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Who Pays Income Taxes: Tax Year 2021 - Foundation
National Taxpayers Union
(pdf) Introduction It is a common refrain from some politicians that the rich are not paying their fair share of income taxes.
2 months ago
Individual Income Tax Credits | IRS Form 1040
Tax Foundation
In 2020, taxpayers claimed more than 159 million tax credits on their individual income tax returns. See income tax credits on IRS Form...
8 months ago
IRS Floats Expanding Tax Info Disclosures To Census Bureau
Law360
The Internal Revenue Service proposed rules Thursday that would expand what tax return information can be disclosed to the U.S. Census...
4 weeks ago
California Mints Millionaires Faster Than They Can Leave
Bloomberg.com
New IRS data show the state's share of US taxpayers making $1 million or more rose from 2019 to 2021. The same can't be said of Florida,...
1 month ago
Poor, Minority Areas More Likely To Have Paid Tax Preparers, Report Says
HuffPost
The largely unregulated industry often sees error-ridden returns and high fees, a justice group alleges.
1 month ago
Did Tax Cuts and Jobs Act of 2017 Increase Revenue on US Corporations' Foreign Income? — Penn Wharton Budget ...
Penn Wharton Budget Model
Despite a complete overhaul of the US system of international corporate taxation in the Tax Cuts and Jobs Act of 2017,...
6 months ago
These are the 10 wealthiest counties in California, according to new median income ranking
Sacramento Bee
SmartAsset ranks wealthiest counties in CA, with Santa Clara County at number one spot. Median income and home value for each county...
9 months ago
Secure 2.0 Saver's Match could help 21.9M Americans
InvestmentNews
Using federal tax data, EBRI offers 'starting point' to estimate the impact of the SECURE 2.0 match on lower-income workers in 2027.
1 month ago
What Is the Average Federal Individual Income Tax Rate on the Wealthiest Americans? | CEA
The White House (.gov)
By Greg Leiserson, Senior Economist (CEA); and Danny Yagan, Chief Economist (OMB). Abstract: We estimate the average Federal individual...
31 months ago
Federal Tax Complexity & Costs Demand Reform
Tax Foundation
Lawmakers should reform the federal tax code so that taxpayers can understand the laws and the IRS can administer them with minimum cost and frustration.
8 months ago