Taxes provide the revenue that finances government programs at all levels, with income and payroll taxes the largest federal revenue sources. Under the graduated tax system in the United States, those with larger incomes generally are taxed at higher rates than those with lower, but special tax breaks and loopholes can create complexity and inequity.
A group of young men look at a Lamborghini sports car stopped in a waterfront park in Vancouver, British Columbia July 30, 2013 (REUTERS/Andy Clark).
New research shows raising the top income tax rate won’t reduce inequality
October 1, 2015, Alison Burke
If there’s one thing that virtually all economists, political pundits and members of the American workforce can agree on, it’s that the recent trends in economic mobility in the U.S. are a problem. What they don’t agree on, however, is a solution.
U.S. Economic Performance
The Federal Budget
September 28, 2015, William G. Gale, Melissa S. Kearney and Peter R. Orszag
Opinion | The Wall Street Journal
September 24, 2015, David Wessel
September 16, 2015, Vanessa Williamson
September 15, 2015, David Wessel
September 9, 2015, William G. Gale
August 14, 2015, Barry Rabe
Opinion | The Financial Times
August 2, 2015, Robert C. Pozen
July 29, 2015, Natalie Holmes and Alan Berube
Blog Post | Wall Street Journal
July 26, 2015, Robert C. Pozen and Joshua D. Rauh
Opinion | Wall Street Journal
July 24, 2015, David Wessel
View All Research on Taxes ›Show 10 More
You have not selected any newsletters.
The Center is made up of nationally recognized experts in tax, budget and social policy who have served at the highest levels of government. TPC provides timely, accessible analysis and facts about tax policy to policymakers, journalists, citizens and researchers.
Go to the Center's website »
William G. Gale
Co-Director, Urban-Brookings Tax Policy Center
Director, Retirement Security Project
Co-Director, Center on Children and Families, Budgeting for National Priorities
Senior Fellow, Economic Studies
Isabel V. Sawhill
The Brookings Institution is a nonprofit organization devoted to independent research and policy solutions. Its mission is to conduct high-quality, independent research and, based on that research, to provide innovative, practical recommendations for policymakers and the public. The conclusions and recommendations of any Brookings publication are solely those of its author(s), and do not reflect the views of the Institution, its management, or its other scholars.
1775 Massachusetts Ave, NW,
Washington, DC 20036
© 2015 The Brookings Institution