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.
MBPHOTO, INC./iStock- A calculator sitting on a payroll ledger and a federal withholding tax table.
Reducing tax rates by reducing tax bias
June 23, 2015, Robert C. Pozen
In Real Clear Markets, Robert Pozen argues that if Congress limited interest deductions by corporations, this action alone would be able to finance a significant reduction in the corporate tax rate.
U.S. Economic Performance
The Federal Budget
Opinion | Wall Street Journal
June 18, 2015, David Wessel
June 11, 2015, Edward Rodrigue and Richard V. Reeves
May 26, 2015, Elaine Kamarck
Blog Post | Newsweek
May 18, 2015, Alex Gold and Ted Gayer
May 15, 2015, John Hudak and Grace Wallack
April 30, 2015, Victoria Cunningham and Jacques Morisset
Opinion | Real Clear Markets
April 21, 2015, Edward Rodrigue and Isabel V. Sawhill
April 17, 2015, Isabel V. Sawhill and Emily Cuddy
Blog Post | The Hamilton Project
April 15, 2015, Melissa S. Kearney
April 14, 2015, Richard M. Skinner
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 private nonprofit organization devoted to independent research and innovative policy solutions. For nearly 100 years, Brookings has analyzed current and emerging issues and produced new ideas that matter—for the nation and the world.
1775 Massachusetts Ave, NW,
Washington, DC 20036
© 2015 The Brookings Institution