What did the American Taxpayer Relief Act of 2012 do? Q.What did the American Taxpayer Relief Act of 2012 do? A.The American Taxpayer Relief Act of 2012 made permanent most of the tax cuts enacted between 2001 and 2010 and extended other temporary tax provisions for between one and five years. Read more about What did the American Taxpayer Relief Act of 2012 do?
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?
Do tax cuts pay for themselves? Q.Do tax cuts pay for themselves? A.At current tax rates, the direct revenue loss from tax cuts almost always exceeds the indirect gain from increased activity or reduced tax avoidance. Tax cuts can, however, partly pay for themselves. How much depends on how people respond to tax changes. Read more about Do tax cuts pay for themselves?
