TaxVox: High-income households

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The voices of Tax Policy Center's researchers and staff

Individual Taxes

A Wealth Tax Will Encourage More Spending By The Rich—And Maybe More Political Donations

October 31, 2019 –
Whatever else they do, the wealth taxes proposed by senators and Democratic presidential hopefuls Elizabeth Warren (D-MA) and Bernie Sanders (I-VT) will encourage the very...
Federal Budget and Economy

Saez and Zucman Say Everything You Thought You Knew About Tax Policy Is Wrong

October 23, 2019 –
A new book by economists Emmanuel Saez and Gabriel Zucman, The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay,...
Individual Taxes

Are US Billionaires Really Paying A Lower Tax Rate Than Working People? Probably Not.

October 11, 2019 –
Economists Emmanuel Saez and Gabriel Zucman of the University of California at Berkeley have a new book that has generated an enormous amount of attention...
Individual Taxes

Can A Wealth Tax Raise The Revenue Its Sponsors Hope?

September 24, 2019 –
The wealth tax is having a moment. At least two current Democratic presidential hopefuls have proposed some form of the tax.
Individual Taxes

How Should We Tax The Rich

September 10, 2019 –
Assume, for the sake of argument, you believe the wealthiest Americans are undertaxed. And you are desperately seeking new revenue. What would you do?
Individual Taxes

The Lowest-Income Families Could Receive Larger Child Tax Credits With A Few Changes To The Tax Code

April 5, 2019 –
The child tax credit (CTC) provides a credit of up to $2,000 per child for families with children under 17. But low-income families often get...

A Cool Tool That Shows How Various Elements Of The TCJA Affect Revenues And Incomes

March 26, 2019 –
How did key elements of the 2017 Tax Cuts and Jobs Act (TCJA) affect the after-tax incomes of various income groups? And what would happen...

Fixing The TCJA: Restore The Personal Exemption

March 21, 2019 –
Now that Democrats have taken control of the House of Representatives, some lawmakers are looking for ways to rewrite the 2017 Tax Cuts and Jobs...
Individual Taxes

"Let Me Tell You About The Very Rich. They Are Different From You And Me.”

March 18, 2019 –
F. Scott Fitzgerald wasn’t talking about the way they make their money, or the taxes they pay, but he could have been. According to a...
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....