Renu Zaretsky

BIO
Renu Zaretsky is a writer for the Urban-Brookings Tax Policy Center. She publishes The Daily Deduction, TPC’s news and research digest. The Daily Deduction posts Monday through Friday, or Mondays when Congress is in recess. Twitter: @RenuZ


Can Expectations Be Too Low?

By :: March 3rd, 2015

Pot tax refunds for all in Colorado? Colorado’s controversial Taxpayer Bill of Rights (TABOR)  says that the state cannot keep more tax revenue than it expected to collect in the year it levies a new tax. Colorado is on track to collect an extra $219 million in revenue in the current fiscal year and $59 million […]

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Maybe Tax Increases Will Be Easier with a Little Southern Charm

By :: March 2nd, 2015

Alabama’s GOP Governor wants higher taxes on car and cigarette sales. Robert Bentley released details on how he’d close the state’s $700 million budget shortfall. And $587 million would come from new revenues. He’d raise an estimated $200 million by doubling the state sales tax on automobiles from 2 percent to 4 percent and collect […]

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The Internet, Drug Profits, and Sacrifice

By :: February 27th, 2015

The neutrality of the net: Set. Tax effects? Unclear. That’s the conclusion of Politifact after the Federal Communications Commission approved controversial regulations that will treat the Internet like a public utility. The fact checkers examined the question after GOP Senator Mike Lee claimed that net neutrality was a “massive tax increase on the middle class” […]

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What We Hear When We Talk About Taxes... Musings of a Tax Hound

By :: February 26th, 2015

It’s been just over a year since I started posting TPC’s Daily Deduction. It’s high time I let you in on a little secret: Whenever I tell people that I write about “tax news and research” I get the exact same reaction. Imagine furrowed eyebrows, coupled with a sad, “Oh.” Every. Single. Time. As a […]

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Raising Taxes, GOP Style

By :: February 26th, 2015

Are they for ‘em or against ‘em? When it comes to taxes and GOP governors, TPC’s Richard Auxier says, “The answer depends on the tax. Given budget demands, Republican governors are open to new tax revenue—as long as it is never, ever from individual income taxes.” Case in point: Iowa may soon see its first […]

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To Collect Money You Have to Have Money

By :: February 25th, 2015

High-income households can worry even less about being audited this year. Last year, the IRS audited just 7.5 percent of households earning more than $1 million in 2013. That’s the lowest share since 2009. Its overall individual audit rate was 0.86 percent, the lowest  since 2004. The IRS budget has been cut by $1.2 billion […]

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Tax Filing, Reform, and Rate Hikes

By :: February 24th, 2015

There are better ways to tie Affordable Care Act enrollment to tax filing season. This morning from 8:30 to 10:00 am, the Tax Policy Center and the Brookings Institution sponsor a panel and webcast examining ways to use tax filing to encourage people to buy insurance. Consider the White House’s special enrollment period announced last week. […]

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Tax Subsidies, Cuts, and Consequences

By :: February 23rd, 2015

There are tax information troubles for ACA enrollees. When it comes to the Affordable Care Act and filing taxes, “sorting through all the necessary paperwork is hard to do, even for those of us whose day jobs are in tax policy,” writes TPC’s Ellen Steele, a tax-preparing volunteer with Community Tax Aid. Making things more […]

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Tax Fun in the Summertime?

By :: February 16th, 2015

Congress is in recess this week. The Daily Deduction will resume its regular schedule on Monday, February 23.  Tax reform’s narrow window, according to House Ways and Means Chair Ryan. “I just think knowing the way the budget process works on tax reform that if we haven’t done it in 2015, which is effectively through […]

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No Hitting the Brakes for Tax Breaks…

By :: February 13th, 2015

Some House GOPers want to help millionaires save for college. Yesterday the House Ways and Means Committee approved a bill to expand the Sec. 529 college savings plan and rejected a Democratic amendment to limit the plans for people earning more than $3 million a year. Bloomberg reports that the amendment would have affected about […]

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