Individual Taxes

T11-0288 - Option 5: Phase Down Deduction Over 10 Years, Phase in Mortgage Cap Over 10 Years Baseline: Current Law Distribution of Federal Tax Change by Cash Income Level, 2015

Distribution of federal tax change from phase-in of the $500,000 mortgage cap and phasedown of deduction over 10 years in 2015, compared with current law, by cash income level.
August 17, 2011
Individual Taxes

T11-0289 - Option 5: Phase Down Deduction Over 10 Years, Phase in Mortgage Cap Over 10 Years Baseline: Current Policy Distribution of Federal Tax Change by Cash Income Level, 2015

Distribution of federal tax change from phase-in of the $500,000 mortgage cap and phasedown of deduction over 10 years in 2015, compared with current policy, by cash income level.
August 17, 2011
Individual Taxes

T11-0290 - Option 5: Phase Down Deduction Over 10 Years, Phase in Mortgage Cap Over 10 Years Baseline: Current Law Distribution of Federal Tax Change by Cash Income Percentile, 2015

Distribution of federal tax change from phase-in of the $500,000 mortgage cap and phasedown of deduction over 10 years in 2015, compared with current law, by cash income percentile.
August 17, 2011
Individual Taxes

T11-0291 - Option 5: Phase Down Deduction Over 10 Years, Phase in Mortgage Cap Over 10 Years Baseline: Current Policy Distribution of Federal Tax Change by Cash Income Percentile, 2015

Distribution of federal tax change from phase-in of the $500,000 mortgage cap and phasedown of deduction over 10 years in 2015, compared with current policy, by cash income percentile.
August 17, 2011
Individual Taxes

T11-0293 - Option 1: Immediate Full Enactment Benefits from Mortgage Interest Deduction and 15-Percent Non-Refundable Credit, 2015 Baseline: Current Policy

Benefits from mortgage interest deduction and 15-percent non-refundable credit under Option 1: immediate full enactment, against current policy in 2015
August 17, 2011
Individual Taxes

T11-0292 - Option 1: Immediate Full Enactment Benefits from Mortgage Interest Deduction and 15-Percent Non-Refundable Credit, 2015 Baseline: Current Law

Benefits from mortgage interest deduction and 15-percent non-refundable credit under Option 1: immediate full enactment, against current law in 2015
August 17, 2011
Individual Taxes

T11-0294 - Option 2: Phase Down Deduction Over 5 Years, Immediate $500,000 Mortgage Cap Benefits from Mortgage Interest Deduction and 15-Percent Non-Refundable Credit, 2015 Baseline: Current Law

Benefits from mortgage interest deduction and 15-percent non-refundable credit under Option 2: phase down deduction over 5 years, against current law in 2015
August 17, 2011
Individual Taxes

T11-0295 - Option 2: Phase Down Deduction Over 5 Years, Immediate $500,000 Mortgage Cap Benefits from Mortgage Interest Deduction and 15-Percent Non-Refundable Credit, 2015 Baseline: Current Policy

Benefits from mortgage interest deduction and 15-percent non-refundable credit under Option 2: phase down deduction over 5 years, against current policy in 2015
August 17, 2011
Individual Taxes

T11-0296 - Option 3: Phase Down Deduction Over 5 Years, Phase In Mortgage Cap Over 5 Years Benefits from Mortgage Interest Deduction and 15-Percent Non-Refundable Credit, 2015 Baseline: Current Law

Benefits from mortgage interest deduction and 15-percent non-refundable credit under Option 3: Phase Down Deduction Over 5 Years, Phase In Mortgage Cap Over 5 Years, against current law in 2015
August 17, 2011
Individual Taxes

T11-0297 - Option 3: Phase Down Deduction Over 5 Years, Phase In Mortgage Cap Over 5 Years Benefits from Mortgage Interest Deduction and 15-Percent Non-Refundable Credit, 2015 Baseline: Current Policy

Benefits from mortgage interest deduction and 15-percent non-refundable credit under Option 3: Phase Down Deduction Over 5 Years, Phase In Mortgage Cap Over 5 Years, against current policy in 2015
August 17, 2011
Individual Taxes

T11-0298 - Option 4: Phase Down Deduction Over 10 Year, Immediate $500,000 Mortgage Cap Benefits from Mortgage Interest Deduction and 15-Percent Non-Refundable Credit, 2015 Baseline: Current Law

Benefits from mortgage interest deduction and 15-percent non-refundable credit under Option 4: Phase Down Deduction Over 10 Year, Immediate $500,000 Mortgage Cap, against current law in 2015
August 17, 2011
Individual Taxes

