if we want more of a good thing, don’t tax it. So how should we think about the vehicle-mileage tax (VMT) that raises the costs of driving planet-friendly hybrid or electric vehicles?
Would Extending More Generous Tax Credits Increase The Number Of Non-Income Tax Payers? We know the pandemic and the policy response to it dramatically increased...
In a recent report co-authored with University of Chicago Professor Daniel Hemel, I described how our retirement tax system favors the rich disproportionately. But it’s...
The COVID-19 pandemic and the policy response to it led to an extraordinary increase in the number of American households that owed no federal individual income tax in 2020. The Tax Policy Center estimates that last year more than 107 million households, or nearly 61 percent, owed no income tax or even received tax credits from the government.
Mega-IRAs are hot this summer, following a June 2021 report by the nonprofit news service ProPublica that revealed—based on leaked IRS files—that a handful of...
Even close followers of tax news may have been caught off guard when compliance for cryptocurrencies became the hot topic in the Senate’s debate over...
Families began receiving monthly Child Tax Credit (CTC) payments on July 15. For many, those regular payments—currently permitted through the end of the year—will combat...
A key feature of President Biden’s effort to expand government support for low-income families is its increase in the earned income tax credit (EITC) for...
