Taxes and the Federal Budget
This section explores the historical and current state of taxation and the federal budget.
Overview : Taxes
This overview examines the types of taxes and explores five principles used to judge whether a tax is good or bad.
This overview examines the types of taxes and explores five principles used to judge whether a tax is good or bad.
Citizens for Tax Justice
Citizens for Tax Justice is a nonpartisan, nonprofit research and advocacy organization dedicated to fair taxation at the federal, state, and local levels of government.
Citizens for Tax Justice is a nonpartisan, nonprofit research and advocacy organization dedicated to fair taxation at the federal, state, and local levels of government.
Federal Taxation of Earnings versus Investment Income in 2004
The 2003 Congressional tax cut reduced the top federal personal income tax rate on capital gains and dividends to only 15 percent. That compares to a 35 percent top tax rate on wages or to the combined income-tax-plus-payroll-tax rate of more than 30 percent for the average worker. This analysis examines how personal taxes on total investment income compare with taxes on earnings. (PDF)
The 2003 Congressional tax cut reduced the top federal personal income tax rate on capital gains and dividends to only 15 percent. That compares to a 35 percent top tax rate on wages or to the combined income-tax-plus-payroll-tax rate of more than 30 percent for the average worker. This analysis examines how personal taxes on total investment income compare with taxes on earnings. (PDF)
Most of Post-2002 Tax Cuts Go to Top 1%
This analysis -- using data from the Institute on Taxation and Economic Policy -- shows that half of the Bush tax cuts scheduled to take effect after 2002 will go to the top one percent of all taxpayers.
This analysis -- using data from the Institute on Taxation and Economic Policy -- shows that half of the Bush tax cuts scheduled to take effect after 2002 will go to the top one percent of all taxpayers.
Who Pays?
Who Pays? is a comprehensive analysis of state and local tax burdens in all 50 states. The 2003 study reveals that ,on average, state and local tax systems require the poorest taxpayers to pay the highest effective tax rates; in other words, these taxes are regressive.
Who Pays? is a comprehensive analysis of state and local tax burdens in all 50 states. The 2003 study reveals that ,on average, state and local tax systems require the poorest taxpayers to pay the highest effective tax rates; in other words, these taxes are regressive.