Posts Tagged ‘marginal tax rates’

Hidden Taxes in the Camp Proposal

House Ways and Means Committee Chair Dave Camp (R-MI) has produced an impressive tax reform plan that eliminates most loopholes, deductions, and credits. But the plan also introduces a number of hidden taxes that push marginal rates—mostly for higher-income taxpayers—well above the advertised levels. For some taxpayers, the effective tax rate under Camp’s plan could […]

A New Urban Institute Calculator Shows What Taxes and Transfers Mean for Low-Income Families

State taxes and transfers can be an important form of assistance for low-income families. But the amount of government help varies widely among the states. And, importantly, so does what happens to those benefits when such a family increases its wages. To help understand how those tax and spending programs work, the Urban Institute has […]