This brief attempts to access the trends in charitable giving and how the current economic turmoil has affected the nonprofit sector - the main topic of an August 2011 roundtable hosted by the Tax Policy and Charities project at the Urban Institute. Twenty-five experts on tax policy and the...
Eugene Steuerle testifies before the Senate Finance Committee on "Tax Reform Options: Incentives for Charitable Giving," presenting options on how to increase tax revenues with minimal impact or perhaps even an increase in charitable giving. Among other recommendations, he suggests a floor under...
In a contribution to the New York Times' Room for Debate, Roberton Williams suggests Congress scale back on tax subsidies in a way that protects America's hard-hit middle class.
The tax entry threshold is the income level at which a person begins paying federal income taxes. Unlike payroll taxes, income taxes do not start at the first dollar of earnings. Rather, the federal income tax system exempts an amount of income from taxation based on the type of tax unit (...
Currently, taxpayers can deduct interest on up to $1 million in acquisition debt used to buy, build, or improve their primary residence or a second designated residence. In addition, taxpayers can deduct interest on up to $100,000 in home equity loans or other loans secured by their properties...
This analysis measures the revenue and distributional impacts of three proposals to limit tax expenditures for higher-income households: the Obama Administration's plan to cap the value of itemized deductions at 28 percent; an effective minimum tax (EMT) to ensure that tax liability is at least...
Gene Steuerle testifies on alternative ways to restore solvency and undertake benefit reforms in Social Security, concentrating on four: restricting automatic growth in benefits where needs are least, adjusting benefits so they both encourage employment and are concentrated more in older ages,...
Corporate profits are taxed under both the corporate and individual income taxes. The total income tax rate on corporate profits therefore depends on the corporate rate and the individual rates on dividends and capital gains, as well as on the share of after-tax profits corporations pay as...
What's Been Happening to Charitable Giving Recently? A Look at the Data.
This brief attempts to access the trends in charitable giving and how the current economic turmoil has affected the nonprofit sector - the main topic of an August 2011 roundtable hosted by the Tax Policy and Charities project at the Urban Institute. Twenty-five experts on tax policy and the...
The Tax Treatment of Charities & Major Budget Reform
Eugene Steuerle testifies before the Senate Finance Committee on "Tax Reform Options: Incentives for Charitable Giving," presenting options on how to increase tax revenues with minimal impact or perhaps even an increase in charitable giving. Among other recommendations, he suggests a floor under...
Simple Tweak, Profound Effects
In a contribution to the New York Times' Room for Debate, Roberton Williams suggests Congress scale back on tax subsidies in a way that protects America's hard-hit middle class.
Tax Reform Options: Marginal Rates on High-Income Taxpayers, Capital Gains, and Dividends
Leonard Burman's testimony before the Senate Committee on Finance on tax reform options affecting high-income taxpayers.
Poverty and Income Tax Entry Threshold
The tax entry threshold is the income level at which a person begins paying federal income taxes. Unlike payroll taxes, income taxes do not start at the first dollar of earnings. Rather, the federal income tax system exempts an amount of income from taxation based on the type of tax unit (...
Options to Reform the Deduction for Home Mortgage Interest
Currently, taxpayers can deduct interest on up to $1 million in acquisition debt used to buy, build, or improve their primary residence or a second designated residence. In addition, taxpayers can deduct interest on up to $100,000 in home equity loans or other loans secured by their properties...
Buffett is Right: Raise Taxes on the Wealthy
In a contribution to the CNN.com, Bill Gale discusses the need to raise taxes on the wealthy.
Options to Limit the Benefit of Tax Expenditures for High-Income Households
This analysis measures the revenue and distributional impacts of three proposals to limit tax expenditures for higher-income households: the Obama Administration's plan to cap the value of itemized deductions at 28 percent; an effective minimum tax (EMT) to ensure that tax liability is at least...
Restoring Solvency and Improving Equity in Social Security Benefit Options
Gene Steuerle testifies on alternative ways to restore solvency and undertake benefit reforms in Social Security, concentrating on four: restricting automatic growth in benefits where needs are least, adjusting benefits so they both encourage employment and are concentrated more in older ages,...
The Top Total Income Tax Rate on Corporate Profits, 1913-2011
Corporate profits are taxed under both the corporate and individual income taxes. The total income tax rate on corporate profits therefore depends on the corporate rate and the individual rates on dividends and capital gains, as well as on the share of after-tax profits corporations pay as...