Fiscal Cliff Deal Prevented Millions from Missing Out on AMT Fun
A new study from the Tax Policy Center discovered that more taxpayers will be subject to the alternative minimum tax in the coming years — 6.1 million by 2023 — but man, things could've been really interesting/irritating. Without the fiscal cliff deal, 22.6 million taxpayers would've gotten to know Form 6251 in 2013, growing to […]
Here’s What the Fiscal Cliff Looks Like
The Tax Policy Center released a new paper today that should be sufficient for scaring the living daylights out of anyone that doesn't like the idea of taxes going up. The paper's abstract states: Almost 90 percent of Americans would see their taxes rise if we topple off the cliff. For most households, the two biggest […]
David Cay Johnston Sticks Up for Tax Nerds Being Picked on By the Romney Campaign
The Romney campaign isn't crazy about the Tax Policy Center's critique of their tax plan presumably because it casts a bit of an unflattering light on it (i.e. isn't mathematically possible, leaves out a lot of details). Yes, some people with the campaign or the Wall Street Journal editorial board might tell you different, that […]
Tax Policy Center and Wall Street Journal Still Trying to Out-nerd Each Other Over Mitt Romney’s Tax Plan
Remember how the tax wonks at the Tax Policy Center wrote a paper that said, "Hey! Mitt Romney! Your tax plan is great and all but it's mathematically impossible for you do everything you say you want to do and could result in a tax increase on the middle class," and the Wall Street Journal […]
The Wall Street Journal, For One, Has No Problem Making Mitt Romney’s Tax Plan Mathematically Possible
Late yesterday (or for you nostalgic types, in today's print edition), the Wall Street Journal published an editorial that goes after the Brookings Institution and Tax Policy Center for their analysis of Mitt Romney's tax plan. The long-short of the analysis is that, given what has been said by Mittens re: tax reform, there is […]