You limited your search to:

 Collection: Congressional Research Service Reports
Value-Added Tax as a New Revenue Source
No Description digital.library.unt.edu/ark:/67531/metacrs5415/
Value-Added Tax as a New Revenue Source
No Description digital.library.unt.edu/ark:/67531/metacrs5414/
Value-Added Tax as a New Revenue Source
No Description digital.library.unt.edu/ark:/67531/metacrs5413/
Value-Added Tax as a New Revenue Source
No Description digital.library.unt.edu/ark:/67531/metacrs5412/
The Federal Excise Tax on Gasoline and the Highway Trust Fund: A Short History
No Description digital.library.unt.edu/ark:/67531/metacrs1171/
Transportation Fuel Taxes: Impacts of a Repeal or Moratorium
No Description digital.library.unt.edu/ark:/67531/metacrs1182/
501(c)(4)s and the Gift Tax: Legal Analysis
This report discusses whether substantial donations to tax-exempt 501(c)(4) organizations are subject to the federal gift tax. digital.library.unt.edu/ark:/67531/metadc103149/
Marriage Tax Penalties: Legislative Proposals in the 106th Congress
No Description digital.library.unt.edu/ark:/67531/metacrs1219/
The Marriage Tax Penalty: An Overview of the Issues
No Description digital.library.unt.edu/ark:/67531/metacrs1713/
The Marriage Tax Penalty: An Overview of the Issues
No Description digital.library.unt.edu/ark:/67531/metacrs1218/
The Marriage Tax Penalty: An Overview of the Issues
No Description digital.library.unt.edu/ark:/67531/metacrs1217/
Selected Recently Expired Business Tax Provisions ("Tax Extenders")
This report briefly summarizes and discusses the economic impact of selected business-related tax provisions that expired at the end of 2013 and that are being considered for extension. digital.library.unt.edu/ark:/67531/metadc306513/
State Taxation of Internet Transactions
This report intends to clarify significant issues in the remote sales tax collection debate, beginning with a description of state and local sales and use taxes. Congress has a role in this issue because interstate commerce, in most cases, falls under the Commerce Clause of the Constitution. Congress will likely be asked to choose between taking either an active or passive role in the debate. In the 111th Congress, H.R. 5660 (former Representative Delahunt) would have granted SSUTA member states the authority to compel out-of- state vendors to collect sales and use taxes. digital.library.unt.edu/ark:/67531/metadc83968/
The Alternative Minimum Tax for Individuals: Legislative Activity in the 110th Congress
The alternative minimum tax (AMT) for individuals was originally enacted to ensure that all taxpayers, especially high-income taxpayers, pay at least a minimum amount of federal taxes. However, the AMT is not indexed for inflation, and this factor, combined with recent reductions in the regular income tax, has greatly expanded the potential impact of the AMT. This report explains legislation for the FY2009 budget compromise, which includes an offset AMT patch. digital.library.unt.edu/ark:/67531/metacrs10764/
Capital Gains and Securities Transactions Taxation in Japan: Fact Sheet
This fact sheet provides information on the taxation of securities transactions and capital gains income in Japan at the national level. digital.library.unt.edu/ark:/67531/metacrs155/
State Sales Taxation of Internet Transactions
No Description digital.library.unt.edu/ark:/67531/metacrs5748/
Tax Havens: International Tax Avoidance and Evasion
The federal government loses both individual and corporate income tax revenue from the shifting of profits and income into low-tax countries, often referred to as tax havens. The revenue losses from this tax avoidance and evasion are difficult to estimate, but some have suggested that the annual cost of offshore tax abuses may be around $100 billion per year. Recent actions by the Organization for Economic Cooperation and Development (OECD) and the G-20 industrialized nations have targeted tax haven countries, focusing primarily on evasion issues. There are also a number of legislative proposals that address these issues including the Stop Tax Haven Abuse Act (S. 506, H.R. 1265); draft proposals by the Senate Finance Committee; two other related bills, S. 386 and S. 569; and a proposal by President Obama. This report discusses this issue in detail. digital.library.unt.edu/ark:/67531/metadc26159/
Tax Credit Bonds: Overview and Analysis
Tax Credit Bonds (TCBs) are a type of bond that offers the holder a federal tax credit instead of interest. This report explains the tax credit mechanism and describes the market for the bonds. It also discusses related pieces of legislation and what the most common uses of the proceeds from TCBs are. digital.library.unt.edu/ark:/67531/metadc26145/
U.S. Taxation of Overseas Investment and Income: Background and Issues in 2005
No Description digital.library.unt.edu/ark:/67531/metacrs7283/
