Taxes

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.