: Daily Deduction

Parental Leave, Emergency Indexing, and Paying Up

Is Trump’s China trade deal falling apart?
July 31, 2019Renu Zaretsky
: TaxVox

How Much State Spending Is On Autopilot?

In his 2005 State of the State address, California Governor Arnold Schwarzenegger sounded like he was being chased by the new Terminator T1000 : It...
July 31, 2019Tracy GordonC. Eugene SteuerleMegan Randall
Individual Taxes: IndividualHistorical Data

Percentage of Returns by the Highest Applicable Statutory Marginal Tax Rate, 1958-2016

Historical percentage of individual income tax returns, classified by the highest applicable statutory marginal rate, 1958-2016.
July 30, 2019
: Daily Deduction

Refining, Rethinking, and Rewarding

To pay for health care, candidate Harris says she won’t raise taxes on families earning less than $100,000.
July 30, 2019Renu Zaretsky
State and Local Issues: Research report

Fiscal Democracy in the States: Data Appendix

Fiscal Democracy in the States: How Much Spending is on Autopilot? analyzes how much spending was restricted or partially restricted in California, Florida, Illinois, New York, Texas, and Virginia from 2000 to 2015. In this appendix, we document our data sources and methods, including reviews of
July 30, 2019Aravind BoddupalliMegan Randall
State and Local Issues: Research report

Fiscal Democracy in the States: How Much Spending is on Autopilot?

This report was updated on August 29, 2019, to correct a citation in box 7. Proposition 111, approved in California in 1990, was incorrectly cited as Proposition 11 with a year of 1991. Governors, lawmakers, and journalists often decry constitutional and statutory formulas, federal grant
July 30, 2019Tracy GordonMegan RandallC. Eugene SteuerleAravind Boddupalli
: Daily Deduction

More Tariff Threats, Domestic and Abroad

President Trump: Apple leaves a bitter aftertaste. Vive la France? Not so much.
July 29, 2019Renu Zaretsky
For estate tax returns filed in 2017 (which cover deaths in prior years), only 1% of the net revenue came from estates valued under $5 million, while 51% came from those valued over $50 million. The 2017 tax law will further exempt smaller estates from taxation.
July 29, 2019
: Daily Deduction

A Passed Bill, Pride, Spirits, and Power

House passes budget deal.
July 26, 2019Renu Zaretsky
: TaxVox

Rethinking The Presidential Election Campaign Fund

When you filed your tax return last spring, did you check off the "Presidential Election Campaign" box on the Form 1040? Didn’t think so.
July 25, 2019Aravind BoddupalliErin Huffer
: Daily Deduction

A Spending Vote and Extender Hope

House may vote today on the budget deal.
July 25, 2019Renu Zaretsky
Campaigns, Proposals, and Reforms: Distribution Tables by Income Percentile

Table T19-0035 - Distributional Effects of Middle Class Health Benefits Tax Repeal Act of 2019, by Expanded Cash Income Percentile, 2029

Table shows the distributional impacts by expand cash precentile in 2029 of repealing the Affordable Care Act's excise tax on high cost health plans ("Cadillac...
July 24, 2019
Campaigns, Proposals, and Reforms: Distribution Tables by Income Level

Table T19-0036 - Distributional Effects of Middle Class Health Benefits Tax Repeal Act of 2019, by Expanded Cash Income Level, 2029

Table shows the distributional impacts by expand cash level in 2029 of repealing the Affordable Care Act's excise tax on high cost health plans ("Cadillac...
July 24, 2019
Campaigns, Proposals, and Reforms: Distribution Tables by Income Level

Table T19-0034 - Distributional Effects of Middle Class Health Benefits Tax Repeal Act of 2019, by Expanded Cash Income Level, 2022

Table shows the distributional impacts by expand cash level in 2022 of repealing the Affordable Care Act's excise tax on high cost health plans ("Cadillac...
July 24, 2019
Campaigns, Proposals, and Reforms: Distribution Tables by Income Percentile

Table T19-0033 - Distributional Effects of Middle Class Health Benefits Tax Repeal Act of 2019, by Expanded Cash Income Percentile, 2022

Table shows the distributional impacts by expand cash precentile in 2022 of repealing the Affordable Care Act's excise tax on high cost health plans ("Cadillac...
July 24, 2019
Campaigns, Proposals, and Reforms: Revenue Tables

Table T19-0032 - Revenue Impact of Middle Class Health Benefits Tax Repeal Act of 2019, FY 2020-2039

Table shows the revenue impacts of repealing the Affordable Care Act's excise tax on high cost health plans ("Cadillac tax"), which is scheduled to go...
July 24, 2019
: TaxVox

Why Future Tax Reform Must Look Well Beyond Itemized Deductions

For decades, the debate over tax reform has focused on lowering rates and broadening the tax base. That is, curbing or even eliminating the annual...
July 24, 2019C. Eugene Steuerle
: Daily Deduction

Another Lawsuit, A Hard Sell, A Hangover, and a Buzzkill

President Trump sues the House Ways & Means Committee and New York State officials.
July 24, 2019Renu Zaretsky
: Daily Deduction

Maybe Done Is Maybe Not Good

Trump says a budget deal has been reached. Critics call it the worst in history.
July 23, 2019Renu Zaretsky
Individual Taxes: IndividualAMT

AMT Parameters

Alternative minimum tax parameters by filing status, taxable income, and tax bracket, 1993 to 2018.
July 22, 2019
: Daily Deduction

Timing, Benefits, And Still Talking

When it comes to worker bonuses, timing remains everything.
July 22, 2019Renu Zaretsky
About 30% of all individual income tax returns claimed the SALT deduction in 2016, and over 93% of returns with AGI over $200,000. The 2017 tax law changes will sharply reduce both the share of returns claiming the deduction and the amount of the deduction claimed.
July 22, 2019
Individual Taxes: IndividualCreditsLow-IncomeEITC

EITC, TANF, and Food Stamp Participation Rates Among Families with Children, 1990-2016

Chart of EITC, TANF, and food stamp participation rates among families with children.
July 19, 2019
Federal Budget and Economy: OverviewComposition of Taxes

Type of Tax as a Share of Federal Revenues, 1934 - 2018

Historical chart of federal revenues by type of tax: individual, social insurance, corporate or excise.
July 19, 2019
Federal Budget and Economy: Low-IncomeEITC

Spending on the EITC, Child Tax Credit, and AFDC/TANF, 1975 - 2016

Chart of historical real federal spending on tax provisions applying to low income families with children.
July 19, 2019