Individual Income and Payroll Taxes

Oregon’s Proposed Corporate Activity Tax Would Harm Low-Income Oregonians the Most

Why State-for-Local Tax Swaps Are So Hard to Do

Tax Treaty Network of European Countries

An Analysis of Senator Warren’s ‘Real Corporate Profits Tax’

Sen. Elizabeth Warren introduced a 7 percent surtax on corporate profits called the “Real Corporate Profits Tax.” We estimate that this tax would reduce the incentive to invest in the United States, and result in a 1.9 percent smaller economy, a 3.3 percent smaller capital stock, and 1.5 percent lower wages. The surtax would raise $872 billion between 2020 and 2029 on a conventional basis and $476 billion on a dynamic basis. The tax would make the tax code more progressive, but it would fall on taxpayers in every income group.

Who Wants a Tax Increase?

The First Filing Season under the TCJA

Recapping the 2019 Arkansas Tax Reform

Notable Tax Policy Changes in Europe

The Alternative Minimum Tax Still Burdens Taxpayers with Compliance Costs

Although Congress intended the AMT to be a tax on wealthy taxpayers, for much of its history it has subjected middle-income taxpayers in high-tax states to heavy compliance burdens. TCJA reforms that have increased the AMT’s exemption and exemption phaseout threshold will shield some taxpayers from the AMT through 2025, but the number of taxpayers impacted will increase in 2026 when the TCJA’s individual income tax reforms expire.

Tax Policy and Entrepreneurship: A Framework for Analysis

A key element of America’s dynamism problem is a drop in entrepreneurship. Removing tax barriers for entrepreneurs would improve America’s dynamism while making America’s tax code more neutral, efficient, and simple for all taxpayers.

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?

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.

The TCJA Lowered Taxes for Individuals Throughout Income Groups

Income Tax Credits Paired with Numerous Tax Increases in Wisconsin Gov. Evers’ Budget

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.

Colombia’s New Dividend Policy Raises Taxes on Investors

State Individual Income Tax Rates and Brackets, 2019

Increasing Individual Income Tax Rates Would Impact a Majority of US Businesses

Since most U.S. businesses are pass-through businesses, such as partnerships, S corporations, LLCs, and sole proprietorships, changes to the individual income tax, especially to top marginal rates, can affect a business’s incentives to invest, hire, and produce.

Is Increasing the Capital Gains Tax Rate the Right Way to Generate Revenue?

A Growing Percentage of Americans Have Zero Income Tax Liability

From 1986 to 2016, the top 1 percent’s share of income taxes rose from 25.8 percent to 37.3 percent, while the bottom 90 percent’s share fell from 45.3 percent to 30.5 percent.