Posts tagged ‘taxes’
by Athipat Muthitacharoen
Paperback, 38 pages, 2011, $20.00
The deductibility of charitable donations has been a feature of the U.S. individual income tax almost as long as the modern income tax has been in existence. Nevertheless, concerns about the cost, equity, and efficiency of the deduction have prompted many proposals to change the tax treatment of charitable contributions. This report examines patterns of individual charitable giving and analyzes how options for changing the tax treatment of such giving might affect the overall level of donations, the costs to the federal government, and the distribution of tax benefits by income group. Tables and figures. This is a print on demand edition of an important, hard-to-find publication.
New Government Report: Taxes and Identity Theft Status of IRS Initiatives to Help Victimized Taxpayers
by James R. White
Paperback, 17 pages, 2011, $20.00
Identity theft (IT) is a serious and growing problem in the U.S. Taxpayers are harmed when identity thieves file fraudulent tax documents using stolen names and Social Security numbers. In 2010, the IRS identified 245,000+ IT incidents that affected the tax system. The hundreds of thousands of taxpayers with tax problems caused by IT represent a small percentage of the 140 million individual returns filed, but for those affected, the problems can be quite serious. This report describes: (1) when IRS detects IT based refund and employ. fraud; (2) the steps IRS has taken to resolve, detect, and prevent innocent taxpayers’ IT related problems; and (3) constraints that hinder IRS’s ability to address these issues. Illus. This is a print on demand report.
by Gregory D. Kutz
Paperback, 26 pages, 2011, $20.00
According to the IRS, as of the end of FY 2010, the balance of reported unpaid federal taxes was about $330 billion. Given the many challenges that IRS faces, the enforcement of the tax laws and the tax code is on a list of high-risk areas. This report: (1) determined the magnitude of known unpaid federal taxes for individuals who were issued passports in FY 2008; and (2) identified examples of passport recipients who have known unpaid federal taxes. To identify examples for detailed audit and investigation, the report chose a non-representative selection of 25 passport recipients based on a number of factors, including the more egregious amount of federal taxes owed. Charts and tables. This is a print on demand report.
by Craig K. Elwell
Paperback, 18 pages, 2010, $15.00
“Contents: (1) Background: Severity of the 2008-2009 Recession; Policy Responses to the Financial Crisis and Recession: Monetary Policy Actions; Fiscal Policy Actions; (2) Is Sustained Economic Recovery Underway?; (3) The Shape of Economic Recovery: Demand Side Problems?: Consumption Spending; Investment Spending; Net Exports; Supply Side Problems?; Policy Responses to Increase the Pace of Economic Recovery: The Case for More Fiscal Stimulus; The Case Against More Fiscal Stimulus; The Case Against More Monetary Stimulus; Economic Projections. This is a print on demand edition of an important, hard-to-find publication.”
Tax Havens: International Tax Avoidance and Evasion
by Jane G. Gravelle
Paperback, 47 pages, 2010, $20.00
“The federal government loses around $100 billion per year, both in individual and corporate income tax revenue, from the shifting of profits and income into low-tax countries, or tax havens. International tax avoidance can arise from multi-national corporations who shift profits into low-tax foreign subsidiaries or wealthy individuals who set up secret bank accounts in tax haven countries.
Contents of this report: Introduction; Where are the Tax Havens?; Methods of Corporate Tax Avoidance; The Magnitude of Corporate Profit Shifting; Methods of Avoidance and Evasion by Individuals; Estimates of the Revenue Cost of Individual Tax Evasion; Alternative Policy Options to Address Corporate Profit Shifting; Options to Address Individual Evasion; Other Measures That Might Improve Compliance; Legislation Enacted.”
Climate Change: Design Approaches for a Greenhouse Gas Reduction Program
by Larry Parker
Paperback, 27 pages, 2008, $20.00
Facets of the cost issue that have raised concern regarding a greenhouse gas reduction program include absolute costs to the economy, distribution of costs across industries, competitive impact domestically and internationally, incentives for new technologies, and uncertainty about costs.
Contents of this report: (1) Intro: Price Versus Quantity Debate; (2) Five Dimensions of the Cost Issue; (3) Addressing Cost Concerns: Tonnage Options; Expand Supply Options; Carbon Tax: Economic-Based Circuit Breaker; Technology-Based Timetable: Banking and Borrowing; Auctioning Permits; Safety Valve; (4) Illustrative Approaches; (5) Resolving the Price-Quantity Issue; (6) Selected Options to Address Cost Uncertainty of Greenhouse Gas Reduction Programs. Charts and tables.
New Government Report: Taxing Caloric Sweetened Beverages: Potential Effects on Beverage Consumption, Calorie Intake, and Obesity (ISBN: 9781437935931)
Taxing Caloric Sweetened Beverages: Potential Effects on Beverage Consumption, Calorie Intake, and Obesity (ISBN: 9781437935931)
By Travis A. Smith, Biing-Hwan Lin, Jonq-Ying Lee
(Paperback, 33 pages, 2010, $25.00)
Despite budget deficits and calls by health advocates, soda taxes have failed to pass recently in New York, Philadelphia, Vermont, Mississippi, Kansas and Alaska, the New York Times reports.
The link between high U.S. obesity rates and the over-consumption of added sugars, largely from sodas and fruit drinks, has prompted calls for a tax on caloric sweetened beverages (CSB). Faced with a tax, consumers may reduce consumption of these CSB and substitute non-taxed beverages, such as bottled water, juice, and milk.
A tax-induced 20% price increase on CSB could cause an average reduction of 3.8 pounds of body weight over a year, for adults and an average of 4.5 pounds over a year, for children.
Given these reductions in calorie consumption, results show an estimated decline in adult overweight prevalence and obesity prevalence, as well as the child at-risk-for-overweight prevalence and the overweight prevalence. Charts and tables.