Distribution by expanded cash income level of the impacts of: repealing the Affordable Care Act's: 3.8 percent net investment income tax (NIIT), which applies to...
Distribution by expanded cash income percentile of the impacts of: repealing the Affordable Care Act's: 3.8 percent net investment income tax (NIIT), which applies to...
Pass-through businesses (sole proprietorships, partnerships, and S-corporations) comprised 95% of all US business tax returns in 2015, but only 40% of business receipts, with traditional C-corporations accounting for the rest.
Treasury Secretary Steven Mnuchin and the IRS are right: Because the hundreds of billions of dollars the businesses are getting through the Coronavirus Aid, Relief,...
In this report, we compare revenue equivalent alternatives to the $10,000 annual limit on the state and local tax (SALT) deduction enacted in the 2017 Tax Cuts and Jobs Act (TCJA). We consider options that would limit all itemized deductions, not just the SALT deduction, and an additional option
The alternative cash-flow method estimates the tax expenditures as the tax saving from deductions for qualified retirement plans, the savers’ credit, and current income accrued...
The present value method estimates the tax expenditure as the difference between the present value of future retirement benefits from current-year contributions to retirement saving...
The proposal would change the maximum combined employer and employee contribution limit before catch-up contributions to $15,000 per employee. Catch-up contributions remain as under the current law.
The proposal would change the maximum combined employer and employee contribution limit before catch-up contributions to $20,000 per employee. Catch-up contributions remain as under the current law.
The proposal would change the maximum combined employer and employee contribution limit before catch-up contributions to $15,000 per employee. Catch-up contributions would be repealed.
The proposal would change the maximum combined employer and employee contribution limit before catch-up contributions to $20,000 per employee. Catch-up contributions would be repealed.
The proposal would repeal the deduction of elective contributions for individual retirement accounts (IRAs), Keogh plans, and employer-sponsored defined-contribution accounts, and introduce a revenue-neutral refundable...
The proposal would repeal the deduction of elective contributions for individual retirement accounts (IRAs), Keogh plans, and employer-sponsored defined-contribution accounts, and introduce a revenue-neutral nonrefundable...
The proposal would repeal the deduction of elective contributions for individual retirement accounts (IRAs), Keogh plans, and employer-sponsored defined-contribution accounts, but continue to allow Roth contributions.
The proposal would repeal the deduction of elective contributions for individual retirement accounts (IRAs), Keogh plans, and employer-sponsored defined-contribution accounts, but continue to allow Roth contributions.
The proposal would repeal tax deductions for new contributions to retirement saving plans. These contributions remain eligible for the savers’ credit. Tax burden changes include...
The proposal would repeal tax deductions for new contributions to retirement saving plans. These contributions remain eligible for the savers’ credit. Tax burden changes include...
The Treasury/JCT Method estimates the tax expenditure as the sum of the tax saving from deductions to qualified retirement saving plans, the savers’ credit, and...
One of President Trump’s demands for the next COVID-19 relief bill is restoration of the tax deduction for business meals and entertainment expenses. Since the...
On March 30, the Congressional Budget Office (CBO) released its analysis of President Trump’s proposed budget for fiscal year 2021. The president submitted this budget on February 10, 2020, when the pandemic was in its early stages in the US and before the enactment of major relief bills in
Number of returns, total receipts, business receipts, net income (less deficit), net income, and deficit, by form of business, tax years 1980 to 2015. Includes...
