In November, voters will consider ballot initiatives to raise the minimum wage in eight states, following the decision by the California legislature to phase in its own version. We used the Urban Institute’s Net Income Change Calculator (NICC) to get a sense of how these wage changes would affect the bottom line for a sample family.
When one looks at growing inequality in earnings and wealth, it’s wrong to think this is only an issue of the “top 1 percent.” The way government tax subsidies are allocated also play a role.
Value-added taxes (VATs) have been attracting growing attention in the United States. There are many benefits to such a tax, and new research shows that it should not be a burden for small businesses, either.
Bernie Sanders has argued that that 'sin taxes' like levies on soda consumption unfairly burden low-income families. Is he right?
At least when it comes to taxes, GOP rivals Ted Cruz and Donald Trump have far more ideas than Kasich. In the contest over specifics, the Ohio governor and former House Budget Committee chairman, is a distant third.
Like millions of other Americans, President and Mrs. Obama filed their 2015 tax return shortly before the deadline. Unlike most of us, they also posted their return on the White House website for everyone to see.
Policymakers should consider how to use the civic obligation of tax filing as an opportunity for civic education about the true structure of the income tax.
Congress could close the nation’s tax loopholes without waiting for comprehensive tax reform. And, if Congress does its job right, the US Department of the Treasury could stop patching the corporate tax quilt on its own.
The impact of sales taxes does not always come as a surprise. But there’s another kind of tax whose impact might surprise a lot of us: Tariffs that are imposed on imported goods.
President Barack Obama and Speaker Paul Ryan have proposed similar expansions of the earned income tax credit (EITC) for low-income workers that don't have children. But as designed, their proposals could actually penalize many low-income workers who choose to marry or are married.
Ryan, who became speaker because he is both a strong partisan and a smart man, cleverly conflates two ideas: By raising the notion of 'static distribution,' he describes the growth and distributional effects of tax policy as if they are the same thing. They are not.
Thanks to a District of Columbia (DC) holiday, the IRS moved Tax Day back three days to April 18 this year.
Britain will soon be introducing a three-tiered structure for taxing sugary drinks, beginning in 2018. How does the Brits' plan differ from those that other governments have implemented?
It’s good to be rich. Depending on who becomes the next president, it could get a lot better or a lot worse.
Revenues are determined by more than policy decisions. A state’s geography, demographics, and economic mix all affect tax collections.
Individuals in non-traditional family structures are finding that their tax returns are becoming increasingly complicated.
Many states are turning to tax incentives as one way to boost income in a still-rough economy. But they aren't the only thing that can help.
Secretary Clinton would boost federal revenues by $1.1 trillion over the next decade. But those changes would make the tax code more complex, especially for high-income households, and reduce incentives to work, save, and invest.
Alphabet, Inc. -- Google's parent company -- faces issues with its international tax practices. Meanwhile, tax filers may face a new kind of phishing scam during filing, and what's next for carbon taxes.
Ted Cruz and Marco Rubio released summaries of their tax returns this weekend. Meanwhile, cyberattacks against taxpayers are on the rise, and what's the deal with the financial transaction tax?