Both the US and the UK experienced dramatic slowdowns in economic activity in response to the COVID-19 pandemic. Each enacted large-scale responses targeted at workers, and in addition, the US extended direct cash aid broadly through economic impact payments (EIPs) and then to most parents with...
Thirty-five states and the District of Columbia passed significant tax cuts in calendar year 2022. However, the design and effect of those tax cuts varied significantly. Using the Tax Policy Center state income tax model, we analyzed three major types of individual income tax cuts—tax rate cuts...
Total state tax revenue collections increased 14.5 percent in nominal terms and 6.4 percent in real terms in the second quarter of 2022 relative to a year earlier. Both personal and corporate income tax revenues saw year-over-year real growth in the second quarter of 2022, at 6.6 and 27.1...
The literature on data privacy often ignores the value of penalties in strengthening data protection while allowing data to safely be shared for research purposes. This note explains why significant penalties and effective enforcement for unauthorized disclosures of confidential data should be...
Weathering the Economic Storm of Covid-19
Both the US and the UK experienced dramatic slowdowns in economic activity in response to the COVID-19 pandemic. Each enacted large-scale responses targeted at workers, and in addition, the US extended direct cash aid broadly through economic impact payments (EIPs) and then to most parents with...
The Cost of Parking
Do Millionaires Adjust the Realizations of Their Long-term Capital Gains When Taxes Change?
Who Benefited from 2022's Many State Tax Cuts and What is in Store for 2023?
Thirty-five states and the District of Columbia passed significant tax cuts in calendar year 2022. However, the design and effect of those tax cuts varied significantly. Using the Tax Policy Center state income tax model, we analyzed three major types of individual income tax cuts—tax rate cuts...
Helping New Mothers Understand the Benefits of Filing Taxes
Trusted Messengers' Role in Helping New Mothers File Taxes
Business Uptake of Investment Expensing
State Tax and Economic Review, 2022 Quarter 2
Total state tax revenue collections increased 14.5 percent in nominal terms and 6.4 percent in real terms in the second quarter of 2022 relative to a year earlier. Both personal and corporate income tax revenues saw year-over-year real growth in the second quarter of 2022, at 6.6 and 27.1...
Comparing Plans to Reduce Child Poverty: the Family Security Act 2.0 Framework and the Expanded Child Tax Credit
Penalties for Unauthorized Disclosure and Data Privacy
The literature on data privacy often ignores the value of penalties in strengthening data protection while allowing data to safely be shared for research purposes. This note explains why significant penalties and effective enforcement for unauthorized disclosures of confidential data should be...