Tax Policy Center @TaxPolicyCenter
Independent, timely, accessible analyses of current and emerging tax policy issues. (Links/RTs/favorites/follows/etc. are not endorsements.) taxpolicycenter.org Washington DC Joined July 2009-
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While the home mortgage interest deduction is popular, but research has shown that it can increase both income and racial inequities. tpc.io/3TYrhVQ
We don’t know precisely what trade policies Trump might adopt if he returns to the White House. But a 100% tariff on imported cars would create an economic disaster for US consumers and thousands of workers. tpc.io/3IUx1JZ
There is massive potential for tax simplification: our tax code is riddled with special provisions that are difficult to interpret and enforce. tpc.io/4ciNdlB
11 states currently make their full Child Tax Credit available to families with very low incomes. tpc.io/3wKdauh
A tax credit for first-time homebuyers could help restructure subsidizes for home ownership — but retaining the current mortgage interest deduction misses an opportunity to do more. tpc.io/43uQlXw
Policymakers who might seek to increase shareholder taxes must grapple with a relatively small — and dwindling — number of taxable accounts. tpc.io/3VKt1Dr
While the home mortgage interest deduction is popular, research has shown that it can increase both income and racial inequities. tpc.io/3TYrhVQ
Foreign investors, retirement accounts, and other tax-exempt entities now dominate US stock ownership., complicating attempts to tax corporations and their shareholders tpc.io/3VKt1Dr
There is massive potential for tax simplification: our tax code is riddled with special provisions that are difficult to interpret and enforce. tpc.io/4ciNdlB
While the home mortgage interest deduction is popular, it can increase both income and racial inequities. tpc.io/3TYrhVQ
11 states currently make their full Child Tax Credit available to families with very low incomes. tpc.io/3wKdauh
We don’t know precisely what trade policies Trump might adopt if he returns to the White House. But a 100% tariff on imported cars would create an economic disaster for US consumers and thousands of workers. tpc.io/3IUx1JZ
Policymakers who might seek to increase shareholder taxes must grapple with a relatively small — and dwindling — number of taxable accounts. tpc.io/3VKt1Dr
Since the middle of the 20th century, the anti-tax movement has changed government and politics in profound ways. tpc.io/3J2Qg3T
New research has shown that the home mortgage interest deduction favors white families relative to Black and Hispanic or Latino families. tpc.io/3TYrhVQ
Is the modern anti-tax movement is the most important US political trend of the past half-century? tpc.io/3J2Qg3T
A tax credit for first-time homebuyers could help restructure subsidizes for home ownership — but retaining the current mortgage interest deduction misses an opportunity to do more. tpc.io/43uQlXw
New research has shown that the home mortgage interest deduction favors white families relative to Black and Hispanic or Latino families. tpc.io/3TYrhVQ
11 states currently make their full Child Tax Credit available to families with very low incomes. tpc.io/3wKdauh
Since the middle of the 20th century, the anti-tax movement has changed government and politics in profound ways. tpc.io/3J2Qg3T
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Since the middle of the 20th century, the anti-tax movement has changed government and politics in profound ways. tpc.io/3J2Qg3T
New research from Janet Holtzblatt, Gabriella Garriga and myself.
While the home mortgage interest deduction is popular, it can increase both income and racial inequities. tpc.io/3TYrhVQ
📽️ Now live: @RobertGoulder, @stevertax of @TaxPolicyCenter, and @livia_mucciolo discuss updated data from the policy center that shows a decreasing shareholder tax base, and how that could affect #TaxPolicy. taxnotes.co/4cvJe5r
Thanks to @TaxPolicyCenter for hosting a timely symposium on #tax simplification. @WilliamGale2 summarized his proposal (taxpolicycenter.org/publications/r…). @RichardRubinDC moderated a panel including @NatashaRSarin. Great crowd, including @kpomerleau.
Don't miss this! Joint Center Vice President, Policy @JessicaJFulton will provide the keynote speech at the @TaxPolicyCenter virtual event Racial Disparities in Tax Subsidies for Homeownership. When: 12 p.m. on April 2. Learn more and register here: jointcenter.org/joint-center-v…
"Additional presenters at @LizKrueger town hall included Lucy Dadayan... with @TaxPolicyCenter who presented an analytical breakdown of casino revenues in other cities & states — notably, showing a drop in other NYS casino tax revenues between 2019 & 2023" w42st.com/post/hells-kit…
@TaxPolicyCenter It’s “super exciting” to see the IRS already using its new funding to improve the tax system, like with its new Direct File system, @NatashaRSarin says, adding the influx of cash is helping bring the agency into the 21st century.
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I refer back to this resource all the time and am excited to see it updated!
TPC’s updated Briefing Book can help you understand the lay of the land on current tax and budget issues and keep up with fast-moving proposals and reforms. tpc.io/49WtwyA
@TaxPolicyCenter @GreenblumTax @MargotHollick @NatashaRSarin This is going to be an entertaining event, in part because I am promising not to sing selections from "Man of La Mancha."
Excited to see @USTreasury release analysis highlighting the historical context that inspired tax proposals that would reduce racial inequality. Similar analysis from the @TaxPolicyCenter is featured here apps.urban.org/features/feder….
.@USTreasury Releases Greenbook General Explanations And Racial Inequality Implications Of Tax Proposals In Biden's FY25 Budget bit.ly/49NVEUq
Researchers from the @TaxPolicyCenter compiled four parts of the Tax Code that worsen racial wealth disparities. Here’s a look at the big-picture implications of financial advisors’ work. #financialplanning #tax #probono bit.ly/3UZXYD2
The @TaxPolicyCenter documented a wealth of research displaying how U.S. tax policies both reflect and exacerbate racial wealth disparities. #wealth #money #investing bit.ly/3UZXYD2
Tax Policy Center estimates show that the Child Tax Credit expansion in the Tax Relief For American Families And Workers Act of 2024 would benefit children in families in the lowest income quintiles. tpc.io/424gQT2
New work: I helped make this scrolly explainer on how tax policy can worsen racial inequities for @urbaninstitute and @TaxPolicyCenter : apps.urban.org/features/feder…
Congress might increase child tax credits. But what does that mean? About $700 for low-income families. The poorest parents, though, will get zip. Thanks @TaxPolicyCenter and @BPC_Bipartisan for helping @routefifty understand. route-fifty.com/finance/2024/0…
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