TaxVox: High-income households

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The voices of Tax Policy Center's researchers and staff

Campaigns, Proposals, and Reforms

Inequality Is A Big And Growing Issue, But A Wealth Tax May Not Be The Solution

January 23, 2020 –
Wealth inequality in the US is a problem. Wealth taxes may not be the solution...

State And Local Governments Have A Role To Play In Reducing The Wealth Gap

January 17, 2020 –
Every Democratic candidate for president has a plan to address growing inequality in America (on January 16, the Tax Policy Center sponsored a program on...

Would Wealth Taxes Solve Wealth Inequality?

January 15, 2020 –
Democracies become oligarchies when wealth is too concentrated. So begins a letter by Berkeley economists Emmanuel Saez and Gabriel Zucman about presidential candidate Bernie Sanders’...

Effective Income Tax Rates Have Fallen For The Top One Percent Since World War II

January 6, 2020 –
For the individual income tax, effective tax rates — measured as federal income tax divided by adjusted gross income (AGI) —have fallen significantly over the...
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...