Publications -- Policy Backgrounder

Jul 27, 1990

BG #103 – Would a Capital Gains Tax Cut Increase or Reduce Government Revenue?

Last year the House passed a capital gains tax cut which subsequently died in the Senate.  The Joint Committee on Taxation (JCT) prediceted the bill would reduce federal revenues by about $60 billion over the next decade.  The National Center for Policy Analysis predicted the bill would increase federal revenue by $60 billion.  Congressional opponents of a capital gains tax cut agreed with the JCT.  Congressional supporters agreed with the NCPA.

Jul 20, 1990

BG #102 – Should Income Tax Rates For Wealthy Taxpayers Be Increased?

Lower personal income tax rates are Ronald Reagan's most significant legacy.  The highest rate was 70 percent in 1980.  Tax reform in 1981 reduced it to 50 percent and in 1986 to 28 percent that prevails today.  Although tax rates are much lower, the federal government now collects more revenue (as a percent of GNP) than it did in 1980.

Jul 20, 1990

BG #101 – Should 85 Percent of Social Security Benefits Be Taxed?

The elderly pay income taxes on up to one-half of their Social Security benefits if their total income exceeds $25,000 (individual) or $32,000 (couples).  They pay taxes on 50 cents of benefits for each $1 of income above these income thresholds.

• «
• Newer
• 1
• 2
• 3
• 4
• 5
• 6
• 7
• Older
• »