State revenue forecasters face multifaceted challenges in projecting revenues, especially amid rapid and significant economic, demographic, and technological changes.
This report provides an in-depth examination of the challenges and complexities involved in state revenue forecasting...
This report provides an overview of interactions between the federal individual income tax system and racial and ethnic disparities in the United States. The tax code may appear to be “race blind” because the Internal Revenue Service does not ask tax filers to report their race or ethnicity. But...
The declining values of office buildings across the country in the aftermath of the COVID-19 pandemic could significantly change how major cities and other localities raise revenue and provide public services. This paper describes the mechanics of commercial property tax collection and uses...
A legacy of racial discrimination—in the housing market and mortgage lending industry, among other sectors—has led to lower rates of homeownership among Black and Hispanic families than among White families. One consequence of the lower homeownership rates is that Black and Hispanic families do...
From 1965 to 2022, the share of outstanding U.S. stock held in taxable brokerage and mutual fund accounts declined from 79 percent to 27 percent, as reflected in data from the financial accounts of the U.S. government collected by the Federal Reserve. The share of publicly traded stock held in...
A Social Safety Net Repair: Delivering State Tax Benefits to Immigrant Families
Beyond the Crystal Ball: State Revenue Forecasts before, during, and after the COVID-19 Pandemic
State revenue forecasters face multifaceted challenges in projecting revenues, especially amid rapid and significant economic, demographic, and technological changes.
This report provides an in-depth examination of the challenges and complexities involved in state revenue forecasting...
A Guide to Understanding Racial Disparities in the Federal Individual Income Tax System
This report provides an overview of interactions between the federal individual income tax system and racial and ethnic disparities in the United States. The tax code may appear to be “race blind” because the Internal Revenue Service does not ask tax filers to report their race or ethnicity. But...
State Tax and Economic Review, 2023 Quarter 4
The Sensitivity of the Tax Elasticity of Capital Gains to Lagged Tax Rates and Migration
The Future of Commercial Real Estate and City Budgets
The declining values of office buildings across the country in the aftermath of the COVID-19 pandemic could significantly change how major cities and other localities raise revenue and provide public services. This paper describes the mechanics of commercial property tax collection and uses...
Public Comment on Proposed Rulemaking to Expand Tax Data Sharing with the US Census Bureau
The Internal Revenue Service (IRS) posted a proposed rule to expand the range of tax data shared with the US Census...
Encouraging Charitable Giving: Matching Grants Versus Rebates
Racial and Ethnic Disparities in the Home Mortgage Interest Deduction
A legacy of racial discrimination—in the housing market and mortgage lending industry, among other sectors—has led to lower rates of homeownership among Black and Hispanic families than among White families. One consequence of the lower homeownership rates is that Black and Hispanic families do...
Who's Left to Tax? Grappling with a Dwindling Shareholder Tax Base
From 1965 to 2022, the share of outstanding U.S. stock held in taxable brokerage and mutual fund accounts declined from 79 percent to 27 percent, as reflected in data from the financial accounts of the U.S. government collected by the Federal Reserve. The share of publicly traded stock held in...