Is the US tax code both too small and too progressive? Yes, say Alan Viard and Sita Nataraj Slavov of the American Enterprise Institute.
In the long term, Trump’s tax plan would slow the economy by increasing deficits and driving up interest rates while Clinton’s would reduce the deficit, which would lower interest rates and boost growth.
The fiscal policy debate in the 2016 presidential election has come down to a familiar question: Do deficits matter?
You might have tuned in to the Oct. 13 Tax Policy Center discussion featuring representatives of each campaign. If you had, you would have seen an absolutely stunning contrast in both style and substance that in many ways mirrored their candidates.
Yesterday’s presentation by Donald Trump's economic adviser, Peter Navarro, at the Tax Policy Center’s discussion of the presidential candidate tax plans reminds one analyst of a passage in George Orwell’s dystopic novel 1984.
Donald Trump may have claimed huge losses starting in the early 1990s. But, like other rich investors, he wouldn’t have paid much tax anyway. Despite paying some tax, Warren Buffett's release of his 2015 tax return affirms that reality.
Clinton has proposed a significant tax increase on high-income households and businesses. Trump's plan, while less ambitious than the version he released in 2015, would still largely benefit high-income households and result in a substantial boost in the federal debt.
Trump said he’d repeal what he called the carried interest loophole, but he’d give private equity firms, hedge funds, and other companies an even better deal by reducing their rates on other taxes.
If so, he’d be at least the third well-known politician to rely on a gimmick to avoid payroll taxes on consulting income.
Property taxes are an important source of funds for public safety, schools, and other community services. But assessing them can be tricky.
In the US, it's illegal for government employees or contractors to publicly disclose any information about a taxpayer without the taxpayer’s consent. In other countries, it's more accessible.
Donald Trump has suggested that Mexico’s value added tax, or VAT, gives its producers an advantage over American companies. It doesn't.
Immigrants, both skilled and unskilled, benefit long-run economic growth in the United States in several key ways.
Individual tax subsidies totaled 1.168 trillion in 2015, and the biggest share went to the highest-income households.
Donald Trump believes that cutting taxes on business and high-income households will generate growth. Hillary Clinton believes the answer lies in helping middle-income families by taxing rich individuals and companies. Both are probably wrong.
Donald Trump has proposed a new childcare plan, which is a revised version of an idea he introduced in August that mostly benefits high-income families.
The scoring system will help illuminate how tax changes affect the overall economy and the federal budget.
In 2016, about one-fifth of households will benefit from home ownership-related tax deductions. However, over 85 percent of those in the top 1 percent will enjoy these tax breaks while fewer than one-in-20 in the bottom 40 percent will benefit.
Donald Trump introduced a revision of his tax policy this week that ditches more of his most ambitious, costly, and controversial ideas.
Given a choice between protecting real constituents and financial contributors or approving rate cuts that do no-one special favors, lawmakers choose Door Number One.