Taxes
- Blog Post
The Taxation of Social Security Benefits
Up to 85 percent of a Social Security recipient’s benefits are subject to the individual income tax. CBO estimates that income taxes on Social Security benefits totaled $51 billion in 2014.
- Blog Post
Snapshot of Business Receipts
Businesses have become increasingly likely to choose the organizational structure that offers more favorable tax treatment. As a result, revenues are lower than they would otherwise be, but incentives for investment are probably greater.
- Blog Post
Presentations About the Budget Outlook
Last week Director Doug Elmendorf spoke at Macroeconomic Advisers’ Washington Policy Seminar and at Cornell University.
- Blog Post
CBO Expects Economic Growth to Pick Up in the Next Few Years
CBO anticipates that the economy will grow slowly this year and then at a faster but still moderate pace over the next few years, driven largely by stronger growth in business investment, consumer spending, and residential investment.
- Blog Post
Remarks on CBO’s Updated Budget and Economic Projections
Director Doug Elmendorf spoke to the press about CBO's latest budget and economic projections. His remarks and slides are included in this blog post.
- Blog Post
Revisions to CBO's Projections of Federal Health Care Spending
After the release of The 2014 Long-Term Budget Outlook, a number of people asked for more information about how much CBO has revised projected federal health care spending during the past several years. This post answers their questions.
- Blog Post
What Are Some Key Policy Choices Posed by the Prospect of Rising Federal Debt?
The size of the policy changes that would be needed to reduce or constrain the growth of federal debt depends on the chosen goal for the amount of debt, and the timing of such changes involves various trade-offs.
- Blog Post
Growing Deficits Over the Long Term Would Cause Federal Debt to Exceed 100 Percent of GDP by 2039
How large would federal debt be in 25 years if current laws remained generally unchanged, and what would be the consequences of large and growing federal debt?
- Blog Post
CBO’s Long-Term Budget Projections Show a Substantial Imbalance in the Federal Budget
Over the next 25 years, revenues are projected to fall well short of spending if current laws stay generally the same. Why is that the case?