Budget Matters Blog


The Tax Break for Hedge Fund Managers

The "carried interest rule" allows certain people, such as hedge fund managers, who earn money by investing other people’s money to pay a lower tax rate than many people who earn a living from wages.


Operation Secret Loopholes

As Congress tackles the 2014 budget, tax reform is happening in secret.


The Big Money in Tax Breaks: Top 3 Tax Breaks in 2013

If the U.S. Treasury estimated that something cost the government $1.13 trillion (that's $1,130,000,000,000) in 2013 alone, would you want to know about it?


Secret Tax Reform

The public won't know which lawmakers requested which reforms for 50 years.


Top Five “Fun” Facts About the IRS

When I pitched the idea for this blog to my co-workers, my research colleague Mattea quipped, “surrrrre, because when I think about the IRS, I think of fun.”That’s pretty much the sentiment of most Americans when it comes to paying taxes, which is a subject of a lot of jokes. ...


Why the Top Marginal Tax Rate Will Never Bother You

If you're anything like me, it's because you simply don't make enough money to be taxed at the top marginal rate. A “marginal rate” is the rate at which your last dollar of earned-income is taxed. These “marginal dollars” are the dollars at the very upper edge of your income. ...

The Bush Tax Cuts: 10 Years Later, Still Expensive And Ineffective

That's the conclusion of a new analysis by the Economic Policy Institute (EPI), in a report released last week: "Tenth Anniversary of the Bush-Era Tax Cuts: A decade later, the Bush tax cuts remain expensive, ineffective, and unfair."According to EPI's website, their mission "is to achieve shared prosperity by raising ...