news & studies

NEWS

WSJ: Here Come the Taxes

“The lower 2017 corporate rate was intended to reduce the double taxation of corporate income that is built into the U.S. code. Mr. Clifton calculates that if the Biden plan becomes law the U.S. would have the highest overall tax burden on corporate income—62.7%—in the OECD.”

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STUDIES

Ernst & Young: The Beneficiaries of the Dividend Tax Rate Reduction: A Profile of Qualified Dividend Shareholders

25.4 million tax returns included qualified dividends in 2009, representing $123.6 billion of qualified dividends.

The tax returns with qualified dividends have the following profile:
*63 percent are from taxpayers age 50 and older,
*32 percent are from taxpayers age 65 and older,
*68 percent are from returns with incomes less than $100,000, and 40 percent are from returns with incomes less than $50,000.

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PPI: Taxing Capital in a Supply-Chain World

This analysis argues that the rates on income from capital investment should be kept low, because it is an important element of the kind of broader tax system we need: one that attracts and encourages capital investment, rather than reducing investment options by raising the cost of capital.

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