Trends in Tax Expenditures: An Update
Over the period between 2013 and 2029, the sum of the estimated budgetary costs of all tax expenditures as a percentage of gross domestic product will range from approximately 8.5 percent in fiscal...
View ArticleTax Expenditures Remain A Significant Share of The Economy
Despite years of widespread discussion among lawmakers about the need to broaden the federal income tax base, tax expenditures have remained remarkably stable as a...
View ArticleDoes the Federal Income Tax Law Favor Entrepreneurs?
This paper estimates the effective tax rate on entrepreneurial income, defined as the return to an individual who starts a successful new business and then sells their interest once it becomes an...
View ArticleHarry Grubert’s Evolving Views on International Tax Policy
Harry Grubert made important contributions to our thinking about international tax policies. He identified the numerous margins on which corporate tax systems could distort behavior in a global economy...
View ArticleA Carbon Tax is Not the Solution to Global Climate Change
The definition of insanity, according to a famous quotation (often mis-attributed to Albert Einstein) is “doing the same thing over and over and expecting different...
View ArticleEffects of 2017 US Federal Tax Overhaul on the Energy Sector
This paper examines how the Tax Cuts and Jobs Act (TCJA) will affect the US energy sector. It combines qualitative analysis of a range of TCJA provisions with estimates from the Tax Policy Center’s...
View ArticleExamining the Tax Rules at Risk in SCOTUS Moore v. US Case
Later this year, the US Supreme Court will hear Moore v. United States , a case in which the plaintiffs are challenging the constitutionality of...
View ArticleThe Potential Economic Consequences of Disallowing the Taxation of Unrealized...
In a pending Supreme Court case, Moore v. United States, the plaintiffs are challenging the constitutionality of a provision in the 2017 Tax Cuts and Jobs Act imposing a transition tax on certain...
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