Tag: ‘Tax Policy Center’

How Many Americans Get Government Assistance? All of Us

By :: June 4th, 2015

The other day, the Census Bureau put out a new report that concluded about one-in-five Americans received government benefits in 2012. But the study, called Dynamics of Economic Well-Being: Participation in Government Programs, 2009–2012: Who Gets Assistance, takes a far too narrow view about who gets the help. A more accurate estimate of the share of Americans […]

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What’s Up With the No Climate Tax Pledge?

By :: June 2nd, 2015

Do you know about the No Climate Tax pledge? I didn’t until I read a column over the weekend by the Washington Post’s always-interesting Catherine Rampell. The vow is sponsored by Americans for Prosperity, a conservative political advocacy group closely associated with the Koch brothers. And it was something of a big deal a couple […]

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The Perpetual, Immortal, Eternal, Never-Ending Tax Extenders

By :: May 28th, 2015

The magic number for today is 16. That is, remarkably, the number of times Congress has extended the allegedly temporary research and experimentation tax credit since it was first enacted in 1981.  The question for philosophy class (this is far beyond economics) is this: Can something that has been extended 16 times over 33 years […]

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Marco Rubio Wasn't the Only One Who Cashed Out an IRA Last Year

By :: May 26th, 2015

It is easy to mock Senator Marco Rubio, who cashed out $68,241 in IRA retirement funds last September. The GOP presidential hopeful, who made about $230,000 last year, told Fox News he needed the dough to prepare for his campaign, buy a new $3,000 refrigerator, and fix his busted a/c. As it happens, he is far […]

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The Scary New World of Tax Fraud

By :: May 14th, 2015

Back in the day—say 2011–tax fraud was pretty straightforward. Taxpayers deliberately understated income or overstated deductions to cheat the system for their own benefit. Not anymore. Now, a growing share of such fraud is about crooks using the identities of innocent taxpayers to steal money. If you have a home phone or an email account, these […]

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ACA Tax Filing Was Surprisingly Painless, But Not For All

By :: April 29th, 2015

It turns out that the first year of tax filing for people who have Affordable Care Act health insurance subsidies was a lot easier than the first year of enrolling in the online exchanges. In contrast to the ACA’s maiden open enrollment season, the initial process of settling up incorrect subsidies was a relative breeze. […]

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Could a Carbon Tax Finance Corporate Rate Cuts?

By :: April 23rd, 2015

How about using revenue from a carbon tax to help pay for corporate tax rate cuts? That’s the idea proposed yesterday by Rep. John Delaney (D-MD). His political calculation: Democrats would back the bill as a way to reduce carbon emissions and slow climate change. Republicans would support the plan to cut corporate tax rates […]

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Tax Cuts for Low- and Moderate Income Households May Be Much More Powerful Than Cuts for the Rich

By :: April 21st, 2015

It turns out that tax cuts for the job creators…don’t create very many jobs. By contrast, tax cuts for low- and moderate-income households can boost economic growth. Those are the results of an interesting new working paper by Owen Zidar for the National Bureau of Economic Research. Zidar, an assistant economics professor at the University […]

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Rubio Tries to Triangulate Tax Policy

By :: April 16th, 2015

Newly declared GOP presidential hopeful Senator Marco Rubio is trying something truly (Bill) Clintonesque—navigating between the demands of his party’s base and a more centrist, forward-looking political agenda. Nowhere is it more obvious than in tax policy. And nowhere is the road ahead more risky for his presidential ambitions. In March, Rubio and fellow senator […]

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What Will Happen To Voluntary Tax Compliance If a Budget-constrained IRS Is Not Fixed?

By :: April 9th, 2015

Is the IRS such a mess that the nation’s system of voluntary tax compliance is at risk? Will frustrated taxpayers rebel because they can’t get help with a revenue code they can’t understand? Will aggressive taxpayers who recognize that audit rates have plummeted to the lowest levels in years further push the tax-avoidance envelope?  And […]

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