T11-0299 - Option 4: Phase Down Deduction Over 10 Year, Immediate $500,000 Mortgage Cap Benefits from Mortgage Interest Deduction and 15-Percent Non-Refundable Credit, 2015 Baseline: Current Policy

Benefits from mortgage interest deduction and 15-percent non-refundable credit under Option 4: Phase Down Deduction Over 10 Year, Immediate $500,000 Mortgage Cap, against current policy in 2015
August 17, 2011
Individual Taxes

T11-0300 - Option 5: Phase Down Deduction Over 10 Years, Phase In Mortgage Cap Over 10 Years Benefits from Mortgage Interest Deduction and 15-Percent Non-Refundable Credit, 2015 Baseline: Current Law

Benefits from mortgage interest deduction and 15-percent non-refundable credit under Option 5: Phase Down Deduction Over 10 Years, Phase In Mortgage Cap Over 10 Years, against current law in 2015
August 17, 2011
Individual Taxes

T11-0301 - Option 5: Phase Down Deduction Over 10 Years, Phase In Mortgage Cap Over 10 Years Benefits from Mortgage Interest Deduction and 15-Percent Non-Refundable Credit, 2015 Baseline: Current Policy

Benefits from mortgage interest deduction and 15-percent non-refundable credit under Option 5: Phase Down Deduction Over 10 Years, Phase In Mortgage Cap Over 10 Years, against current policy in 2015
August 17, 2011
Federal Budget and Economy: Brief

Budget Hawks, Doves Deadlocked? Send in the Foxes.

In a contribution to the Christian Science Monitor, Donald Marron argues for a new way of approaching the U.S.'s budget woes.
August 17, 2011Donald Marron
Federal Budget and Economy: Commentary

Budget Hawks, Doves Deadlocked? Send in the Foxes!

In a contribution to the Christian Science Monitor, Donald Marron argues for a new way of approaching the United States's budget woes.
August 17, 2011Donald Marron
Campaigns, Proposals, and Reforms: TaxVox

Rick Perry, Texas, and Taxes

Texas Governor Rick Perry, the latest entrant in the GOP presidential sweepstakes, swaggers into the race as the very personification of a low-tax, small-government, Lone...
August 16, 2011Howard Gleckman
Individual Taxes: Research report

Options to Reform the Deduction for Home Mortgage Interest

Currently, taxpayers can deduct interest on up to $1 million in acquisition debt used to buy, build, or improve their primary residence or a second designated residence. In addition, taxpayers can deduct interest on up to $100,000 in home equity loans or other loans secured by their properties
August 16, 2011Daniel BanemanHang NguyenJeffrey RohalyEric Toder
Federal Budget and Economy: Brief

Buffett is Right: Raise Taxes on the Wealthy

In a contribution to the CNN.com, Bill Gale discusses the need to raise taxes on the wealthy.
August 16, 2011William G. Gale
Individual Taxes: TaxVox

“Corporations are People” But Which People?

In a shouting match with a demonstrator at the Iowa State Fair yesterday, GOP presidential hopeful Mitt Romney argued against raising corporate taxes, asserting that...
August 12, 2011Roberton C. Williams
Federal Budget and Economy: TaxVox

How Congress Can Cap Tax Breaks

Sooner or later, Congress will realize it needs new revenues to help balance the budget, and trimming tax subsidies is the way to get them...
August 11, 2011Howard Gleckman
Individual Taxes: TaxVox

Congressional Waste: The FAA and Airlines Taxes

Congressional infighting last month over union rules and subsidies for small airports caused a lapse in authorization for the Federal Aviation Administration as well as...
August 10, 2011Roberton C. Williams
Individual Taxes: Current Law

T11-0250 - Tax Expenditure Benefits; Child and Dependent Care Credit; Baseline: Current Law; Distribution by Cash Income Level, 2011

Distribution of federal tax benefits by cash income level from the Child and Dependent Care Tax Credit, compared against a current law baseline, 2011.
August 9, 2011
Individual Taxes: Current Law

T11-0251 - Tax Expenditure Benefits; Child and Dependent Care Credit; Baseline: Current Law; Distribution by Cash Income Percentile, 2011

Distribution of federal tax benefits by cash income percentile from the Child and Dependent Care Tax Credit, compared against a current law baseline, 2011.
August 9, 2011
Individual Taxes: Current Law

T11-0252 - Tax Expenditure Benefits; Charitable Contributions Deduction; Baseline: Current Law; Distribution by Cash Income Level, 2011

Distribution of federal tax benefits by cash income level from the deduction for charitable contributions, compared against a current law baseline, 2011.
August 9, 2011