TaxVox: Individual Taxes

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The voices of Tax Policy Center's researchers and staff

Campaigns, Proposals, and Reforms

Romney’s Tax Plan Really Does Favor the Rich

January 30, 2012 –
Despite evidence to the contrary, there is a lingering view that Mitt Romney’s tax plan would primarily help middle-income households and not favor the rich...
Campaigns, Proposals, and Reforms

What the Romney and Gingrich 1040s Tell Us About How We Tax The Rich

January 26, 2012 –
Ernest Hemingway: I am getting to know the rich. Mary Colum: I think you’ll find the only difference between the rich and other people is...
Individual Taxes

President Obama’s Tax Deform Agenda

January 25, 2012 –
For a while there, I thought President Obama was going to embrace tax reform in his State of the Union address. Instead, following the lead...
Individual Taxes

Capital Gains Taxes Are Going Up

January 24, 2012 –
The top tax rate on long-term capital gains is currently 15%. That’s why Mitt Romney is spending so much time talking about his tax returns...
Campaigns, Proposals, and Reforms

Why Do U.S. Investment Funds Operate in Tax Havens?

January 20, 2012 –
Mitt Romney’s holdings in the Cayman Islands have generated lots of interest in investment funds that are managed from the U.S. but incorporated in foreign...
Individual Taxes

Congress Is Back, and So Are Its Battles Over Tax and Budget Policy

January 17, 2012 –
The least popular Congress in memory is back. I, personally, am thrilled. After a year in which lawmakers did almost nothing besides (barely) keeping the...
Individual Taxes

Carlyle, Bain Capital, and the Tax Treatment of “The Carry”

January 12, 2012 –
The on-again, off-again battle over how to tax the compensation of private equity managers may be on again, thanks to the confluence of two seemingly...
Individual Taxes

401(k) Plans May Be a Better Deal for Low Wage Workers Than We Thought

January 10, 2012 –
Tax-deferred 401(k) plans may be a better deal for low-income workers than economists thought, according to new research by my Tax Policy Center colleague Eric...
Individual Taxes

Whatever Happened to All Those Expiring Tax Breaks?

December 29, 2011 –
In two days, 53 targeted tax breaks will, officially at least, die. By the congressional Joint Committee on Taxation’s count , that’s the number of...
Federal Budget and Economy

Note to the Rich: Don’t Spend All of Your Payroll Tax Cut Yet

December 28, 2011 –
After much anguish, Congress finally extended this year’s payroll tax cut for two more months. The final bill passed in nearly empty chambers a couple...