Individual Taxes Archive

TweetShareSharePin0 Shares A key feature of President Biden’s effort to expand government support for low-income families is its increase in the earned income tax credit (EITC) for workers without qualifying children living at home. But, as designed, the so-called childless EITC adds to significant marriage penalties and divorce bonuses for many low earners who marry

TweetShareSharePin0 Shares Tax policy isn’t just for economists, lawyers, or policymakers. Taxes affect us all and The Tax Hound engages the rest of us in interesting conversations about what government taxes, and why. Source link TweetShareSharePin0 Shares

TweetShareSharePin0 Shares Congress is moving toward rectifying the decade-long funding crisis at the IRS. The House is on track to adopt President Biden’s proposed $1.6 billion budget increase from the 2021 level (not counting the funds in COVID relief legislation). And the infrastructure framework agreed to by the president and a bipartisan group of senators

TweetShareSharePin0 Shares A recent Wall Street Journal report made me wonder about tax-exempt hospitals.  The story details how a nonprofit organization, RIP Medical Debt, collected tax-deductible donations to pay $282 million in medical debt owed by 82,000 patients of the tax-exempt hospital system Ballad Health. Ballad serves Tennessee, Virginia, North Carolina, and Kentucky. Many of

TweetShareSharePin0 Shares Pro Publica’s recent story about the small amount of tax paid by many of the nation’s billionaires has focused new attention on what critics say is the unfairness of our tax system. It also raises important questions about how we use, misuse, and develop tax information for political and policy purposes. Here are

TweetShareSharePin0 Shares Most Social Security reform proposals have focused on one goal: restoring the program’s long-run fiscal balance. Yet under all recent proposed restructurings we have examined—whether by Democrats or Republicans in Congress, in the presidential campaign, or by a bipartisan commission—the share of older adults and younger people with disabilities who live in relative

TweetShareSharePin0 Shares What if millions of state or federal income tax filers had the opportunity to register to vote or update their voter registration at the same time they filled out their tax returns? For years, I’ve studied the potential effect of letting people register when they file their income tax returns – and recently