Universal Earned Income Tax Credit (UEITC) (described here...
July 10, 2020
Individual Taxes: Distribution Tables by Income Level

T20-0214 - Implement a Universal Earned Income Tax Credit (UEITC), Provide a Universal Basic Income (UBI), and Institute an 11 Percent Broad Base VAT, by Expanded Cash Income Level, 2023

Distributional estimates by expanded cash income level for calendar year 2023 of a proposal that institutes a Universal Earned Income Tax Credit (UEITC) (described here...
July 10, 2020
Individual Taxes: Distribution Tables by Income Level

T20-0220 - Implement a Universal Earned Income Tax Credit (UEITC), Expand the Child Tax Credit (CTC), and Institute an 12 Percent Surtax on Taxable Income, by Expanded Cash Income Level, 2028

Distributional estimates by expanded cash income level for calendar year 2028 of a proposal that institutes a Universal Earned Income Tax Credit (UEITC) (described here...
July 10, 2020
Individual Taxes: Distribution Tables by Income Percentile

T20-0219 - Implement a Universal Earned Income Tax Credit (UEITC), Expand the Child Tax Credit (CTC), and Institute an 12 Percent Surtax on Taxable Income, by Expanded Cash Income Percentile, 2028

Distributional estimates by expanded cash income percentile for calendar year 2028 of a proposal that institutes a Universal Earned Income Tax Credit (UEITC) (described here...
July 10, 2020
Individual Taxes: Distribution Tables by Income Level

T20-0218 - Implement a Universal Earned Income Tax Credit (UEITC), Expand the Child Tax Credit (CTC), and Institute an 12 Percent Surtax on Taxable Income, by Expanded Cash Income Level, 2023

Distributional estimates by expanded cash income level for calendar year 2023 of a proposal that institutes a Universal Earned Income Tax Credit (UEITC) (described here...
July 10, 2020
Individual Taxes: Distribution Tables by Income Percentile

T20-0217 - Implement a Universal Earned Income Tax Credit (UEITC), Expand the Child Tax Credit (CTC), and Institute an 12 Percent Surtax on Taxable Income, by Expanded Cash Income Percentile, 2023

Distributional estimates by expanded cash income percentile for calendar year 2023 of a proposal that institutes a Universal Earned Income Tax Credit (UEITC) (described here...
July 10, 2020
Individual Taxes: Distribution Tables by Income Level

T20-0216 - Implement a Universal Earned Income Tax Credit (UEITC), Expand the Child Tax Credit (CTC), and Institute an 12 Percent Surtax on Taxable Income, by Expanded Cash Income Level, 2020

Distributional estimates by expanded cash income level for calendar year 2020 of a proposal that institutes a Universal Earned Income Tax Credit (UEITC) (described here...
July 10, 2020
Individual Taxes: Distribution Tables by Income Percentile

T20-0215 - Implement a Universal Earned Income Tax Credit (UEITC), Expand the Child Tax Credit (CTC), and Institute an 12 Percent Surtax on Taxable Income, by Expanded Cash Income Percentile, 2020

Distributional estimates by expanded cash income percentile for calendar year 2020 of a proposal that institutes a Universal Earned Income Tax Credit (UEITC) (described here...
July 10, 2020
Individual Taxes: Distribution Tables by Income Level

T20-0212 - Implement a Universal Earned Income Tax Credit (UEITC), Expand the Child Tax Credit (CTC), and Institute an 11 Percent Broad Base VAT, by Expanded Cash Income Level, 2028

Distributional estimates by expanded cash income level for calendar year 2028 of a proposal that institutes a Universal Earned Income Tax Credit (UEITC) (described here...
July 10, 2020
Individual Taxes: Distribution Tables by Income Percentile

T20-0211 - Implement a Universal Earned Income Tax Credit (UEITC), Expand the Child Tax Credit (CTC), and Institute an 11 Percent Broad Base VAT, by Expanded Cash Income Percentile, 2028

Distributional estimates by expanded cash income percentile for calendar year 2028 of a proposal that institutes a Universal Earned Income Tax Credit (UEITC) (described here...
July 10, 2020
Individual Taxes: Distribution Tables by Income Level

T20-0210 - Implement a Universal Earned Income Tax Credit (UEITC), Expand the Child Tax Credit (CTC), and Institute an 11 Percent Broad Base VAT, by Expanded Cash Income Level, 2023

Distributional estimates by expanded cash income level for calendar year 2023 of a proposal that institutes a Universal Earned Income Tax Credit (UEITC) (described here...
July 10, 2020
Individual Taxes: Distribution Tables by Income Level

T20-0208 - Implement a Universal Earned Income Tax Credit (UEITC), Expand the Child Tax Credit (CTC), and Institute an 11 Percent Broad Base VAT, by Expanded Cash Income Level, 2020

Distributional estimates by expanded cash income level for calendar year 2020 of a proposal that institutes a Universal Earned Income Tax Credit (UEITC) (described here...
July 10, 2020
Individual Taxes: Distribution Tables by Income Level

T20-0209 - Implement a Universal Earned Income Tax Credit (UEITC), Expand the Child Tax Credit (CTC), and Institute an 11 Percent Broad Base VAT, by Expanded Cash Income Percentile, 2023

Distributional estimates by expanded cash income percentile for calendar year 2023 of a proposal that institutes a Universal Earned Income Tax Credit (UEITC) (described here...
July 10, 2020
Federal Budget and Economy: Virtual Event

The Prescription: Fiscal Policy for the COVID-19 Economy with Raphael Bostic

This Week’s Guest: Raphael Bostic The Tax Policy Center (TPC) is presenting a series of online conversations on policy responses to the COVID-19 economy. These...
July 9, 2020
Federal Budget and Economy: TaxVox

Congress Has No Clear Roadmap For Its Next COVID-19 Response

When Congress returns from its summer break on July 20, its primary job (really, its only job) is to respond to the COVID-19 pandemic. Congress...
July 8, 2020Howard Gleckman
State and Local Issues: IndividualDeductions & ExemptionsStateMain Features of State Tax Systems

Social Security and Pension Income

July 6, 2020