Tax Policy Center

Len Burman

Individual Taxes: TaxVox
If you are not a public finance economist and want to understand how the US tax code works, pick up the new version of Taxes...
March 10, 2020Howard Gleckman
Federal Budget and Economy: TaxVox
Are We Beginning An Historic Debate Over Work In The US? What should the federal government do to encourage people to work? Should it try...
April 27, 2018Howard Gleckman
Campaigns, Proposals, and Reforms: TaxVox
President Trump and the congressional Republican leadership promise to unveil a tax plan shortly. If past experience and recent trial balloons are any guide, it...
August 29, 2017Howard Gleckman
Individual Taxes: TaxVox
I was 12 when I first heard “Little Red Corvette,” a profoundly racy song by the late musician Prince. I didn’t really understand the lyrics but remember shouting, “I love this song!” Even though English was their second language, my parents caught its meaning and were not fans. I just rolled my eyes, thinking “What’s wrong with a car?”
May 4, 2016Renu Zaretsky
Campaigns, Proposals, and Reforms: TaxVox
It is only April and we have heard presidential candidates propose some of the biggest and most ambitious tax plans i n modern US history. Donald Trump is proposing the largest tax cut ever, and Ted Cruz is not far behind. Bernie Sanders has proposed the biggest tax increase since World War II. But
April 14, 2016Howard Gleckman
Individual Taxes: TaxVox
It is easy to mock Senator Marco Rubio, who cashed out $68,241 in IRA retirement funds last September. The GOP presidential hopeful, who made about $230,000 last year, told Fox News he needed the dough to prepare for his campaign, buy a new $3,000 refrigerator, and fix his busted a/c. As it happens
May 26, 2015Howard Gleckman
Individual Taxes: TaxVox
It turns out that the first year of tax filing for people who have Affordable Care Act health insurance subsidies was a lot easier than the first year of enrolling in the online exchanges. In contrast to the ACA’s maiden open enrollment season, the initial process of settling up incorrect subsidies
April 29, 2015Howard Gleckman
Individual Taxes: TaxVox
So far, most people with Affordable Care Act insurance subsidies seem to be filing their taxes without huge problems, despite the complexity of the process. However, about half of those who have filed returns with tax prep firm H&R Block and who owe a penalty for not having insurance, have
February 24, 2015Howard Gleckman
Individual Taxes: TaxVox
The Obama Administration, finally acknowledging the seasonal mismatch between the Affordable Care Act’s open enrollment season and the ACA’s tax-based penalties for failing to have insurance, decided on Friday to create a new special enrollment season for this year only . The new window will allow
February 23, 2015Howard Gleckman
: TaxVox
Employers can’t “dump” their employees in ACA exchanges. Some large employers hoped to offer tax-free cash to employees to help them pay Affordable Care Act insurance premiums, a cheaper alternative to covering workers directly. But the IRS ruled against that . The penalty for doing so could cost
May 27, 2014Renu Zaretsky