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Clifton Painter

Clifton Painter is a 2021 summer intern with the Tax Foundation’s Center for Federal Tax Policy.

Written Works

Money and 1040 forms symbolizing the new federal income tax returns

Sources of Personal Income, Tax Year 2018

Reviewing the sources of personal income shows that the personal income tax is largely a tax on labor, primarily because our personal income is mostly derived from labor. However, varied sources of capital income also play a role in American incomes. While capital income sources are small compared to labor income, they are still significant and need to be accounted for, both by policymakers trying to collect revenue efficiently and by those attempting to understand the distribution of personal income.

10 min read
American Rescue Plan premium tax credit expansion PTC

Evaluating Trade-Offs of Expanded Premium Tax Credits as Enrollment Period Ends

August 15th was the deadline to take advantage of the premium tax credits originally provided in the Affordable Care Act and recently expanded in the American Rescue Plan. Future extensions may provide longer-lasting benefits, although the extensions may create trade-offs for consumer choice and program costs.

5 min read