Distribution of federal tax change, by cash income level, of the Gingrich tax plan measured against current policy, assuming that all taxpayers pay the 15 percent flat tax under the proposal.
Distribution of federal tax change, by cash income percentile, of the Gingrich tax plan measured against current policy, assuming that all taxpayers pay the 15 percent flat tax under the proposal.
The charitable property tax exemption can have significant revenue implications for municipalities with large nonprofit sectors and heavy reliance on the property tax. Interest in policies to offset these revenue implications has grown because of the growth of the nonprofit sector in recent decades
Realized income is a widely accepted measure of well-being. This paper examines the relationship between realized income and wealth and economic income, using a national sample of income tax returns matched with estate tax returns to compare the realized property income of individuals with the with
With congressional deficit reduction efforts largely collapsed, the question remains: What are we going to do about the nation’s long-term budget mess? Since any realistic...
Last December, Congress replaced the two-year-old Making Work Pay tax credit (MWP) with this year’s payroll tax cut. That change cut taxes for higher-income workers,...
Comparison of average benefits in 2012 from the Making Work Pay credit and the 2-percentage-point OASDI tax rate cut for employees, compared with current policy, by cash income level.
Comparison of average benefits in 2012 from the Making Work Pay credit and the 2-percentage-point OASDI tax rate cut for employees, compared with current policy, by cash income percentiles.
In his 2011 NTA presidential address, Len Burman argued that tax policy in the US is stymied by lack of high quality data. He argues that the states should be encouraged to experiment and collect the data necessary to evaluate the effects of policies such as tax subsidies for saving. He also argues
In just a few years, the 2010 health reform law will begin providing subsidies to help low- and moderate-income people buy health insurance. And that...
My latest column for the Christian Science Monitor: Tax reform has emerged as a key issue for GOP presidential hopefuls. Texas Gov. Rick Perry wants...
In a contribution to the Christian Science Monitor, Donald Marron agrees that there are good reasons for a simpler tax system, as found in the flat-tax plans of GOP hopefuls Perry, Gingrich, and Cain. But they need to be made more progressive to amount to real tax reform that can pass muster
Two ways of reducing the deficit are imposing a broad VAT with a rebate to offset the burden on low-income households and increasing marginal income tax rates. The prototype VAT would impose a larger burden on low- and middle-income households than raising income tax rates and increase compliance
