Tax Policy Center

individual income tax

Individual Taxes: TaxVox

Making The TCJA’s Individual Tax Cuts Permanent Would Add More than $3 Trillion To The Federal Debt, Mostly Benefit High-Income Households

During the recent congressional election campaign, House Republicans said one of their top priorities would be to make permanent the individual tax changes in the...
November 30, 2022Howard Gleckman
Individual Taxes: TaxVox

What Will The Mid-Term Election Mean For Tax Policy?

With Democrats retaining narrow control of the Senate and Republicans on the cusp of winning the barest of majorities in the House, it will be...
November 16, 2022Howard Gleckman
Individual Taxes: TaxVox

TPC: The Number Of Those Who Don’t Pay Federal Income Tax Drops To Pre-Pandemic Levels

After dramatically rising during the worst of the pandemic, the number of households who pay no federal income tax has fallen sharply. It will remain...
October 27, 2022Howard Gleckman
Federal Budget and Economy: TaxVox

Ignore the Debate Over Whether the Inflation Reduction Act Raises Taxes on Those Making $400,000 Or Less

As Congress is about to pass the Inflation Reduction Act, Washington is once again having a breathless debate over very little. This one is about...
August 12, 2022Howard Gleckman
Individual Taxes: TaxVox

Cryptocurrency Is Primarily An Investment, Not Money. It Should Be Taxed That Way

Senators Pat Toomey (R-PA) and Kyrsten Sinema (D-AZ) have proposed exempting cryptocurrency transactions of $50 or less from capital gains taxes. While it seems like...
August 1, 2022Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

Build Back Better 2.0 Still Raises Taxes For High Income Households And Reduces Them For Others

In a new analysis , the Tax Policy Center estimates that the major tax changes in the latest version of President Biden’s Build Back Better...
November 11, 2021Howard Gleckman
Individual Taxes: TaxVox

How The Democrats’ New Millionaire Surtax Would Work

How The Democrats’ New Millionaire Surtax Would Work Democrats, scrambling to find a way to tax high-income households that Congress is willing to enact, appear...
October 28, 2021Howard Gleckman
Federal Budget and Economy: TaxVox

TPC: The Ways & Means Reconciliation Bill Would Raise Taxes On High Income Households, Cut Taxes On Average For Nearly Everyone Else

All major provisions of the House Ways & Means Committee’s budget reconciliation tax bill would cut 2022 taxes on average for households making $200,000 or...
September 28, 2021Howard Gleckman
Federal Budget and Economy: TaxVox

Neal’s Tax Bill Is Big And Bold, With Hits and Misses

The most important thing to know about the tax bill proposed by House Ways & Means Committee Richard Neal (D-MA) is that it’s big. The...
September 14, 2021Howard Gleckman
Individual Taxes: TaxVox

Would Extending More Generous Tax Credits Increase The Number Of Non-Income Tax Payers?

Would Extending More Generous Tax Credits Increase The Number Of Non-Income Tax Payers? We know the pandemic and the policy response to it dramatically increased...
August 25, 2021Howard Gleckman