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 Collection: Congressional Research Service Reports
Tax Reform Effects

Tax Reform Effects

Date: May 13, 1987
Creator: Noto, Nonna A
Description: None
Contributing Partner: UNT Libraries Government Documents Department
Tax Cuts on Repatriation Earnings as Economic Stimulus: An Economic Analysis

Tax Cuts on Repatriation Earnings as Economic Stimulus: An Economic Analysis

Date: May 27, 2011
Creator: Marples, Donald J. & Gravelle, Jane G.
Description: From the start of the 112th Congress, reform of the current U.S. corporate tax system has been widely debated as an option to stimulate the economy. Most of the debate has focused on lowering the corporate tax rate and moving towards a territorial system. An exception to this is a plan to reduce the tax rate on repatriated dividends that has received some consideration. Under such a plan, the U.S. tax that U.S. firms pay when their overseas operations remit ("repatriate") their foreign earnings as dividends to their U.S. parent corporations would be reduced. Variations of this type of proposal have been introduced in several bills, including H.R. 1036, H.R. 1834, and S. 727, in the 112th Congress.
Contributing Partner: UNT Libraries Government Documents Department
Tax Gap: Should the 3% Withholding Requirement on Payments to Contractors by Government Be Repealed?

Tax Gap: Should the 3% Withholding Requirement on Payments to Contractors by Government Be Repealed?

Date: September 12, 2011
Creator: Bickley, James M.
Description: This reports discusses tax gaps and withholding, and concerns and legislation regarding these issues in the 112th Congress.
Contributing Partner: UNT Libraries Government Documents Department
Tax Return Confidentiality

Tax Return Confidentiality

Date: March 24, 1978
Creator: Zaritsky, Howard
Description: None
Contributing Partner: UNT Libraries Government Documents Department
Research and Experimentation Tax Credit: Current Status and Selected Issues for Congress

Research and Experimentation Tax Credit: Current Status and Selected Issues for Congress

Date: October 6, 2008
Creator: Guenther, Gary
Description: This report examines the current status of the credit, summarizes its legislative history, discusses some key policy issues it raises, and describes legislation in the 110th Congress to modify or extend it.
Contributing Partner: UNT Libraries Government Documents Department
The Work Opportunity Tax Credit: A Fact Sheet

The Work Opportunity Tax Credit: A Fact Sheet

Date: April 2, 1998
Creator: Levine, Linda
Description: The 104th Congress replaced the Targeted Jobs Tax Credit (TJTC, 1978-1994) with the Work Opportunity Tax Credit (WOTC) in section 1201 of the Small Business Job Protection Act of 1996 (P.L. 104-188). This document provides basic facts about the WOTC.
Contributing Partner: UNT Libraries Government Documents Department
Value-Added Tax: A New U.S. Revenue Source?

Value-Added Tax: A New U.S. Revenue Source?

Date: August 22, 2006
Creator: Bickley, James M
Description: None
Contributing Partner: UNT Libraries Government Documents Department
The Retirement Savings Tax Credit: A Fact Sheet

The Retirement Savings Tax Credit: A Fact Sheet

Date: August 7, 2006
Creator: Purcell, Patrick
Description: The Economic Growth and Tax Relief Reconciliation Act of 2001 authorized a non-refundable tax credit of up to $1,000 for eligible individuals who contribute to an IRA or an employer-sponsored retirement plan. The maximum credit is 50% of retirement contributions up to $2,000. This credit can reduce the amount of taxes owed, but the tax credit itself is non-refundable. The maximum credit is the lesser of either $1,000 or the tax that the individual would have owed without the credit. Eligibility is based on the taxpayer's adjusted gross income. The eligible income brackets are not indexed to inflation. Taxpayers under age 18 or who are full-time students are not eligible for the credit.
Contributing Partner: UNT Libraries Government Documents Department
Reform of U.S. International Taxation: Alternatives

