Distribution tables, for 2011 by cash income quintiles, showing the number of tax units with no income tax liabilty due to a specific tax expenditure alone.
Distribution table, for 2011 by cash income levels, showing the number of tax units without income tax liabilty and those with negative income tax liability as well as whether this is from standard tax provisions or tax expenditures.
Distribution table, for 2011 by cash income quintiles, showing the number of tax units without income tax liabilty and those with negative income tax liability as well as whether this is from standard tax provisions or tax expenditures.
Much has been made of TPC’s estimate that fully 46 percent of Americans will pay no federal individual income tax this year. Commentators have often...
About 46 percent of American households will pay no federal individual income tax in 2011, roughly half of them because of structural features of the income tax that provide basic exemptions for subsistence level income and for dependents. The other half are nontaxable because tax expenditures
Much has been written about how a failure to reach agreement on the federal debt limit would affect the economy and global financial markets. Lately,...
The debt limit contretemps in Washington during these sweltering summer days threatens to end in financial disaster if Congress and the president can’t agree on...
The bipartisan deficit reduction plan proposed by the so-called “Gang of Six” senators includes very few specifics. Oddly, one would repeal the Community Living Assistance...
The Senate’s bipartisan on again/off again Gang of Six has proposed an ambitious tax and spending package that closely follows the plan offered six months...
Give Sen. Tom Coburn(R-OK) credit. In a city where obfuscation and misdirection are the coin of the realm, the conservative Republican lets you know exactly...
There has been a lot of talk in Washington recently about “job-killing tax increases.” Raising taxes, the argument goes, would lead businesses to hire fewer...
Let me see if I have this right: Senate Republican Leader Mitch McConnell (R-KY) has effectively embraced the debt limit plan first offered months ago...
A constitutional amendment that would require a balanced federal budget has again gained favor, especially among Republicans. The proponents should be forced to answer an...
Distribution of tax units with zero or negative individual income tax liability, under Administration?s FY2012 Budget Proposals, by cash income percentile, 2013.
