A wealth tax would impose a levy on assets owned by an individual or household — as opposed to, for example, an income tax.
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Here are eleven charts that tell America’s fiscal story for 2019 — and show how our outlook went from bad to worse over the last 12 months.
As more time passes since enactment, and as more data become available, economists continue to weigh in with analyses of the TCJA’s effects.
Simplifying the tax code to enhance fairness and promote economic growth
The lengthy and complex United States tax code can be difficult for Americans to understand.
Tax reform done right will promote economic growth, increase fairness and simplicity, and improve the nation’s fiscal outlook.
The budgetary and economic effects of proposed tax legislation are a critical element of the debate.
Take our quiz to see how much you really know about how revenues are collected and federal funds are spent.
Tax breaks totaled nearly $1.5 trillion in 2018. To put that in perspective, that’s more than the government spends on Social Security, Medicare, or defense.
Some lawmakers favor substantial increases to marginal tax rates. Let’s look at how marginal tax rates and brackets work.