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Policy Basics

The individual income tax and payroll tax together generate 84 percent of federal revenues, while corporate, excise, and other taxes generate the rest.

We analyze major tax proposals, examining their likely impact on the economy, on the nation’s fiscal health, and on the government’s ability to address critical national needs, especially over the long term. We also examine the impact of tax proposals on households at different income levels.

Tax Day Is Approaching: 5 Facts to Know

This year’s Tax Day is April 18 — just days away. Here are five important facts to keep in mind about claiming valuable tax credits, filing deadlines, and available resources to help with...