Details and Analysis of Former Vice President Biden’s Tax Proposals April 29, 2020 Former V.P. Biden's tax plan would raise significant revenue, but would shrink the economy at a time when a strong recovery is paramount. According to our analysis, Biden's tax proposals would cost over half a million jobs while reducing after-tax incomes by more than 2.5 percent across all income groups.
Analysis of Capital Gains Tax Proposals Among Democratic Presidential Candidates March 18, 2020 Joe Biden and Bernie Sanders have both released proposals to tax capital gains at ordinary income rates for the wealthiest Americans. As part of a broader platform to address income inequality, Biden and Sanders suggest increasing current capital gains rates on taxpayers with income over $1 million and $250,000, respectively.
Analysis of Democratic Presidential Candidate Individual Income Tax Proposals March 11, 2020 Joe Biden and Bernie Sanders have each proposed changes to the individual income tax, one of the largest sources of federal revenue. Our new analysis compares the economic, revenue, and distributional effects of the various proposals.
Summary of the Latest Federal Income Tax Data, 2020 Update February 25, 2020 The latest IRS data shows that the U.S. individual income tax continues to be very progressive, borne primarily by the highest income earners. The top 1 percent of taxpayers pay a 26.8 percent average individual income tax rate, which is more than six times higher than taxpayers in the bottom 50 percent (4.0 percent).
Insights into the Tax Systems of Scandinavian Countries February 24, 2020 Sen. Bernie Sanders often refers to tax systems in Scandinavian countries like Denmark and Sweden. But how do Scandinavian countries really pay for their government spending?
Analysis of Democratic Presidential Candidates Corporate Income Tax Proposals February 19, 2020 2020 Democratic presidential candidates have proposed various changes to the corporate income tax, which includes increasing the rate, ranging from 25 percent to 35 percent, imposing a corporate surtax or a minimum tax, and lengthening depreciation schedules.
Analysis of Democratic Presidential Candidate Payroll Tax Proposals February 11, 2020 Several 2020 Democratic presidential candidates have proposed changes to federal payroll tax rates and the Social Security payroll tax wage base to raise revenue and maintain solvency for major federal entitlement programs.
Analysis of Sen. Warren and Sen. Sanders’ Wealth Tax Plans January 27, 2020 New modeling finds that the wealth taxes proposed by Sen. Warren and Sen. Sanders would raise significantly less revenue than promised, face serious administrative and compliance challenges, and would increase foreign ownership of U.S. capital.
Tracking the 2020 Presidential Tax Plans November 20, 2019 As the 2020 Democratic presidential field continues to narrow, review the latest campaign tax proposals, including a wealth tax, financial transaction tax, universal basic income, and a surtax on corporate profits.
Senator Sanders Proposes a Tax on “Extreme” Wealth September 25, 2019 Bernie Sanders recently became the second major Democratic presidential candidate to propose a wealth tax.
Business in America May 28, 2019 Who are the workers, consumers, and shareholders who interact with businesses in the U.S.? What forms do these businesses take? How do business taxes impact people’s lives? It is essential we answer these questions in order to design a business tax system that is simple, efficient, and enables economic progress.
Putting a Face on America’s Tax Returns March 11, 2019 Who really bears the burden of federal taxes? Who benefits from credits and deductions and by how much? How progressive is our current tax system and what role do taxes play in the debate over income inequality?
How Much Revenue Would a 70% Top Tax Rate Raise? An Initial Analysis January 14, 2019 Due to a narrow tax base and a decrease in capital gains realizations, Congresswoman Ocasio-Cortez's plan to tax income above $10 million would not raise as much revenue as intended. See our 10-year revenue estimates.
Proposed Corporate Rate Hike Would Damage Economic Output August 23, 2018 Raising the corporate tax rate would reduce economic growth and lead to a smaller capital stock, lower wage growth, and reduced employment.
Details and Analysis of Former Vice President Biden’s Tax Proposals April 29, 2020 Former V.P. Biden's tax plan would raise significant revenue, but would shrink the economy at a time when a strong recovery is paramount. According to our analysis, Biden's tax proposals would cost over half a million jobs while reducing after-tax incomes by more than 2.5 percent across all income groups.
Analysis of Capital Gains Tax Proposals Among Democratic Presidential Candidates March 18, 2020 Joe Biden and Bernie Sanders have both released proposals to tax capital gains at ordinary income rates for the wealthiest Americans. As part of a broader platform to address income inequality, Biden and Sanders suggest increasing current capital gains rates on taxpayers with income over $1 million and $250,000, respectively.
Analysis of Democratic Presidential Candidate Individual Income Tax Proposals March 11, 2020 Joe Biden and Bernie Sanders have each proposed changes to the individual income tax, one of the largest sources of federal revenue. Our new analysis compares the economic, revenue, and distributional effects of the various proposals.
