All articles from TaxVox
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Tax VOX How Eisenhower and Congressional Democrats balanced the budget
President Dwight Eisenhower truly believed that budgets should be balanced, and his 1960 budget incorporated severe spending restraint and only minor tax increases, Penner writes.
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Tax VOX Estate tax up in the air. Is the time to give now?
Wealthy people might do well to consider being very generous this month and giving very large gifts at today’s bargain tax prices, Williams writes.
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Tax VOX Tax hikes ahead. Time to accelerate dividend payments?
While some investors would be hurt by the accelerated dividend payouts, many low- and middle-income taxpayers could benefit, Williams writes.
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Tax VOX The looming alternative minimum tax debacle
Tens of millions of Americans will face a huge tax increase when they file their 2012 tax returns early next year from the expiration of the temporary increase in exemption levels under the alternative minimum tax, Toder writes.
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Tax VOX Payroll tax cut expiration lurks in 'fiscal cliff's' shadow
The expiration of the payroll tax cut would increase taxes by $115 billion in 2013, Maag writes, yet President Obama and others have been strangely silent – arguing instead about the fate of the 2001-2003 tax cuts.
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Tax VOX Protecting the Child Tax Credit as fiscal cliff looms near
A crucial safety net for low- and moderate-income families is jeopardized as the nation hurtles towards the fiscal cliff, Maag writes.
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Tax VOX How much revenue would a cap on itemized deductions raise?
Capping deductions would raise revenue in a highly progressive way but how much revenue and how progressive depend on the cap, Williams writes.
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Tax VOX Mitt Romney's '$5 trillion tax cut': 5 things you should know
Romney has proposed about $5 trillion in specific, gross tax cuts over the next decade relative to current policy, most but not all of which would go to high-income taxpayers. He has also promised to offset a substantial portion of those cuts—presumably in the trillions of dollars—by reducing deductions and other tax breaks.
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Tax VOX The hidden value of marginal tax rates
The marginal tax rate is crucial in making various personal economic decisions, Williams writes.
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Tax VOX Federal income tax: Who doesn't pay it and why?
The 46 percent of Americans who don't pay federal income tax can be divided into those who have no taxable income and those who have enough tax breaks to wipe out their tax liability.
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Tax VOX Can filing taxes connect low-income families to bank services?
A new Urban Institute study finds that households with annual income under $35,000 may benefit from having their tax refunds paid directly to a prepaid card account.
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Tax VOX Romney plan would cut taxes for the rich, Romney adviser confirms
Romney economic adviser Martin Feldstein tries to contradict the Tax Policy Center's findings that Mitt Romney's tax plan would raise taxes on the middle class. But he actually confirmed it to be true.
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Tax VOX Should Congress get rid of tax-exempt municipal bonds?
Limiting the tax exemption for municipal bonds is becoming a popular idea among conservatives looking for ways to slash the budget and finance tax rate cuts. But will it work?
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Tax VOX Fiscal cliff vs. tax-cut extension is gloom or doom. Is there another way?
CBO's 'gloom' scenario means pushing the economy off the 'fiscal cliff' into recession. But deficits would plunge. 'Doom' means no recession but dangerous levels of debt.
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Tax VOX Will getting married help or hurt your tax rate?
The Tax Policy Center's new marriage bonus and penalty calculator can tell you whether you will pay more or less income tax as a married couple.
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Tax VOX In France, high-frequency traders now get taxed for fictitious orders
One technique for high-frequency traders is to enter multiple fictitious trades for a stock and then cancel them. France now taxes those 'non-transactions.'
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Tax VOX New plan expands EITC benefits for families with children
The Earned Income Tax Credit (EITC) is getting an overhaul. The plan can be a huge boost to low-income single parent families, but carries a severe penalty if that parent gets married. A new plan in place of the EITC would address the problem while expanding the benefits.
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Tax VOX State and local budget cuts hurt the recovery
Weak government spending continues to hamper the economy, according to a recent study.
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Tax VOX Do higher education tax credits make sense?
Higher education is a good investment, and getting kids through school should be a top priority. But how should the government pay for it?
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Tax VOX Medicaid and the states: An offer they (still) can't refuse?
Medicaid was on center stage last week when the Supreme Court ruled the government did not have the authority to pull federal Medicaid funds from states refusing to extend eligibility to low-income, non-elderly adults.
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