Putting A Face On America’s Tax Returns: Summary
Who really bears the burden of federal taxes? How progressive is our current tax system and what role do taxes play in the debate over income inequality?
5 min read
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Inventory Valuation in Europe
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New Report Shows the Burdens of Payroll and Income Taxes
The tax burden for most Americans in 2019 –67.8 percent—will come primarily from payroll taxes, not income taxes. While the income tax is progressive, with average rates rising with income, the payroll tax is regressive, with the highest average rate falling on Americans with the lowest incomes.
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Reforming Rental Car Excise Taxes
The growing number of options that travelers have for rental cars, including peer-to-peer car-sharing arrangements, is an opportunity for policymakers to revisit the policy rationale for these discriminatory taxes.
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Average Income Tends to Rise with Age
Average income tends to rise dramatically as someone ages and gains education and experience. Viewing just one year of income tax data without digging any deeper misses some crucial context.
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