Publications -- Taxes
Apr 07, 2008 |
BA #614 – Energy Independence in Brazil: Lessons for the United StatesNationwide, average retail gasoline prices are nearing the all-time inflation-adjusted high of $3.40 a gallon reached in 1981, lending urgency to renewed calls for U.S. energy independence. Analysts often tout Brazil as the epitome of energy self-sufficiency. Brazil imported more than 80 percent of its oil in the 1970s, but it likely reached energy independence by the end of 2007, according to projections from the U.S. Energy Information Administration (EIA). |
Mar 17, 2008 |
BA #612 – Giving No Credit Where It Is Due: Social Security DisabilityThe disability insurance component of the U.S. Social Security system is funded by a 1.8 percent payroll tax. It pays benefits to disabled adults who have earned a required number of credits based on previous years of work. The benefit amount is based on the wages taxed for Social Security. Most people do not realize that the system penalizes those who leave the workforce for a few years. The system often penalizes women, who are more likely to move in and out of the workforce. |
Jan 21, 2008 |
BA #606 – Tax Code Became More Progressive after the Bush Tax CutsCritics complain that the 2001 and 2003 Bush tax cuts gave the greatest tax relief to the wealthiest taxpayers. However, every major tax bill over the past 15 years — both Republican and Democrat — has increased the progressivity of the federal income tax system. |
Jan 10, 2008 |
ST #307 – The Bush Capital Gains Tax Cut after Four Years: More Growth, More Investment, More RevenuesIn May 2003, President George W. Bush signed into law his investment tax cut. This package included accelerated reductions in income tax rates, a cut in the dividend tax from 39.6 percent to 15 percent and a reduction in the capital gains tax from 20 percent to 15 percent. |
Oct 29, 2007 |
BA #600 – The Coming Tax TsunamiOver the next 25 years American taxpayers will face a fiscal tsunami. The first of the baby boomers will be eligible for early retirement beginning next year, and will be eligible for Medicare in 2011. The last of the Baby Boom generation, born in 1964, will reach normal retirement age (67 years) in 2031. Most baby boomers are approaching their peak earning years when they have the greatest capacity to save for retirement. |
Oct 29, 2007 |
BA #599 – The Surtax: Worse Than the Alternative Minimum TaxThe individual alternative minimum tax (AMT) was originally designed to tax wealthy households who paid little income tax due to deductions and credits they claimed. However, today's AMT is hitting more and more middle-class households in spite of temporary fixes (such as raising the threshold of income not subject to the AMT). The last temporary patch expired at the end of 2006. |
Oct 18, 2007 |
BA #597 – Repairing Bridges without Raising Gas TaxesIn the wake of the August 1, 2007, Minneapolis bridge collapse, Rep. Jim Oberstar (D-Minn.), chairman of the House Transportation and Infrastructure Committee, proposed a 5-cents-per-gallon increase in the federal excise tax on gasoline. Oberstar believes the hike would raise $25 billion over three years for critical bridge repairs across the United States. But his proposal flies in the face of growing public concern over sustained high gas prices. |
Sep 28, 2007 |
BA #595 – Crisis of the Uninsured: 2007Despite claims that there is a health insurance crisis in the United States, the proportion of Americans without health coverage has changed little in the past decade. The increase in the number of uninsured is largely due to immigration and population growth — and to individual choice. |
Sep 27, 2007 |
BA #594 – Chile's Answer to Rising U.S. Disability CostsAmericans are living longer and are healthier than previous generations, yet the number of workers receiving disability benefits is increasing. In fact, disability is the fastest-rising component of Social Security — growing at nearly twice the rate of spending on retirement benefits. |
Jul 16, 2007 |
BA #588 – How to Fix the Alternative Minimum TaxThe Alternative Minimum Tax (AMT) is an income tax monstrosity that denies middle-to-high-income people deductions that would otherwise be legitimate. The AMT requires an increasing number of taxpayers to compute their tax liability under the standard tax rules. Then, they compute it under the AMT. Then, they pay the greater of the two; minimum does not mean minimal. |
