Distribution of federal tax change in 2011, by cash income level, from eliminating all individual income tax expenditures and the AMT, compared with current law.
Distribution of federal tax change in 2011, by cash income percentile, from eliminating all individual income tax expenditures and the AMT, compared with current law.
The tax entry threshold is the income level at which a person begins paying federal income taxes. Unlike payroll taxes, income taxes do not start at the first dollar of earnings. Rather, the federal income tax system exempts an amount of income from taxation based on the type of tax unit (married
Welcome to the season of jobs plans. GOP presidential hopeful Jon Huntsman offered his last week. President Obama will propose his before Thursday night's football...
Given Washington’s endless partisan nastiness—and thanks to some updated estimates by the Congressional Budget Office--it seems like a good time to revisit an old idea:...
We present new estimates of the budget outlook, incorporating the impact of the recent debt-limit deal and the latest projections by the Congressional Budget Office and the Medicare and Social Security Trustees.Although the official budget figures have improved relative to a year ago (as a result
One possible explanation for the difficulty in controlling the budget is that a major component of spending-tax expenditures-receives privileged status. It is treated as tax cuts rather than spending. This paper explores the implications of that classification and illustrates how it can lead to
Distribution of tax units and effective average income and payroll tax rates under current law, disaggregated by income taxed at preferential tax rates and cash income percentile, 2011.
Distribution of tax units and effective average income and payroll tax rates under current law, disaggregated by income taxed at preferential tax rates and cash income level, 2011.
A graph on the cover of the Congressional Budget Office’s summer budget update illustrates two policy paths we could pursue over the coming decade. One...
Of all the curious rhetoric floating around both Washington and the campaign trail, the strangest may be the demand of many Republicans that Congress raise...
Effective average income, payroll, corporate, estate and federal tax rates under current law, disaggregated by filing status and demographic groups, by cash income level, 2011.
Effective average income, payroll, corporate, estate and federal tax rates under current law, disaggregated by filing status and demographic groups, by cash income percentile, 2011.
Distribution of federal tax benefits by cash income level from the American Opportunity Tax Credit, Lifetime Learning Credit and the tuition and fees deduction, compared against a current law baseline, 2011.
Distribution of federal tax benefits by cash income percentile from the American Opportunity Tax Credit, Lifetime Learning Credit and the tuition and fees deduction, compared against a current law baseline, 2011.
Below is a post I did for Metrotrends on Friday. Financial markets have been on a pretty turbulent roller-coaster following the last minute bargain Congress...
Distribution of federal tax benefits by cash income percentile from the American Opportunity Tax Credit, compared against a current law baseline, 2011.
