TaxVox: Individual Taxes

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The voices of Tax Policy Center's researchers and staff

Individual Taxes

Chairman Camp Agrees: Too Many Choices Burden our Tax System

January 28, 2013 –
Last week’s draft plan by House Ways & Means Committee Chair Dave Camp (R-MI) to reform the taxation of financial products includes two key changes...
Individual Taxes

Earned Income Tax Awareness Day

January 25, 2013 –
As tax filing season approaches, the IRS is reminding low-income families about the Earned Income Tax Credit (EITC). The EITC provides a wage subsidy for...
Federal Budget and Economy

How Obama’s Inaugural Address Frames the Policy Debate for the Next Decade

January 22, 2013 –
“We must make the hard choices to reduce the cost of health care and the size of our deficit. But we reject the belief that...
Individual Taxes

How the New Tax Act Affects the Alternative Minimum Tax

January 18, 2013 –
In the alphabet soup of Washington, ATRA fixed the AMT , sort of. In English, the newly enacted American Taxpayer Relief Act of 2012 will...
Campaigns, Proposals, and Reforms

A Tiny Little Blog Post on a Tiny Little Tax Bracket

January 17, 2013 –
Weird Tax Fact of the Day: The fiscal cliff deal (aka the American Taxpayer Relief Act of 2012 ) created what may be the world’s...
Federal Budget and Economy

Japan (Re)Tries Fiscal Stimulus

January 15, 2013 –
Last week Japan announced a massive stimulus package designed to jumpstart its slumping economy, which is in the midst of its fifth recession in 15...
Individual Taxes

Should Louisiana Dump Its Income Tax for a Bigger Sales Tax?

January 14, 2013 –
Last week Louisiana’s Republican Governor Bobby Jindal proposed replacing the state’s individual income and corporate taxes with a higher sales tax. While details are scarce,...
Individual Taxes

No, Ari, The Cliff Deal Will Raise The Economic Incentive To Give To Charity

January 8, 2013 –
Huffington Post reports on this tweet/warning from former Bush press secretary, Ari Fleischer: I increased donations to charity in 2012. This deal limits my deductions...
Individual Taxes

TPC Tax Calculator Shows What Avoiding Fiscal Cliff Means for Taxpayers

January 3, 2013 –
Following Congress’s last minute passage of legislation averting a plunge off the fiscal cliff, TPC has released a new Tax Calculator that lets users examine...
Federal Budget and Economy

Congress Kicks the Fiscal Can off the Front Stoop

January 1, 2013 –
In the end, it looks like Congress isn’t even going to kick the fiscal can down the road. Assuming the House passes the deal agreed...