What is it a broad-based income tax? Q.What is a broad-based income tax? A.One that minimizes tax preferences with the goal of increasing revenue for a given rate of taxation. Read more about What is it a broad-based income tax?
How should progressivity be measured? Q.How should progressivity be measured? A. A broad definition of progressivity, that tax burdens rise with household income, masks a host of ambiguities in measuring the effect of a tax change. The percentage change in after-tax income is the most reliable measure of the progressivity of such a change. Read more about How should progressivity be measured?
What are tax extenders? Q.What are tax extenders? A.Several dozen temporary tax breaks expired at the end of 2016 or are scheduled to expire at the end of 2017. They are collectively known as the “tax extenders” because lawmakers likely will consider extending most or all of them. The temporary-but-not-temporary character of these provisions complicates tax policy and budgeting. Read more about What are tax extenders?
