GAO | Tax Policy Center

New GAO Report Underscores Importance of Better Data To Study Race and Taxes

While the federal income tax system may appear “colorblind” or race-neutral to some, it can mitigate or exacerbate racial inequities . Unfortunately, the IRS does...

June 2, 2022Aravind Boddupalli

State and Local Issues: TaxVox

Will A Global Opioid Settlement Mimic The 1990s Tobacco Experience?

For states, opioids may become the new tobacco. That is to say, states increasingly believe lawsuits against drugmakers and others are a potential source of significant revenue

June 6, 2019Howard Gleckman

Individual Taxes: TaxVox

The Small, Happy World of Supersized IRAs

When Mitt Romney released his tax return information during the 2012 presidential campaign, many of us were introduced to the world of supersized IRAs. Romney somehow had a tax-preferred retirement nest egg valued at $101 million. Maybe he got there by making standard annual contributions and

October 14, 2014Howard Gleckman

: TaxVox

Will Tax Reform See Light at the End of the Next Tunnel?

Jack Lew on corporate inversions: “Action is going to be taken.” Treasury Secretary Jack Lew says that ”any company considering an inversion is now on notice that there is action that is going to be taken.” Administrative curbs would limit the economic benefits of inversions but only congressional

September 19, 2014Renu Zaretsky

: TaxVox

Havens Abroad, Shelters Ashore

No more tax havens abroad? The Organization for Economic Cooperation and Development released its plan to limit corporate tax avoidance . All 34 OECD members plus 10 other countries including China and Russia have approved the proposals, though each nation must still implement them. The

September 17, 2014Renu Zaretsky