Report
Substantial Income of Wealthy Households Escapes Annual Taxation Or Enjoys Special Tax Breaks
Reform is needed.
Personal Taxes
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Policy Basics
Federal Tax Expenditures
Policy Basics
Tax Exemptions, Deductions, and Credits
Policy Basics
Marginal and Average Tax Rates
Policy Basics
The federal government relies heavily on the personal income tax, collecting about 49 percent of its revenues each year from that source.
We work to ensure that, in raising revenue for deficit reduction or other purposes, policymakers take a serious look at raising personal income taxes on the most well-to-do households — either by raising their tax rates or by scaling back the deductions, loopholes, and other preferences available to them.
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Much of Wealthiest Households’ Income Escapes Annual Tax or Gets Special Breaks
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Substantial Income of Wealthy Households Escapes Annual Taxation Or Enjoys Special Tax Breaks
Reform is...
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