One of the provisions under consideration in the tax extenders discussion is a reinstatement of 50 percent bonus expensing for equipment. This would strengthen investment spending and boost the sluggish recovery. It has...
- Graph: Tax Burden of Top 1% Now Exceeds That of Bottom 95%
Graph: Tax Burden of Top 1% Now Exceeds That of Bottom 95%
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For an analysis of the most recent IRS data on who pays how much federal individual income tax, see Tax Foundation Fiscal Fact No. 183, at http://www.taxfoundation.org/legacy/show/250.html.
The Tax Foundation’s Taxes and Growth Model was used to estimate the long-run effects on the U.S. economy and federal revenue of enacting the capital cost recovery plan developed by Senate Finance...
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