Political Organizations Under Section 527 of the Internal Revenue Code
No Description digital.library.unt.edu/ark:/67531/metacrs7225/
Political Organizations Under Section 527 of the Internal Revenue Code
No Description digital.library.unt.edu/ark:/67531/metacrs7093/
The Taxpayer Relief Act of 1997: An Overview
No Description digital.library.unt.edu/ark:/67531/metacrs494/
A History of Federal Estate, Gift, and Generation-Skipping Taxes
In this report, the history of the federal transfer taxes, has been divided into four parts: (1) the federal death and gift taxes utilized in the period 1789 to 1915; (2) the development of the modern estate and gift taxes from 1916 through 1975; (3) the creation and refinement of a unified estate and gift tax system, supplemented by a generation-skipping transfer tax; and (4) the phase out and repeal of the estate and generation-skipping taxes, with the gift tax being retained as a device to protect the integrity of the income tax. digital.library.unt.edu/ark:/67531/metacrs5392/
A History of Federal Estate, Gift, and Generation-Skipping Taxes
In this report, the history of the federal transfer taxes, has been divided into four parts: (1) the federal death and gift taxes utilized in the period 1789 to 1915; (2) the development of the modern estate and gift taxes from 1916 through 1975; (3) the creation and refinement of a unified estate and gift tax system, supplemented by a generation-skipping transfer tax; and (4) the phase out and repeal of the estate and generation-skipping taxes, with the gift tax being retained as a device to protect the integrity of the income tax. digital.library.unt.edu/ark:/67531/metacrs1946/
State Sales Taxation of Internet Transactions
No Description digital.library.unt.edu/ark:/67531/metacrs1979/
An Analysis of the Tax Treatment of Capital Losses
This report provides an overview of issues related to the tax treatment of capital losses. It explains the current income tax treatment of losses, describes the historical treatment of losses, provides examples of the tax gaming opportunities associated with the net loss deduction, examines the distributional issues, and discusses the possible stimulative effects of an increase in the net loss deduction. digital.library.unt.edu/ark:/67531/metacrs3447/
Tax Treaty Legislation in the 110th Congress: Explanation and Economic Analysis
This report discusses the proposals that are designed to curb “treaty shopping” — instances where a foreign parent firm in one country receives its U.S.-source income through an intermediate subsidiary in a third country that is signatory to a tax-reducing treaty with the United States. digital.library.unt.edu/ark:/67531/metadc96794/
Taxes and the Economy: An Economic Analysis of the Top Tax Rates Since 1945
This report attempts to clarify whether or not there is an association between the tax rates of the highest income taxpayers and economic growth. Data is analyzed to illustrate the association between the tax rates of the highest income taxpayers and measures of economic growth. digital.library.unt.edu/ark:/67531/metadc122256/
The Child Tax Credit and the President's Tax Cut Plan
The child tax credit was enacted as part of the Taxpayer Relief Act of 1997. The current credit is $500 per qualifying child. President Bush has proposed increasing the child tax credit to $1,000 per qualifying child. The President has also proposed making permanent the temporary rule in current law that allows the child tax credit to offset a taxpayer’s alternative minimum tax. digital.library.unt.edu/ark:/67531/metacrs1968/
Tax Reform and Distributional Issues
No Description digital.library.unt.edu/ark:/67531/metacrs9269/
Individual Retirement Accounts (IRAs): Tax Incentives for Retirement Savings
No Description digital.library.unt.edu/ark:/67531/metacrs8611/
An Overview of Tax Benefits for Higher Education Expenses
No Description digital.library.unt.edu/ark:/67531/metacrs8444/
The Effects of Indexation on Tax Revenues and Distributional Effects of the U.S. Individual Income Tax System: A Historical Simulation
This report compares the actual tax revenues and distribution of the tax burden under the Federal individual income tax from 1971 to 1981 with estimates of what they would have been under the 1971 tax structure if indexed for inflation and under the 1971 tax structure if left unchanged. Policy implications of the comparison are discussed. digital.library.unt.edu/ark:/67531/metacrs8815/
Estate and Gift Taxes: Economic Issues