Analysis of Democratic Presidential Candidates Corporate Income Tax Proposals February 19, 2020 2020 Democratic presidential candidates have proposed various changes to the corporate income tax, which includes increasing the rate, ranging from 25 percent to 35 percent, imposing a corporate surtax or a minimum tax, and lengthening depreciation schedules.
Analysis of Democratic Presidential Candidate Payroll Tax Proposals February 11, 2020 Several 2020 Democratic presidential candidates have proposed changes to federal payroll tax rates and the Social Security payroll tax wage base to raise revenue and maintain solvency for major federal entitlement programs.
Proposed Corporate Rate Hike Would Damage Economic Output August 23, 2018 Raising the corporate tax rate would reduce economic growth and lead to a smaller capital stock, lower wage growth, and reduced employment.
Analysis of Capital Gains Tax Proposals Among Democratic Presidential Candidates March 18, 2020 Joe Biden and Bernie Sanders have both released proposals to tax capital gains at ordinary income rates for the wealthiest Americans. As part of a broader platform to address income inequality, Biden and Sanders suggest increasing current capital gains rates on taxpayers with income over $1 million and $250,000, respectively.
Analysis of Democratic Presidential Candidate Individual Income Tax Proposals March 11, 2020 Joe Biden and Bernie Sanders have each proposed changes to the individual income tax, one of the largest sources of federal revenue. Our new analysis compares the economic, revenue, and distributional effects of the various proposals.
Summary of the Latest Federal Income Tax Data, 2020 Update February 25, 2020 The latest IRS data shows that the U.S. individual income tax continues to be very progressive, borne primarily by the highest income earners. The top 1 percent of taxpayers pay a 26.8 percent average individual income tax rate, which is more than six times higher than taxpayers in the bottom 50 percent (4.0 percent).
Insights into the Tax Systems of Scandinavian Countries February 24, 2020 Sen. Bernie Sanders often refers to tax systems in Scandinavian countries like Denmark and Sweden. But how do Scandinavian countries really pay for their government spending?
Analysis of Democratic Presidential Candidates Corporate Income Tax Proposals February 19, 2020 2020 Democratic presidential candidates have proposed various changes to the corporate income tax, which includes increasing the rate, ranging from 25 percent to 35 percent, imposing a corporate surtax or a minimum tax, and lengthening depreciation schedules.
Analysis of Democratic Presidential Candidate Payroll Tax Proposals February 11, 2020 Several 2020 Democratic presidential candidates have proposed changes to federal payroll tax rates and the Social Security payroll tax wage base to raise revenue and maintain solvency for major federal entitlement programs.
Analysis of Sen. Warren and Sen. Sanders’ Wealth Tax Plans January 27, 2020 New modeling finds that the wealth taxes proposed by Sen. Warren and Sen. Sanders would raise significantly less revenue than promised, face serious administrative and compliance challenges, and would increase foreign ownership of U.S. capital.
Senator Sanders Proposes a Tax on “Extreme” Wealth September 25, 2019 Bernie Sanders recently became the second major Democratic presidential candidate to propose a wealth tax.
Analysis of Democratic Presidential Candidates Corporate Income Tax Proposals February 19, 2020 2020 Democratic presidential candidates have proposed various changes to the corporate income tax, which includes increasing the rate, ranging from 25 percent to 35 percent, imposing a corporate surtax or a minimum tax, and lengthening depreciation schedules.
Analysis of Democratic Presidential Candidate Payroll Tax Proposals February 11, 2020 Several 2020 Democratic presidential candidates have proposed changes to federal payroll tax rates and the Social Security payroll tax wage base to raise revenue and maintain solvency for major federal entitlement programs.
Tracking the 2020 Presidential Tax Plans November 20, 2019 As the 2020 Democratic presidential field continues to narrow, review the latest campaign tax proposals, including a wealth tax, financial transaction tax, universal basic income, and a surtax on corporate profits.
Business in America May 28, 2019 Who are the workers, consumers, and shareholders who interact with businesses in the U.S.? What forms do these businesses take? How do business taxes impact people’s lives? It is essential we answer these questions in order to design a business tax system that is simple, efficient, and enables economic progress.
Putting a Face on America’s Tax Returns March 11, 2019 Who really bears the burden of federal taxes? Who benefits from credits and deductions and by how much? How progressive is our current tax system and what role do taxes play in the debate over income inequality?
How Much Revenue Would a 70% Top Tax Rate Raise? An Initial Analysis January 14, 2019 Due to a narrow tax base and a decrease in capital gains realizations, Congresswoman Ocasio-Cortez's plan to tax income above $10 million would not raise as much revenue as intended. See our 10-year revenue estimates.
Proposed Corporate Rate Hike Would Damage Economic Output August 23, 2018 Raising the corporate tax rate would reduce economic growth and lead to a smaller capital stock, lower wage growth, and reduced employment.
