The House Committee on Ways and Means amended the Student and Family Tax Simplification Act last Thursday and has issued a comprehensive report on the bill. The bill, or H.R. 3393, was developed by Representatives Diane...
- 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.
- Education tax credits have grown from a $4.5 billion program claimed by 4.7 million taxpayers in 1998 to a $17.4 billion program claimed by over 7 million taxpayers in 2011....
Congress is currently considering tax extenders, the renewal of expiring or recently expired tax provisions. Among the provisions is 50 percent bonus expensing, otherwise known as bonus depreciation. The...
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