Tax Policy Center

marginal tax rate

Federal Budget and Economy: TaxVox

Tax Reform Affects The Level Of Economic Output -- Not The Long-Run Growth Rate

President Trump and his top economic advisers often argue that a major tax reform would permanently boost the nation’s economic growth rate to 3 percent...
September 18, 2017Benjamin R. Page
Individual Taxes: TaxVox

Marginal Tax Rates Matter More than Average Tax Rates

Each year when I complete my federal income tax return, Turbotax tells me my average tax rate—how much tax I owe measured as a percentage...
October 9, 2012Roberton C. Williams
Individual Taxes: TaxVox

Reduce Tax Rates on Low-Income Families by Extending Tax Phase-Outs

An ominous announcement for a House Ways & Means Committee joint hearing on “how welfare and tax benefits can discourage work” seemed a set-up to...
June 29, 2012Elaine Maag
Individual Taxes: TaxVox

Was Buffett Right? Do Workers Pay More Tax than Their Bosses?

When Warren Buffett called for higher taxes on the wealthy in a New York Times op-ed last week, the billionaire investor argued that he and...
August 23, 2011Roberton C. Williams