What Tax Brackets Are Americans In?
The federal government imposes individual income taxes at seven rates, ranging from 10 percent up to 39.6 percent. But for all the attention policymakers pay...
View ArticleFederal Taxes Are Very Progressive
The US federal tax system is highly progressive, primarily because individual income tax rates rise sharply with income and refundable tax credits lead to negative...
View ArticleMost Americans Pay More Payroll Tax Than Income Tax
Americans agonize each spring over their annual federal income tax returns. In terms of how much tax they pay, however, they should worry more about...
View ArticleNew tax calculator shows how taxes would change under Clinton & Trump tax...
Just in time for the presidential election, the Tax Policy Center’s Election Tax Calculator debuts today. We designed it to help taxpayers, analysts, and the...
View ArticleDonald Trump’s tax plan would hit single parents hard
Donald Trump has promised huge tax cuts for everyone. TPC’s analysis of his tax plan found that, on average , households throughout the income distribution...
View ArticleReforming child and work provisions in the federal income tax
The federal income tax is packed with provisions aimed at subsidizing and encouraging work and helping families with children. While well intentioned, they complicate the...
View ArticleTake the new TPC/Vox Tax Quiz
Now that it’s February and you’ve probably received your W-2s and 1099s for 2016, it’s time to start thinking about filing your tax returns. What...
View ArticleA revised TPC calculator shows the tax costs—or benefits—of marriage
As St. Valentine’s Day rolls around this year, the Tax Policy Center has once again done its part for romance by rolling out a completely...
View ArticleWhat's Happened to the ACA Penalty Tax?
With less than two weeks to go before Americans must file their 2016 federal income tax returns, those who didn’t have required health insurance coverage...
View ArticleCaught Again By The AMT
Like many of the five million tax filers who must pay the Alternative Minimum Tax (AMT), I am trapped. I wrote a big check to...
View Article
