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, and Tax Hound, a blog series about tax policy written for those who aren't tax geeks.. The Daily Deduction posts Monday through Friday, or Mondays when Congress is in recess. Tax Hound posts the first Wednesday of the month. Twitter: @RenuZ


On Flat Taxes, Tax Relief, and Evidence

By :: April 21st, 2015

Flat tax chatter: Just small talk or a deeper conversation? The Hill examines GOP presidential hopefuls Rand Paul and Ted Cruz and their ideas for an across-the-board tax rate. A flat tax will disproportionately benefit higher earners, and even some in the GOP say that makes it a non-starter. But TPC’s Howard Gleckman noted, “This […]

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How Does One Avoid Tax Increases? Let Us Count Some Ways.

By :: April 20th, 2015

The corporate-only tax reform could raise taxes on many small businesses, unless… TPC’s Eric Toder testified last week to the House Small Business Committee on how  corporate tax reform could hurt small businesses that usually report income on their owner’s individual tax returns. In his latest blog post, he explains his recommendation to soften the […]

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Bipartisan or Partisan: Tax Efforts Abound

By :: April 17th, 2015

There’s a bipartisan House effort to double the federal gas tax. It would raise the 18.4 cents-per-gallon tax to about 30 cents, would be inflation adjusted, and would rise again in three years if Congress does not find another way to pay for federal transportation projects. The bill’s sponsors—mostly back-benchers—say it would raise $27.5 billion. […]

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Death and Taxes: Certainty and Conflict

By :: April 16th, 2015

The House plans a vote to repeal the estate tax today. Repealing the levy would cut taxes by $270 billion over 10 years for 0.2 percent of the nation’s richest estates. The White House and Democrats are vehemently opposed. The Joint Committee on Taxation estimates that 5,400 estates will face the GOP-named “death tax” in […]

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Happy Tax Day! Who Will Pay?

By :: April 15th, 2015

No Virginia. The One Percent don’t dodge federal taxes. In 2013, they paid  35.7 percent of their income in federal taxes. Low-income households don’t dodge, either. While many paid no income tax, nearly all paid payroll tax. You can start your Tax Day exploring these and other common myths as TPC’s Howard Gleckman shares five […]

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Tax Ideas, A “Fix,” Limits and Honors

By :: April 14th, 2015

Paul Ryan and Orrin Hatch want businesses to share ideas on tax treatment of “pass-throughs.” As owners of pass-through businesses such as partnerships and sole proprietorships, millions of business owners pay their firms’ income taxes through the individual code. Both the GOP and the White House say they’d cut the 35 percent corporate rate, but […]

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Tax Season: It Ain’t Over Till It’s Over

By :: April 13th, 2015

The IRS and the ACA: Working hard and working well. The IRS, thanks to years of preparation since the Affordable Care Act became law in 2010, has managed the current tax filing season smoothly, according to IRS Commissioner John Koskinen, even with new ACA burdens and IRS budget cutbacks. “It’s amazing what the IRS can […]

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It’s Spring Break, and “Everything’s Coming Up Taxes…” (No Daffodils)

By :: April 6th, 2015

Congress is in recess and the Daily Deduction will post Mondays until it reconvenes. We’ll be back to our regular schedule on April 13.  Taxpayers: How are IRS budget cuts affecting you? You can find out on Wednesday from IRS Commissioner John Koskinen at a TPC event at the Brookings Institution. Koskinen will discuss how […]

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A Penny for Your Sugar: Setting a Price on Sin

By :: April 1st, 2015

What do you have to drink in your refrigerator? I’ve got kids in grade school, and our fridge always holds their favorite: Juice boxes filled with 100% apple juice. I felt pretty good about that “100%” until I looked at the label. There are 18 grams of sugar in one 6.75-ounce serving. Coca Cola? Six […]

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Just the Facts, Ma’am: On Filing and Reform

By :: March 30th, 2015

Congress is in recess and the Daily Deduction will post Mondays until it reconvenes. We’ll be back to our regular schedule on April 13.  With just over two weeks till Tax Day, Treasury wants to clarify Affordable Care Act tax facts. It released fact sheets on common exemptions from the individual mandate, such as a […]

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