Taxes

In this report, we look at the question of how much revenue could realistically be raised from higher taxes on the top, drawing on new features from the Budget Lab's tax model. Careful estimates of revenue capacity are a key input into the policymaking process.

Explore how different top-tax policy levers interact with one another. Users can build their own reform package and examine the revenue and distributional implications of the package as a whole, not just of the individual pieces.

Federal taxation of marijuana would likely raise significant revenues, but the magnitude is especially uncertain given the complicated legal picture

A federal gas tax holiday would offset a small portion of the gasoline price increase since the Iran conflict began, with benefits that vary substantially within income groups.

New data and research make it possible to refine estimates of how much revenue can be raised from taxing carried interest. A broad carried-interest proposal could raise $100 billion over ten years, with substantially more revenue raised after that.

Spending on the IRS has a very high rate of return in the form of increased revenue. IRS reductions have likely resulted in about $861 billion in decreased revenues.

Expanding the standard deduction, CTC, and EITC would boost after-tax incomes for low- and middle-income households, partially offset by increases in top income tax rates.

The proposal would cut middle-income taxes through a new cap on tax liability, paid for by a progressive surtax on filers earning over $1 million.

Indexing capital gains to inflation would cost between roughly $170 billion and $1 trillion over ten years, with benefits concentrated among top income earners.

The Super Bowl alone could bring in upwards of $175 million in tax revenue if a 10% tax were implemented.