TaxVox: High-income households

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The voices of Tax Policy Center's researchers and staff

Individual Taxes

There Are Better Ways To Tax The Rich Than A Wealth Tax Or A 70 Percent Top Rate

February 4, 2019 –
Taxing the rich is suddenly all the rage among many of the Democratic party’s highest profile politicians. There is a better way to do it....
Business Taxes

Raise the 15 Percent Tax Rate on Capital Gains To Boost Revenue In A Progressive Way

October 11, 2017 –
Republican leaders have several challenges to overcome before they can pass a big tax bill. Here are two: (1) They need revenue to pay for...
Individual Taxes

Caught Again By The AMT

May 12, 2017 –
Like many of the five million tax filers who must pay the Alternative Minimum Tax (AMT), I am trapped. I wrote a big check to...
Individual Taxes

Do High State Taxes Drive Away Millionaires? Not Really

May 26, 2016 –
Liberals and conservatives have been arguing for years over whether high taxes drive away those with high-incomes. Do millionaires flee from high-tax...
Individual Taxes

Why One Hedge Fund Manager Really May Be Leaving New Jersey

May 6, 2016 –
The New York Post recently reported that hedge fund manager David Tepper is going to “ destroy New Jersey ” by moving to Florida. He will do this,...
Individual Taxes

Why The Top 2 Percent Pay Lots of Tax: Evidence from President Obama’s 1040

April 15, 2015 –
The White House released Barack Obama’s 2014 tax return last week. It showed that the President and First Lady paid $93,362 in federal taxes on a...
Individual Taxes

How much does the tax code reduce inequality?

April 10, 2015 –
This post originally appeared on Up Front , the Brookings Institution's blog. There is, for good reason, a lot of focus these days on the widening...