Reform of U.S. International Taxation: Alternatives

Date: December 17, 2010
Creator: Gravelle, Jane G.
Description: This report describes and assesses the principal prescriptions that have been offered for broad reform of the current U.S. system for taxing international businesses. The report begins with an overview of current law and of possible revisions. It then sets the framework for considering economic efficiency as well as tax shelter activities. Finally, it reviews alternative approaches to revision in light of those issues.
Contributing Partner: UNT Libraries Government Documents Department
The Potential Federal Tax Implications of United States v. Windsor (Striking Section 3 of the Defense of Marriage Act (DOMA)): Selected Issues

The Potential Federal Tax Implications of United States v. Windsor (Striking Section 3 of the Defense of Marriage Act (DOMA)): Selected Issues

Date: July 18, 2013
Creator: Crandall-Hollick, Margot L.; Sherlock, Molly F. & Pettit, Carol A.
Description: This report will provide an overview of the potential federal tax implications for same-sex married couples of the U.S. Supreme Court (SCOTUS) ruling in United States v. Windsor, with a focus on the federal income tax. Estate tax issues are also discussed. Importantly, this report focuses on changes in the interpretation and administration of federal tax law that may result from the SCOTUS decision.
Contributing Partner: UNT Libraries Government Documents Department
The Federal Tax Treatment of Married Same- Sex Couples

The Federal Tax Treatment of Married Same- Sex Couples

Date: July 30, 2015
Creator: Crandall-Hollick, Margot L.; Pettit, Carol A. & Sherlock, Molly F.
Description: This report provides an overview of the federal tax treatment of same-sex married couples, with a focus on the federal income tax.
Contributing Partner: UNT Libraries Government Documents Department
PILT (Payments in Lieu of Taxes): Somewhat Simplified

PILT (Payments in Lieu of Taxes): Somewhat Simplified

Date: July 27, 2015
Creator: Corn, M. Lynne
Description: This report explains Payments in Lieu of Taxes (PILT), with an analysis of the five major factors affecting the calculation of a payment to a given county. It also describes the effects of recent legislative changes to PILT.
Contributing Partner: UNT Libraries Government Documents Department
The Foreign Tax Credit's Interest Allocation Rules

The Foreign Tax Credit's Interest Allocation Rules

Date: January 28, 2009
Creator: Gravelle, Jane G. & Marples, Donald J.
Description: This report discusses the "worldwide" allocation of interest rule, which was a provision of the American Jobs Creation Act of 2004 (P.L. 108-357; the Jobs Act). The provision relates to the taxation of multi-national corporations and allows more generous rules for multinationals to use in allocating interest expense for purposes of the U.S. foreign tax credit.
Contributing Partner: UNT Libraries Government Documents Department
Corporate Tax Reform: Issues for Congress

Corporate Tax Reform: Issues for Congress

Date: October 31, 2007
Creator: Gravelle, Jane G. & Hungerford, Thomas L.
Description: This report provides an overview of corporate tax issues and discusses potential reforms in the context of these issues, with particular attention to some of the recent research concerning large behavioral responses and their implications for revenue and distribution.
Contributing Partner: UNT Libraries Government Documents Department
Internet Transactions and the Sales Tax

Internet Transactions and the Sales Tax

Date: December 12, 2000
Creator: Maguire, Steven
Description: This report is an introduction to the economics of electronic commerce and its potential impact on sales and use tax collections. Presently, 45 states (and the District of Columbia) require that retail outlets add a fixed percentage to the sales price of all taxable items (inclusive of federally imposed excise taxes).
Contributing Partner: UNT Libraries Government Documents Department
The Foreign Tax Credit's Interest Allocation Rules

The Foreign Tax Credit's Interest Allocation Rules

Date: August 20, 2008
Creator: Gravelle, Jane G. & Marples, Donald J.
Description: This report discusses the foreign tax credit's interest allocation rules, which alleviate the double-taxation that would result if U.S. investors' overseas income were to be taxed by both the United States and a foreign country.
Contributing Partner: UNT Libraries Government Documents Department
Gasoline Excise Tax - Historical Revenues: Fact Sheet

Gasoline Excise Tax - Historical Revenues: Fact Sheet

Date: November 18, 2004
Creator: Talley, Louis A. & Jackson, Pamela J.
Description: This report provides a table concerning the collection of gasoline excise taxes from FY1933-FY2002.
Contributing Partner: UNT Libraries Government Documents Department
Flat-Rate Tax Proposals

