TaxVox: High-income households

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The voices of Tax Policy Center's researchers and staff

Individual Taxes

Hill Democrats Shift From Raising To Cutting Taxes On The Merely Rich

December 21, 2021 –
Democrats started this year with President Biden’s proposal to raise taxes on high-income households as a way to help pay for an ambitious social spending...
Individual Taxes

Pro Publica’s Billionaires: Stories Behind the Story

June 15, 2021 –
Pro Publica’s recent story about the small amount of tax paid by many of the nation’s billionaires has focused new attention on what critics say...

Five Tax Questions to Ask When Looking at President Biden’s Budget

May 27, 2021 –
President Biden on Friday is set to unveil his first full budget along with Treasury’s Green Book, which will provide the first detailed look at...
Business Taxes

Too Many IRS Audits of Big Businesses Result In No Change In Tax Liability

April 19, 2021 –
Change can be good, right? Maybe or maybe not. But if you are the Internal Revenue Service, “no change” audits never are good. And, for...
Federal Budget and Economy

New Data Tools and Methods Can Help Federal Policymakers Create More Equitable Tax Policy

March 22, 2021 –
On his first day in office, President Biden signed an executive order acknowledging the toll of structural racism in the United States and initiating a...
State and Local Issues

Are State and Local Tax Systems Colorblind?

March 10, 2021 –
Tax policies are commonly viewed as race-neutral or “colorblind”— simply because information on race or ethnicity is not reported on tax returns or explicitly referenced...
Federal Budget and Economy

How Could the United States Pay for Reparations?

February 3, 2021 –
A few years ago, Ta-Nehesi Coates wrote a powerful essay, “The Case for Reparations” for The Atlantic . Reparations, he affirmed, would help close the...
Individual Taxes

A New Look at Racial Wealth Inequalities Before the Pandemic

December 29, 2020 –
The Federal Reserve Board’s 2019 Survey of Consumer Finances (SCF) helps us understand US wealth disparities prior to the COVID-19 pandemic that has disproportionately harmed...
Campaigns, Proposals, and Reforms

President Trump Wants the Affordable Care Act Overturned. It Would Cut Taxes Substantially for High-Income Households

October 27, 2020 –
The highest-income 1 percent of households (those with income more than $788,000) would, on average, receive tax cuts of nearly $28,000.

How Much More Money Could The IRS Collect If Congress Gave Them More Money?

September 28, 2020 –
Would increasing the Internal Revenue Service’s funding for audits increase tax collections by more than the cost? Yes, if the funds are spent wisely.