TaxVox

The voices of Tax Policy Center's researchers and staff

Individual Taxes

There Are Better Ways To Tax The Rich Than A Wealth Tax Or A 70 Percent Top Rate

February 4, 2019 –
Taxing the rich is suddenly all the rage among many of the Democratic party’s highest profile politicians. There is a better way to do it....
Federal Budget and Economy

The Federal Deficit Is Headed For $1 Trillion. Should We Care?

January 29, 2019 –
In its annual budget update, the Congressional Budget Office projected yesterday that under current law the federal deficit is headed for $1 trillion by 2022...
Campaigns, Proposals, and Reforms

Inside The Warren Vs. Harris Battle Over Tax Progressivity

January 28, 2019 –
Senators Elizabeth Warren (D-MA) and Kamala Harris (D-CA) both want to be elected President of the United States in 2020. Both believe that the federal...
Business Taxes

Should Congress Use The Income Tax To Discourage Consumer Drug Ads?

January 28, 2019 –
Senator Jeanne Shaheen (D-NH) and a score of Democratic cosponsors want to use the tax code to discourage direct-to-consumer advertising by drug companies. Their bill,...

How To Choose Among Tax Credits That Aim To Support Work, Children, And Poverty Reduction

January 28, 2019 –
High-profile Democrats are floating ambitious proposals to reduce economic pressure on working Americans by expanding or supplementing tax credits for low- and middle-income families. These...
State and Local Issues

Your Guide to States and Localities: The Governments That Are Still Open

January 25, 2019 –
Whenever the federal government goes completely nuts , it can be comforting to remember the United States is a highly decentralized country . Fifty states...

Treasury Left The Door Open To The 20-Percent Tax Deduction For Pass-Through Businesses

January 24, 2019 –
Last Friday, Treasury finalized its regulations for the special 20-percent tax deduction for income from pass-through businesses, which was added by the 2017 Tax Cuts...
Business Taxes

How Should The US Spend Carbon Tax Revenue?

January 24, 2019 –
The debate over a carbon tax is about two big things: The most obvious is whether a tax at politically acceptable levels could significantly slow...

How The Partial Government Shutdown Will Affect You This Tax Filing Season

January 18, 2019 –
Tax filing season is due to begin in 10 days. Will the IRS will be able to process returns as usual?
Individual Taxes

The New 1040 Will Fit On A (Big) Postcard, But It Won’t Make Tax Filing Any Simpler

January 15, 2019 –
When tax filing season begins in a few weeks, you’ll likely hear senior Trump Administration officials and some congressional Republicans boasting yet again about how...