TaxVox

Is Buffett Rule a First Step Towards Tax Reform?

April 18, 2012 –

When the president first announced his Buffett Rule–that millionaires should pay at least 30 percent of their income in tax–in the State of the Union...

Individual Taxes

The Turbo Tax Paradox

April 17, 2012 –

Like many of you, I just finished my 2011 tax return. Counting worksheets, it was 59 pages long. It occurs to me that our current...

Individual Taxes

Raising Taxes on the Rich

April 12, 2012 –

This afternoon, I moderated an interesting Tax Policy Center panel on taxing the rich. With the Senate about to debate a Buffett tax on millionaires,...

Federal Budget and Economy

Will the 2010 Health Law Cut the Deficit or Add to It?

April 10, 2012 –

In a new study , Chuck Blahous, who is a public trustee for Medicare and Social Security, concludes that the 2010 health law will add...

Federal Budget and Economy

Using Tax Exempt Bonds to Demolish Homes: Another View

April 10, 2012 –

Last week, I blogged about a plan to use tax-exempt bonds to finance the demolition of vacant homes in distressed Midwestern neighborhoods. Rolf Pendall, director...

Individual Taxes

How Big Are Tax Preferences?

April 9, 2012 –

The tax code is chock full of credits, deductions, deferrals, exclusions, exemptions, and preferential rates. Taken together, such tax preferences will total almost $1.3 trillion...