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TaxVox: Individual Taxes

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The voices of Tax Policy Center's researchers and staff

Individual Taxes

The COVID-19 Pandemic Drove A Huge, But Temporary, Increase in Households That Did Not Pay Federal Income Tax

August 18, 2021 –
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 Reflect Mega Legislative Mistakes

August 13, 2021 –
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...
Individual Taxes

Understanding the Heated Debate Over Cryptocurrencies and Tax Compliance

August 10, 2021 –
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...
Individual Taxes

Crypto Confusion Shows Why Congress Is Broken

August 10, 2021 –
In what has become common practice, a handful of senators and Administration staffers tried over a few days to draft a highly complex bit of...
Individual Taxes

How Can Congress Protect Families Who Receive Excessive Child Tax Credit Payments?

August 10, 2021 –
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...
Individual Taxes

How Can the Retirement System Help More People Afford Retirement?

August 4, 2021 –
You don’t have to be a mechanic to drive a car, and you shouldn’t have to be a financial expert to prepare for a secure...
Individual Taxes

Biden’s Expanded EITC Adds Significant Marriage Penalties

August 3, 2021 –
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...
Individual Taxes

Want To Know Why A Wealth Tax Won’t Work? Remember The Time Michael Jackson’s Estate Landed in Tax Court

July 12, 2021 –
If you want to know why a wealth tax would be an administrative nightmare, take a look at the dispute over the estate of pop...

How Should Congress Fund Investments in The Internal Revenue Service’s Infrastructure?

July 7, 2021 –
Congress is moving toward rectifying the decade-long funding crisis at the IRS . The House is on track to adopt President Biden’s proposed $1.6 billion...

Tax-Exempt Hospitals and Charity Care: Should Those Hospitals Do More?

July 7, 2021 –
A recent Wall Street Journal report made me wonder.
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Brief

State Revenue Forecasts Before COVID-19 and Directions Forward

Lucy Dadayan
April 2, 2020

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  • Howard Gleckman
    Senior Fellow
  • Mark J. Mazur
  • Kim S. Rueben
    Sol Price Fellow
  • Janet Holtzblatt
    Senior Fellow
  • Eric Toder
    Institute Fellow and Codirector, Tax Policy Center
  • William G. Gale
    Codirector
  • Leonard E. Burman
    Institute Fellow

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