The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA, P.L. 107-16) repeals the estate tax in 2010. During the phase-out period, the new law increases the exempt amount to $3.5 million by 2009 ($1.5 million in 2005), lowers the top rate to 45% by 2007 (the top rate in 2005 is 47%), and repeals the federal credit for state death taxes in 2005. The federal gift tax remains though the rate is reduced to the top personal income tax rate (35% in 2005). After repeal of the estate tax, carryover basis replaces step-up in basis for assets transferred at death. The legislation includes an exemption from carryover basis for capital gains of $1.3 million (and an additional $3 million for a surviving spouse). However, the estate tax provision in EGTRRA automatically sunsets December 31, 2010. digital.library.unt.edu/ark:/67531/metacrs8575/
Retirement Plans with Individual Accounts: Federal Rules and Limits
No Description digital.library.unt.edu/ark:/67531/metacrs7043/
Income Tax Relief in Times of Disaster
No Description digital.library.unt.edu/ark:/67531/metacrs7646/
Estate Tax Legislation in the 109th Congress
Under provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA, P.L. 107-16), the estate tax and generation-skipping transfer tax are scheduled to be repealed effective January 1, 2010. But the estate tax repeal, and all other provisions of EGTRRA, are scheduled to sunset December 31, 2010. If the sunset provision is not repealed, or the law is not otherwise changed beforehand, in 2011 estate and gift tax law will return to what it would have been had EGTRRA never been enacted. The unified estate and gift taxes will be reinstated with an exclusion amount of $1 million. The maximum tax rate will revert to 55%. digital.library.unt.edu/ark:/67531/metacrs7434/
The Effect of the President’s Dividend Relief Proposal on Corporate Tax Subsidies
The first section of this report explains how these excludable dividend amounts (EDAs) work and how they affect the value of corporate tax preferences. The second section of the report details alternative approaches and their effects on corporate tax subsidies. The next section of the report explores the rationale for EDAs. The final section concludes with a review of general policy issues, including a discussion of the general types of corporate tax preferences currently allowed and a discussion of possible alternative approaches. digital.library.unt.edu/ark:/67531/metacrs7576/
Individual Retirement Accounts (IRAs)
No Description digital.library.unt.edu/ark:/67531/metacrs8165/
Extending the 2001, 2003, and 2004 Tax Cuts
This report discusses the Economic Growth and Tax Relief Reconciliation Act of 2001, the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA, and the Working Family Tax Relief Act of 2004 (WFTRA). Since all of the tax reductions provisions of all three of these acts expire at some point in the future, Congress faces the issue of whether to extend and/or make the reductions permanent. Extending these tax reductions, however, is likely to significantly reduce federal revenues in the future. digital.library.unt.edu/ark:/67531/metacrs6725/
Jobs and Growth Tax Relief Reconciliation Act: Provisions Expiring in 2004
No Description digital.library.unt.edu/ark:/67531/metacrs6596/
Jobs and Growth Tax Relief Reconciliation Act: Provisions Expiring in 2004
No Description digital.library.unt.edu/ark:/67531/metacrs6595/
Forms that Incorporate Abroad for Tax Purposes: Corporate "Inversions" and "Expatriation"
No Description digital.library.unt.edu/ark:/67531/metacrs6378/
Tax Cuts, the Business Cycle, and Economic Growth: A Macroeconomic Analysis
No Description digital.library.unt.edu/ark:/67531/metacrs5435/
Tax Cuts, the Business Cycle, and Economic Growth: A Macroeconomic Analysis
No Description digital.library.unt.edu/ark:/67531/metacrs1957/
Estate and Gift Taxes: Economic Issues
The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA, P.L. 107-16) repeals the estate tax in 2010. During the phase-out period, the new law increases the exempt amount to $3.5 million by 2009 ($1.5 million in 2005), lowers the top rate to 45% by 2007 (the top rate in 2005 is 47%), and repeals the federal credit for state death taxes in 2005. The federal gift tax remains though the rate is reduced to the top personal income tax rate (35% in 2005). After repeal of the estate tax, carryover basis replaces step-up in basis for assets transferred at death. The legislation includes an exemption from carryover basis for capital gains of $1.3 million (and an additional $3 million for a surviving spouse). However, the estate tax provision in EGTRRA automatically sunsets December 31, 2010. digital.library.unt.edu/ark:/67531/metacrs6312/
The Level of Taxes in the United States, 1940-2000
No Description digital.library.unt.edu/ark:/67531/metacrs1962/
What Effects Have the Recent Tax Cuts Had on the Economy?
No Description digital.library.unt.edu/ark:/67531/metacrs6047/
Tax Cut Bills in 2003: A Comparison
No Description digital.library.unt.edu/ark:/67531/metacrs5451/
Tax Cut Bills in 2003: A Comparison
No Description digital.library.unt.edu/ark:/67531/metacrs5450/