Rapidly growing health care costs have been a major driver of federal budget deficits. Could a decline help solve the nation's long-term fiscal problem?
Dave Camp deserves credit for proposing a tax reform that takes on many special interests. But one provision mistakenly threatens the survival of most community foundations without improving the tax system or strengthening the charitable community.
Should the US tax high-speed trading, like the sort described in Michael Lewis' book? The French already do so -- and a tax could help limit manipulations of the market, too.
For states including Delaware and Wisconsin, proposed property tax hikes would help cover pension and public school costs. But are property taxes the fairest way to fund such programs?
The nation's tax codes can be hard on small businesses, and Donald Marron writes that tax reform could help shift the tax burden from smaller organizations over to larger ones.
A poll, taken in the midst of tax season, finds that 58 percent of those surveyed think filling out their tax forms is “easy.” Only 38 percent say it is “hard.” Here's the catch: more people are filing their taxes with the help of a professional service.
Figuring out exactly how to answer a question on an IRS tax form can be tricky. But the Brookings Institution's Tax Policy Center has developed an interactive guide that offers up an explanation of each question.
Former IRS official Lois Lerner, who managed the agency's controversial handling of Tea Party-related groups, may face possible criminal charges, while a House committee reportedly said they will vote on a resolution tomorrow to hold her in contempt of Congress.
Last year's American Taxpayer Relief Act (ATRA) restored pre-Bush taxes for high-income households, while the Patient Protection and Affordable Care Act (ACA) created two new taxes aimed at high-income individuals.
Congress continues to debate the fate of tax extenders, a series of tax breaks that, if continued, would have a major impact on future tax reform efforts.
A national price on carbon currently has little traction in Washington, but the Environmental Protection Agency power plant rule could open the door for a straightforward state-based tax. EPA just needs to set a minimum tax trajectory that any state could adopt.
As the Senate's finance committee chairman, Ron Wyden, is expected to introduce a bill that would reinstate expired tax breaks, Illinois and Pennsylvania are raising some local taxes of their own.
Check out the latest economics news from TaxVox, including tax cuts in Wisconsin and Minnesota, the IRS' decision to treat Bitcoin as property and not currency, plus the agency's handling of the tax-exempt status of some political groups.
A city panel is working on ways to revise the revenue system in the nation's capital, including proposed changes that supporters say will reduce taxes for 95 percent of residents.
Apple’s success at avoiding corporate income taxes by shifting reported profits to other countries has frustrated US lawmakers for years. Now, Australia is saying that Apple is underpaying taxes in that country as well. Where should Apple report its income?
The 1,000-page bill puts his plan out there in all its gory detail. And it makes it possible for analysts here at the Tax Policy Center and elsewhere to chew over details, identify strengths and weaknesses, and suggest improvements.
No one seems to like to bring up arguments in favor of taxes -- except perhaps policy makers -- but the Tax Policy Center notes there are ways of making taxes simpler to implement and fairer to those who pay them.
The House Judiciary Committee is taking a closer look at the thorny issue of an internet sales tax today, while Treasury Secretary Jack Lew is set to testify before the Senate Budget Committee about revenue proposals in President Barack Obama's fiscal 2015 budget.
The deadline to sign up for Obama care is looming, and those who don't have insurance coverage by March 31 will be hit with a tax penalty. A new calculator from the tax policy center will help you determine just how much opting out will cost.
House Ways and Means Chair Dave Camp’s recent tax reform plan would raise the cost of doing business for many state and local governments, but Camp’s plan also includes some less obvious changes that could increase state income tax revenues.