TaxVox

The voices of Tax Policy Center's researchers and staff

Individual Taxes

Capital Gains Taxes Are Going Up

January 24, 2012 –
The top tax rate on long-term capital gains is currently 15%. That’s why Mitt Romney is spending so much time talking about his tax returns...
Federal Budget and Economy

Why Higher Taxes Will Have to be Part of the Medium- and Long-Term Fiscal Solution

January 23, 2012 –
If we are going to reduce the medium- and long-deficit, new tax revenues must be part of the solution. And those taxes must be progressive...
Campaigns, Proposals, and Reforms

Why Do U.S. Investment Funds Operate in Tax Havens?

January 20, 2012 –
Mitt Romney’s holdings in the Cayman Islands have generated lots of interest in investment funds that are managed from the U.S. but incorporated in foreign...
Campaigns, Proposals, and Reforms

The Santorum Plan: Tax Cuts for (Nearly) All

January 19, 2012 –
Rick Santorum, who may have won the Iowa caucuses after all, favors a huge broad-based tax cut that would massively increase the budget deficit. According...
Federal Budget and Economy

A Federal Umbrella for State Rainy Days?

January 17, 2012 –
As state legislatures return for what promises to be yet another difficult budget year , they ought to be starting to refill their rainy day...
Individual Taxes

Congress Is Back, and So Are Its Battles Over Tax and Budget Policy

January 17, 2012 –
The least popular Congress in memory is back. I, personally, am thrilled. After a year in which lawmakers did almost nothing besides (barely) keeping the...
Individual Taxes

Carlyle, Bain Capital, and the Tax Treatment of “The Carry”

January 12, 2012 –
The on-again, off-again battle over how to tax the compensation of private equity managers may be on again, thanks to the confluence of two seemingly...
Individual Taxes

401(k) Plans May Be a Better Deal for Low Wage Workers Than We Thought

January 10, 2012 –
Tax-deferred 401(k) plans may be a better deal for low-income workers than economists thought, according to new research by my Tax Policy Center colleague Eric...
Campaigns, Proposals, and Reforms

Romney’s Tax Plan: Big Benefits for the Wealthy and Higher Deficits

January 5, 2012 –
A new Tax Policy Center analysis finds that Mitt Romney’s tax plan would cut taxes for millions of households but bestow most of its benefits...
Campaigns, Proposals, and Reforms

Rick Santorum’s Tax Plan

January 3, 2012 –
With Rick Santorum surging in Iowa, it is a good time to take a look at his tax agenda . While his revenue plan has...