We present new estimates of the budget outlook, incorporating the latest projections by the Congressional Budget Office. Although the official budget figures have improved relative to a year ago (primarily as a result of last summer's debt-limit deal and lower interest rate projections), realistic
2012 Distribution table, by cash income levels, of H.R. 3630: The Middle Class Tax Relief and Job Creation Act of 2012 against a current law baseline which includes the Temporary Payroll Tax Cut Continutation Act of 2011.
2012 Distribution table, by cash income percentiles, of H.R. 3630: The Middle Class Tax Relief and Job Creation Act of 2012 against a current law baseline which includes the Temporary Payroll Tax Cut Continutation Act of 2011.
2012 Distribution table, by cash income levels, of H.R. 3630: The Middle Class Tax Relief and Job Creation Act of 2012 against a current policy baseline which includes the Temporary Payroll Tax Cut Continuation Act of 2011.
2012 Distribution table, by cash income percentiles, of H.R. 3630: The Middle Class Tax Relief and Job Creation Act of 2012 against a current policy baseline which includes the Temporary Payroll Tax Cut Continuation Act of 2011.
The new 2013 budget unveiled by President Obama on Monday again contains the Automatic IRA , which was developed by Brookings' Retirement Security Project in...
Amidst the myriad proposals in President Obama’s budget are two "big ideas" that would raise revenue in a progressive manner without raising taxes. These important...
A value added tax (VAT) with a broad base and a VAT that excludes food, housing, and medical care would both impose larger burdens as a share of income on low-income than on high-income taxpayers. A rebate aimed at low-income taxpayers would reduce their VAT burden more than exclusions of selected
Distribution of effective marginal tax rates, by adjusted gross income, on wages and capital gains, respectively. Rates are shown under current law and current policy, both under each baseline and after implementing Paying a Fair Share Act of 2012.
Distribution of effective tax rates, by adjusted gross income level, as defined by the Paying a Fair Share Act of 2012, measured against current policy.
Investment manager James Ross last week told New York Times columnist James Stewart that his combined federal, state, and local tax rate was 102 percent...
Effective tax rates (ETRs) measure how much people pay in taxes as a percentage of their pretax incomes. That seems simple, but theres an important complication: there are different ways to measure how much someone pays in taxes and how much he collects in pretax income. Those choices matter a
