federal taxes Archive

TweetShareSharePin0 Shares House Ways & Means completes its markup of Chairman Neal’s tax bill. The committee advanced the tax-related section of Democrats’ $3.5 trillion spending package. The bill extends more generous tax credits for low- and middle-income families as well as renewable energy and increases taxes on high-income individuals, large estates, and corporations. The package

TweetShareSharePin0 Shares The reconciliation legislation introduced by Democrats on the House Ways and Means committee would increase the top federal corporate tax rate from 21 to 26.5 percent. However, most companies would face a higher tax rate than 26.5 percent, given that most states also levy a corporate income tax. In the initial Biden administration

TweetShareSharePin0 Shares While average effective tax rates barely changed in the US from 1945 to 2015, the average tax rates of high-income households fell sharply—from about 50 percent to 25 percent for the highest income 0.01 percent and from about 40 percent to about 25 percent for the top 1 percent. Our measure of effective

TweetShareSharePin0 Shares Chairman Neal’s tax bill: Big, bold, with hits and misses. TPC’s Howard Gleckman boils the bill down to its essence: It’s big. Really big. He outlines some hits and misses, like increased IRS enforcement funding (a hit) and the 3 percentage point surtax on income over $5 million, in addition to a new

TweetShareSharePin0 Shares Welcome to our Spanish language podcast and radio programme Justicia ImPositiva with Marcelo Justo and Marta Nuñez, free to download and broadcast on radio networks across Latin America and Spain. ¡Bienvenidos y bienvenidas a nuestro podcast y programa radiofónico! Escuche por su app de podcast favorita. En este programa: ¿Habrá nuevas reglas impositivas para las grandes

TweetShareSharePin0 Shares House Democrats’ reconciliation legislation proposes raising the long-term capital gains tax rate to 25 percent and applying a new 3 percentage point surcharge on all income above $5 million of modified adjusted gross income. When including the net investment income tax of 3.8 percent under current law, the top marginal capital gains tax

TweetShareSharePin0 Shares Moving a tax bill. The House Ways & Means Committee will continue  work on its provisions of the Build Back Better Act. The panel begins Day 3 of its markup  today and will continue tomorrow, including the now released legislative amendment that details the House Democrats’ tax plan.  The big score. The Joint