Flat-Rate Tax Proposals

Date: June 21, 1982
Creator: Esenwein, Gregg A.
Description: In recent months there has been a growing congressional interest in the advantages and disadvantages of revamping our current tax system for a flat-rate tax method. Supporters of the new proposal argue that such a plan would promote productivity, simplify present IRS tax forms, save the public billions of dollars that presently go to tax-preparation professionals, and enhance Federal revenue by closing numerous tax loopholes and special deductions that are now enjoyed by relatively few. Opponents believe, however, that the tax burden under a flat-rate plan might fall more heavily upon the middle class and, unless exceptions were made, would hurt educational institutions and charities. Problems with popular tax deductions, such as home mortgage interest, would have to be addressed. This packet provides background materials which discuss the practical and theoretical issues that surround a flat-rate tax, including the probable redistribution of the tax burden under various rates and income bases.
Contributing Partner: UNT Libraries Government Documents Department
The Effect of Base-Broadening Measures on Labor Supply and Investment: Considerations for Tax Reform

The Effect of Base-Broadening Measures on Labor Supply and Investment: Considerations for Tax Reform

Date: October 22, 2015
Creator: Gravelle, Jane G. & Marples, Donald J.
Description: This report attempts to show how options to broaden the tax base by placing limitations on itemized deductions can potentially work against the expansionary effects of reducing marginal tax rates. The report also addresses other common base-broadening provisions that increase the effective marginal tax rate on the return to capital.
Contributing Partner: UNT Libraries Government Documents Department
Individual Retirement Accounts: A Fact Sheet

Individual Retirement Accounts: A Fact Sheet

Date: February 22, 2001
Creator: Graney, Paul J.
Description: This report discusses general information about individual retirement accounts (IRAs), established by the Employee Retirement Income Security Act of 1974 (P.L. 93-406) to promote retirement saving; the accounts were limited at first to workers (and spouses) who lacked employer pension coverage.
Contributing Partner: UNT Libraries Government Documents Department
The Economic Effects of Capital Gains Taxation

The Economic Effects of Capital Gains Taxation

Date: March 4, 2009
Creator: Hungerford, Thomas L.
Description: This report discusses tax policy in relation to capital gains. Proposals dealing with the taxation of capital gains have ranged from the outright elimination of capital gains taxation to the reduction of capital gains tax rates for certain classes of taxpayers to the elimination of the preferential tax treatment.
Contributing Partner: UNT Libraries Government Documents Department
Individual Retirement Accounts and 401(k) Plans: Early Withdrawals and Required Distributions

Individual Retirement Accounts and 401(k) Plans: Early Withdrawals and Required Distributions

Date: October 27, 2008
Creator: Purcell, Patrick
Description: This report summarizes the provisions of law that govern the taxes applicable to pre-retirement distributions from retirement accounts, and the situations in which distributions must be taken from a plan in order to avoid a tax penalty.
Contributing Partner: UNT Libraries Government Documents Department
The Retirement Savings Tax Credit: A Fact Sheet

The Retirement Savings Tax Credit: A Fact Sheet

Date: April 1, 2004
Creator: Purcell, Patrick
Description: This report discusses the saver's tax credit, under which eligible individuals receive a non-refundable tax credit of up to $1,000 for contributing to a traditional IRA or an employer-sponsored retirement plan that is qualified under §401, §403 or §457 of the Internal Revenue Code. The credit was first available in 2002 but will expire after 2006 unless extended by Congress.
Contributing Partner: UNT Libraries Government Documents Department
Tax Benefits for Health Insurance: Current Legislation

Tax Benefits for Health Insurance: Current Legislation

Date: February 6, 2006
Creator: Lyke, Bob
Description: This report discusses a variety of potential proposals to change the tax benefits for health insurance and medical expenses, including measures that would expand the availability and attractiveness of health savings accounts (HSAs), or employer tax credits.
Contributing Partner: UNT Libraries Government Documents Department