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Three Steps to Help Close the Tax Gap

May 3, 2016

Americans paid about 82 percent of the federal taxes they owed for tax years 2008-2010 voluntarily and on time, according to new IRS data.  Including enforcement and late payments, that number rises to 84 percent.  But this means that the government didn’t collect an annual average of about...

IRS Has Cut Enforcement Staff by 23 Percent Since 2010

Senate Finance Committee Should Require Competence from Paid Tax Preparers

April 19, 2016

The Senate Finance Committee should restore a provision that required paid tax return preparers to meet a basic standard of competence.

Dollar and Columns

Top 10 Federal Tax Charts

April 15, 2016

These ten charts — previewed in our Countdown to Tax Day series — provide context for some important tax policy issues.

In Focus: Sources of Federal Tax Revenue, 2015

Countdown to Tax Day: Americans Proud to Pay Taxes

April 14, 2016

Forget the conventional wisdom.  Americans overwhelmingly take pride in paying their taxes, a 2014 survey by the IRS Oversight Board shows.

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Countdown to Tax Day: Tax Code Favors Foreign Profits

April 13, 2016

Tax Day is a timely reminder that wage and salary earners, and small and domestic businesses, pay taxes on their income and profits each year to pay for the nation’s priorities, ranging from safer highways to health care for the elderly, a soldier’s gear, and diabetes research.  Yet many multinational corporations effectively get to choose each year whether and how much U.S. tax to pay on...

Multinationals Have Strong Tax Incentive to Earn and Report Profits Offshore

Countdown to Tax Day: Spending Through the Tax Code

April 11, 2016

One area of the federal tax code that’s ripe for reform is “tax expenditures” — or subsidies delivered to individuals or businesses through deductions, exclusions, and other tax...

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Countdown to Tax Day: IRS Funding Falls Far Short of Need

March 30, 2016

The Internal Revenue Service (IRS) plays a fundamental role in our system of government — helping taxpayers comply with the tax code, ensuring that the tax laws are enforced fairly and credibly, and collecting nearly all of the revenue that funds federal programs from defense to the safety net, roads, scientific research, and education.  While policymakers should give the IRS the resources...

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Countdown to Tax Day: Permanent EITC and CTC Improvements Are an Anti-Poverty Achievement

March 29, 2016

There’s understandable skepticism that lawmakers will act this year to correct the glaring flaw in the tax code that taxes childless adults into or deeper into poverty.  But...

Working Family Tax Credits Help at Every Stage of Life

Countdown to Tax Day: Bipartisan Proposals Advance Principle That Childless Workers Shouldn’t Be Taxed Into Poverty

March 28, 2016

As I’ve explained, childless adults are the lone group that the federal tax code taxes into or deeper into poverty.  Fortunately, policymakers of both parties — including President Obama and House Speaker Paul Ryan, as well as Senate Finance Committee member Sherrod Brown and House Ways...

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Countdown to Tax Day: 8 Million Childless Workers Taxed Into Poverty

March 25, 2016

Federal taxes are generally designed to ensure that federal income and payroll taxes don’t tax people into — or deeper into — poverty.  The glaring exception is childless adults, more than 8 million of whom are, in fact, taxed into or deeper into poverty.

That’s mostly because they’re largely excluded from the Earned Income Tax Credit (EITC), which, for them, is too small (or, for many...

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