Tax Policy Center

Tax Policy Center

Business Taxes: TaxVox

Are Billionaire Taxes Falling? That Depends On Who You Think Pays Corporate Taxes.

In a recent New York Times column (paywall), Berkeley economist Gabriel Zucman calculated that the highest-income Americans pay only about 23 percentof their income in...
May 16, 2024Howard Gleckman
Federal Budget and Economy: TaxVox

How The Anti-Tax Movement Changed Politics and Government

How The Anti-Tax Movement Changed Politics and Government In his new book, law professor Michael Graetz makes a provocative argument: The modern anti-tax movement is...
April 2, 2024Howard Gleckman
Individual Taxes: TaxVox

The House GOP’s Higher Standard Deduction Means Even Fewer Households Should Care About The SALT Fight

As House Republicans engage in a nasty internal battle over whether to raise the $10,000 cap on the state and local tax (SALT) deduction, a...
September 7, 2023Howard Gleckman
Individual Taxes: TaxVox

Fixing The IRS Will Require Much More Than Hiring Additional Staff

As usual, the politicians are missing the point: Success or failure of the IRS’s ambitious plan to spend $80 billion in new money won’t be...
April 19, 2023Howard Gleckman
Federal Budget and Economy: TaxVox

Biden’s Budget Would Raise Taxes On High-Income Households, Cut Them For Many Others

The revenue provisions of President Biden’s fiscal year 2024 budget would lower after-tax incomes by an average of about $2,300 next year, according to a...
March 23, 2023Howard Gleckman
Individual Taxes: TaxVox

Who Would Benefit From Restoring The Full CTC, EITC, and The TCJA’s Business Tax Breaks?

This blog has been revised, reflecting TPC’s recalculated analysis of proposals to reduce business taxes that are under discussion in Congress. TPC’s initial analysis over-estimated...
December 7, 2022Howard Gleckman
Individual Taxes: TaxVox

Making The TCJA’s Individual Tax Cuts Permanent Would Add More than $3 Trillion To The Federal Debt, Mostly Benefit High-Income Households

During the recent congressional election campaign, House Republicans said one of their top priorities would be to make permanent the individual tax changes in the...
November 30, 2022Howard Gleckman
Individual Taxes: TaxVox

TPC: The Number Of Those Who Don’t Pay Federal Income Tax Drops To Pre-Pandemic Levels

After dramatically rising during the worst of the pandemic, the number of households who pay no federal income tax has fallen sharply. It will remain...
October 27, 2022Howard Gleckman
Federal Budget and Economy: TaxVox

Ignore the Debate Over Whether the Inflation Reduction Act Raises Taxes on Those Making $400,000 Or Less

As Congress is about to pass the Inflation Reduction Act, Washington is once again having a breathless debate over very little. This one is about...
August 12, 2022Howard Gleckman
Business Taxes: TaxVox

Expanding The Net Investment Tax Mostly Would Target Households Making $1 Million or More

Scrambling for a politically acceptable way to raise revenue to pay for a scaled-down social spending and climate bill, Senate Democrats are considering a plan...
July 14, 2022Howard Gleckman