Karen Smith

Dec 21, 2023 | taxpolicycenter.org | Robert McClelland |Karen Smith |Livia Mucciolo |Safia Sayed

Policymakers have suggested a number of proposals to impose surtaxes on high-income taxpayers. Several of the proposals have focused on increasing taxes on long-term capital gains on those with an income above some threshold. However, many taxpayers can avoid a surtax by timing the realizations of their capital gains to keep their incomes below the threshold. In this brief we investigate how taxpayers respond if their income is consistently too high to avoid the surtax by using that tactic.

Dec 21, 2023 | taxpolicycenter.org | Robert McClelland |Karen Smith |Livia Mucciolo |Safia Sayed

Policymakers have suggested a number of proposals to impose surtaxes on high-income taxpayers. Several of the proposals have focused on increasing taxes on long-term capital gains on those with an income above some threshold. However, many taxpayers only occasionally have incomes above the threshold. Others only exceed the threshold because of their capital gains realizations.

Dec 14, 2023 | advisorpedia.com | Eugene Steuerle |Karen Smith

Written by: Eugene Steuerle and Karen E. Smith The Congressional Budget Office and government actuaries for decades have shown that Social Security and Medicare remain on unsustainable tracks, but it is often hard to visualize how $100 billion here or $1 trillion there translates in a country with national income of more than $25 trillion. A new report on lifetime Social Security and Medicare benefits and taxes provides a different and useful vantage point.

Nov 13, 2023 | taxpolicycenter.org | C. Eugene Steuerle |Karen Smith

The Congressional Budget Office and government actuaries for decades have shown that Social Security and Medicare remain on unsustainable tracks, but it is often hard to visualize how $100 billion here or $1 trillion there translates in a country with national income of more than $25 trillion. A new report on lifetime Social Security and Medicare benefits and taxes provides a different and useful vantage point.

Oct 30, 2023 | taxpolicycenter.org | C. Eugene Steuerle |Karen Smith |Robert McClelland |Livia Mucciolo