Tax Policy Center

individual income tax

Campaigns, Proposals, and Reforms: TaxVox

The Long Strange Journey of Donald Trump and Partnership Taxes

In my many years of writing about tax policy, I have never seen anything quite like the ongoing affair of Donald Trump and business taxes...
September 20, 2016Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox

The wide tax gulf between Mitt Romney and Donald Trump

As anyone can attest, the 2016 presidential election is very different from the 2012 race. One less obvious contrast is between the tax plans of...
August 4, 2016Yifan Powers
Individual Taxes: TaxVox

Do High State Taxes Drive Away Millionaires? Not Really

Liberals and conservatives have been arguing for years over whether high taxes drive away those with high-incomes. Do millionaires flee from high-tax states to low-tax jurisdictions, as tax-cutting lawmakers claim? Now, in the most extensive look at the question to date, a group of researchers from
May 26, 2016Howard Gleckman
Federal Budget and Economy: TaxVox

CBO Sees a Big Increase in Individual Income Tax Revenues Over the Next Decade

In its semi-annual fiscal update released this week, the Congressional Budget Office projects that federal revenues will remain flat over the next decade, while spending—mostly for health care and Social Security—will rise. The result: Budget deficits, which have been declining in recent years as
August 27, 2015Howard Gleckman
Individual Taxes: TaxVox

For Most Households, It’s About the Payroll Tax, Not the Income Tax

While policymakers obsess about the income tax, they often lose sight of an important detail: For two-thirds of households, the levy that matters most is the payroll tax. According to a new report by the Joint Committee on Taxation, the 80 million tax filers making $40,000 or less will collectively
April 2, 2015Howard Gleckman
Individual Taxes: TaxVox

Who’s Afraid of Income Taxes? New Interactive TPC Tools To Help You Understand the 1040

Need help understanding the 1040 as we enter the homestretch of this year’s tax filing season? The Tax Policy Center has created a new interactive tool to walk you through key parts of the federal income tax, ranging from the mundane to the arcane. In bite-sized pieces, Who’s Afraid of the Form
March 18, 2015Roberton C. Williams
: TaxVox

Tax Fun in the Summertime?

Congress is in recess this week. The Daily Deduction will resume its regular schedule on Monday, February 23. Tax reform’s narrow window, according to House Ways and Means Chair Ryan. “I just think knowing the way the budget process works on tax reform that if we haven't done it in 2015, which is
February 16, 2015Renu Zaretsky
Individual Taxes: TaxVox

What’s Behind That 1040? Check Out TPC’s Interactive Tax Forms

Federal income taxes are complicated. That’s why roughly 90 percent of us either hire someone to prepare our tax returns or use computer software to do the job on our own. Only a tenth of us actually sit down and fill out the forms by hand. But it’s still important to understand what goes onto the
April 9, 2014Roberton C. Williams
Individual Taxes: TaxVox

Utah Lets Same-Sex Couples File Joint Tax Returns

The Utah State Tax Commission yesterday reversed Governor Gary Herbert (R), ruling that same-sex couples may file their 2013 state tax returns as married, as...
January 17, 2014Roberton C. Williams
Individual Taxes: TaxVox

DOMA’s Tax Hassles for Same-Sex Couples

The annual income tax season is no fun for any of us but it can be a lot worse for same-sex couples in California, Nevada,...
March 26, 2013Roberton C. Williams