There have been several big legislative changes and proposals from D.C’s lawmakers over the past week. On June 30th, Washington D.C’s legislative council voted to allow several tax cuts to take effect in September ahead...
- Fiscal Cliff: Payroll Tax Holiday
Fiscal Cliff: Payroll Tax Holiday
In the most recent twist of the fiscal cliff negotiations, Speaker Boehner has offered to allow the Bush tax cuts to expire for millionaires, meaning in this case those earning literally one million dollars or more in adjusted gross income. Speaker...
Recently, we released an analysis looking at the potential total tax increase on the median four-person family in each state. We found that higher income and lower states tended to be affected more than middle income states—higher income...
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