Tax Blog

Tips to help you prepare for tax season

Senator Bennet’s Plan to Expand the EITC

Tax Policy - Senator Bennet’s Plan to Expand the EITC Democratic presidential candidate and Colorado Senator Michael Bennet wants to expand the maximum Earned Income Tax Credit (EITC) for childless workers from $529 to $3,000 in order to increase disposable income....

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OECD Tackling Harmful Tax Practices

Tax Policy - OECD Tackling Harmful Tax Practices Countries around the world often design their tax policies to become attractive targets for foreign investment. These policies can be anything from a system with special preferences for certain industries to a...

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Does Your State Have a Marriage Penalty?

Tax Policy - Does Your State Have a Marriage Penalty? Today’s map zeroes in on states that have a “marriage penalty” in their individual income tax brackets. Under a progressive, graduated-rate income tax system, tax rates increase as a taxpayer’s marginal income...

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No Good Options as Chicago Seeks Revenue

Tax Policy - No Good Options as Chicago Seeks Revenue Although the word is often applied to any difficult decision, a dilemma, properly speaking, arises when one is forced to choose exclusively from bad options. The two bad options are termed the “horns” of the...

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