Statement by Peter G. Peterson Foundation on Baucus-Hatch Tax Reform Principles
Peter G. Peterson releases a statement on Baucus-Hatch tax reform principles.
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Peter G. Peterson releases a statement on Baucus-Hatch tax reform principles.
The top 20 percent of income earners receive over half the value of major tax expenditures.
https://www.pgpf.org/Chart-Archive/0199_distribution_tax_expenditures
As a share of GDP, the U.S. corporate income tax revenue is the lowest among G7 countries.
The top 1 percent of taxpayers generate 30 percent of individual income tax revenues.
Income growth since 1979 is larger for high-income earners, even when including transfers and taxes.
https://www.pgpf.org/chart-archive/0059_income-growth-disparity
Between 1979 and 2016, income increased more quickly for high-income earners.
https://www.pgpf.org/chart-archive/0060_income-disparity-before-transfers-taxes
A panel of experts discussed the potential for a well-designed carbon tax to play a role in putting our nation on a more sustainable fiscal path.
There have been a number of proposals to increase, eliminate, or otherwise adjust the payroll tax cap as a way to shore up Social Security’s finances.
Here we analyze the extent to which more funding impacts tax compliance, the tax gap, and federal revenues.
https://www.pgpf.org/blog/2023/12/would-increased-funding-for-the-irs-narrow-the-tax-gap
On average, Social Security benefits exceed Social Security taxes over an individual’s lifetime.
https://www.pgpf.org/Chart-Archive/0198_social_security_lifetime_benefits