TaxVox: Individual Taxes

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The voices of Tax Policy Center's researchers and staff

Individual Taxes

What You Should Know About the Budget Outlook

February 8, 2013 –
The Congressional Budget Office released its latest Budget and Economic Outlook earlier this week. As always, the Outlook provides insight into the fiscal status of...
Individual Taxes

Finally, a Permanent Estate Tax, Though Just for the Wealthy Few

February 7, 2013 –
After more than a decade of nearly constant change, the federal estate tax is finally permanent. It’s a bit more onerous than last year’s version...
Individual Taxes

The Immigration Debate: Another Reason We Ought to Separate Work and Family Credits

February 6, 2013 –
In the realm of needless complexity, the work and family tax credits for low-income households rank near the top. The problem is especially challenging for...
Campaigns, Proposals, and Reforms

Can the Income Tax Fund the Government We Want?

February 5, 2013 –
Can the income tax fund the government we seem to want? Probably not. Will lawmakers create a revenue system that will? Not anytime soon. That...
Individual Taxes

The Downside of States as Laboratories for Tax Reform

February 5, 2013 –
With state finances gradually improving , some Republican governors are turning their attention to fundamental tax reform. Louisiana Governor Bobby Jindal has proposed replacing his...
Individual Taxes

Happy Birthday, Income Tax

February 5, 2013 –
The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard...
Individual Taxes

Why the IRS Should be Taxing the Profits of Private Equity Funds as Ordinary Income

February 4, 2013 –
For years, the battle over carried interest has focused on how to tax the compensation of private equity managers. But a careful reading of the...
Individual Taxes

Deficits After ATRA

January 31, 2013 –
The American Taxpayer Relief Act (ATRA) , the New Year’s legislation that effectively forestalled the bulk of the January 2013 fiscal cliff, probably staved off...
Individual Taxes

Camp’s Investment Tax Plan: Implications for Lower Rates on Capital Gains?

January 30, 2013 –
House Ways and Means Committee Chairman Dave Camp (R-MI) has proposed requiring most derivatives investors to pay tax on their annual returns even if they...
Campaigns, Proposals, and Reforms

Payroll Tax Cuts May Boost the Economy More than You Think

January 29, 2013 –
Just as Congress allowed the 2011-12 payroll tax cut to expire, new research by the Federal Reserve Bank of New York suggests that such tax...