All Tax VOX
- The hidden value of marginal tax rates
The marginal tax rate is crucial in making various personal economic decisions, Williams writes.
- What did we learn from Obama and Romney in the presidential debate? Not much
The presidential debate showed almost nothing new about how either Romney or Obama would govern over the next four years, Gleckman writes.
- Can the fiscal cliff push Congress to agree on budget deal?
Gleckman asks: Will it take the fear of a financial market collapse and a cliff-driven recession to change the karma on Capitol Hill? Or, can Congress find an easier route to fiscal sanity by ducking the coming showdown?
- What happens if Congress goes over the fiscal cliff? Taxes rise.
Americans could face an average tax hike of almost $3,500 in 2013 if Congress goes over the fiscal cliff, Gleckman writes. The looming fiscal cliff poses a major threat for the US economy.
- Five ways to tax the 47 percent
Gleckman offers five suggestions for reducing the portion of Americans who do not pay federal income tax.
- Romney, the middle-class and taxes
Romney has promised a 20 percent across-the-board tax rate cut, and some say he'll pay for it with higher taxes on low- and middle-income households. Gleckman's not convinced.
- The 47 percent: a case study
Gleckman profiles a single mom who likely owes no income tax thanks largely to the Earned Income Tax Credit and the Child Tax Credit.
- 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.
- What Mitt Romney didn't learn from Ronald Reagan about taxes
There are so many things the former Massachusetts governor could learn from the former California governor’s presidential campaigns. But I have in mind only one lesson not learned by Mitt Romney — how Reagan ran on tax reform in 1984.
- Do corporate tax breaks benefit the middle class?
Revisions in the definition of the corporate income tax may assume that workers bear some of the corporate tax burden.
- 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.
- What was missing from Obama's speech? A plan.
Convention speeches are not supposed to be State of the Union laundry lists. They are intended to frame a candidate’s vision. But for that vision to mean anything, it needs to be buttressed by real policy. And that went missing at both conventions, though in very different ways.
- Mandates vs. tax subsidies: Which encourages more saving?
Tax subsidies and mandatory savings systems are both policies designed to promote saving and investing, but which is more effective?
- Where was tax reform at the GOP convention?
In last night’s acceptance speech, Mitt Romney sketched out his personal biography and delivered an effective brief on why we shouldn’t reelect President Obama. But, oddly, when it came to taxes he was nearly silent.
- 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.
- 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?
- 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.
- 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.
- FAQs about recent analysis of the Romney tax plan
In a question and answer format, a new paper analyzes some of the recent issues raised by the Tax Policy Center's review of the Republican presidential candidate's tax plan. Mainly, the authors reemphasize their conclusion that the plan cannot meet all of Romney's stated criteria.
- Tax reform, up close and personal
The District of Columbia Tax Reform Commission sat down recently to tackle one of the biggest issues of our time. Such reform is hard, in large part because the characteristics of a good tax system are inconsistent.