The U.S. Forgoes Hundreds of Billions of Dollars Each Year Due to Unpaid Taxes
Cracking down on the tax gap would not only introduce more fairness into the system, but it could be a big help for our nation’s fiscal imbalance.
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Cracking down on the tax gap would not only introduce more fairness into the system, but it could be a big help for our nation’s fiscal imbalance.
Many options exist to reduce the imbalance between spending and revenues, including additional taxes on wealthier Americans.
https://www.pgpf.org/blog/2023/04/five-different-ways-of-raising-taxes-on-the-wealthiest-americans
A new paper from Manhattan Institute’s Brian Riedl examines ways to raise revenue from high-income Americans.
As the coronavirus (COVID-19) pandemic took hold, economic activity slowed and tax revenues in most states began to decline.
https://www.pgpf.org/blog/2020/12/state-tax-revenues-took-a-hit-in-the-wake-of-the-pandemic
Corporate tax receipts dropped by 31% in 2018 — an unprecedented decline during a time of economic growth. Explore what's responsible for the plunge.
Lawmakers should pursue policies that don’t make our fiscal outlook even worse.
https://www.pgpf.org/blog/2017/10/tax-cuts-then-and-now-the-debt-is-much-higher
With a new Congress and president in place, a number of important fiscal and economic policy issues have come to the forefront in January.
https://www.pgpf.org/blog/2017/01/this-month-in-fiscal-review-healthcare-taxes-and-debt
Last year's tax legislation was a key opportunity to simplify the tax code, but the TCJA actually increased the number of tax breaks.
The benefits from tax breaks do not flow equally to households of different income levels.
https://www.pgpf.org/blog/2022/03/who-benefits-more-from-tax-breaks-high-or-low-income-earners
A key provision of the ARP advances half of the expected credit for 2021 in periodic payments, which have now begun.
https://www.pgpf.org/blog/2021/07/what-to-know-about-the-new-monthly-child-tax-credit-payments