The earned income tax credit helps millions of working, low-income families, but its benefits are not felt by workers without children. How could creating a new worker tax credit help these workers?
A small and almost unnoticed change in retirement savings rules requiring taxable distributions from 401(k)s could be a big help to middle-income seniors who want to preserve assets to pay for medical and long-term care costs in very old age.
Putting carbon taxes and corporate rate cuts together, supporters say, could mean that 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 while retaining at least some popular business tax subsidies.
Restricting food stamps to use on certain foods is only fair if we put restrictions on dozens of other programs that assist people —to attend school, save for retirement, buy homes, take care of their children. Instead, let’s trust Americans to use that assistance as they see fit and not tell them how to live their lives.
Since it’s (almost) Tax Day, that April 15 deadline for filing tax returns, it’s a good time to ponder a very simple question: How much does the US tax system shrink the gap between rich and poor?
A recent DOJ investigation into the city of Feguson and its police department highlighted a 'focus on revenue rather than … public safety needs.' Even among smaller American cities still recovering from the recession, such a focus is far from normal.
US communities have been trying for several years to levy soda taxes in the name of good health. Soda purchases are falling, and there is some evidence that people are buying different drinks without an extra tax.
A key change in the tax plan proposed by Senators Marco Rubio and Mike Lee would be very advantageous for low-income households compared with the original Lee plan and, to a lesser extent, current law.
Bobby promoting a plan to raise $526 million without a tax increase. His trick: Turn refundable business credits into non-refundable credits.
The "Economic Growth and Family Fair Tax" plan from Senators Rubio and Lee is ambitious and expensive, but it may hurt many low-income families with children, according to new estimates.
Need help understanding the 1040 as we enter the homestretch of this year’s tax filing season? The Tax Policy Center has created a new interactive tool to walk you through key parts of the federal income tax, ranging from the mundane to the arcane.
Our tax-based highway funding is a mess. Saving it may mean making its funding path even more complicated.
Republican Senators Marco Rubio and Mike Lee have introduced what should probably be thought of as the first major set of tax proposals in the 2016 Presidential election season. While their proposals are unlikely to be enacted, they hint at the troubling direction that tax reform debates seem to be headed.
A public school system funded the same way we pay for the ACA's exchanged-based insurance would drastically reduce direct spending for public schools and the taxes without directly affecting educational resources. But it would make life much more complicated for taxpayers and tax administrators.
Is 2015 the year of reluctant GOP tax hikes or triumphant GOP tax cuts? It depends. Republican governors are open to new tax revenue—as long as it is never, ever from individual income taxes.
President Obama's FY16 budget proposal would cut federal subsidies for premium seats at college sporting events. Federal subsidies ought to provide national benefits and there’s no evidence that boosting attendance in high-priced court-side or skybox seats does that.
The latest Census of Governments shows us a lot about just how hard local governments were pounded by the Great Recession. It describes a powerful double-whammy: Local governments not only suffered deep declines in their own tax revenues but they also faced steep cuts in state aid.
When it comes to capital gains taxes, policymakers and experts disagree on what actually counts as income. The dispute centers on the President’s proposal to tax accrued, but unrealized, capital gains at death.
Obama's tax cuts primarily benefit low-income single workers and families with children. Households with very high incomes and substantial capital assets would pay more. His plans would have a modest effect on middle class Americans.
President Obama will propose to strip away the 'loopholes' that permit wealthy individuals to accumulate large amounts in tax-favored retirement plans in his upcoming budget. But big retirement accounts are more a product of Congress' generosity on the matter, not loopholes.