Individual Income and Payroll Taxes

Standard Deduction

Itemized Deduction

Marriage Penalty

Wealth Tax

Payroll Tax

Progressive Tax

Tax Cuts and Jobs Act (TCJA)

Individual Income Tax

Double Taxation

Child Tax Credit (CTC)

Cadillac Tax

Bracket Creep

Average Tax Rate

Apportionment

After-Tax Income

Adjusted Gross Income (AGI)

Marginal Tax Rate

Taxable Income

Revenue Gains in Asian and Pacific Countries Likely Offset by COVID-19

Because of the COVID-19 pandemic and the associated economic crisis, countries in the Asia-Pacific region will see a differentiated impact on their capacity of mobilizing domestic revenue depending on the structure of their economy. According to the OECD report, those economies that rely mostly on natural resources, tourism, and trade taxes are especially vulnerable.

Tax Options to Promote Short-Term Recovery and Long-Term Economic Growth in Wisconsin

From a revenue standpoint, Wisconsin was better off than many states going into this crisis, but the policy decisions—including tax policy decisions—state policymakers make in the months ahead will have far-reaching implications for how quickly jobs and wages are restored in Wisconsin.