TaxVox: Individual Taxes

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The voices of Tax Policy Center's researchers and staff

Federal Budget and Economy

Just How Big is the Payroll Tax Cut?

February 20, 2012 –
The 2-percentage-point payroll tax cut extended by Congress in December and again last week will save workers a total of $114 billion this year, according...
Federal Budget and Economy

President’s 2013 Budget Would Enable Almost All Americans to Save for Retirement

February 16, 2012 –
The new 2013 budget unveiled by President Obama on Monday again contains the Automatic IRA , which was developed by Brookings' Retirement Security Project in...
Federal Budget and Economy

Congress Figures Out How to Finance a Payroll Tax Cut: Borrow the Money

February 15, 2012 –
It looks like Congress is about to assume its default position: In the face of an intractable partisan dispute over how to pay for a...
Individual Taxes

How Would the Buffett Rule Affect Marginal Tax Rates?

February 14, 2012 –
The Paying a Fair Share Act of 2012 (PFSA) – Congress’ first crack at legislating the Buffett rule – would apply a broad-based 30 percent...
Individual Taxes

Raising Revenue in a Progressive Manner Without Raising Tax Rates

February 14, 2012 –
Amidst the myriad proposals in President Obama’s budget are two "big ideas" that would raise revenue in a progressive manner without raising taxes. These important...
Individual Taxes

A Buffett Rule Proposal in Congress

February 9, 2012 –
In his State of the Union speech, President Obama’s called for a new law that would require high-income people to pay at least 30 percent...
Individual Taxes

Should States Use Tax Breaks to Woo Seniors?

February 9, 2012 –
We’ve all seen the articles in Forbes, Kiplingers , or U.S. News trumpeting the best states to live in retirement. A key measure for them...
Individual Taxes

102% Tax Rate? Really?

February 8, 2012 –
Investment manager James Ross last week told New York Times columnist James Stewart that his combined federal, state, and local tax rate was 102 percent...
Federal Budget and Economy

Tax Extenders and Tax Reform

February 2, 2012 –
On Tuesday, I testified before the Senate Finance Committee at a hearing titled “ Extenders and Tax Reform: Seeking Long-Term Solutions .” I was already...
Individual Taxes

Three Strikes and You're Out for Tax Extenders

February 1, 2012 –
On Tuesday, the Senate Finance Committee held a hearing on “Extenders and Tax Reform: Seeking Long-Term Solutions.” It’s about time! The charade of annual or...