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- Presentation
On November 17, 2018, Kevin Perese, a senior adviser in CBO's Tax Analysis Division, and Patrick Landers, formerly of CBO, presented at the National Tax Association’s 111th Annual Conference on Taxation.
- Report
In 2015, average household income before accounting for means-tested transfers and federal taxes was $20,000 for the lowest quintile and $292,000 for the highest quintile. After transfers and taxes, those averages were $33,000 and $215,000.
- Working Paper
CBO’s analysis of the distribution of household income relies on data from the Census Bureau’s Current Population Survey (CPS). This paper describes how CBO adjusts for the underreporting of government transfers by CPS respondents.
- Interactive
This workbook allows users to enter an alternative scenario for productivity growth, labor force growth, inflation, or interest rates and see estimates of revenues, several types of spending, and deficits under those scenarios.
- Report
CBO has developed “rules of thumb” that show how changes in four key economic variables might affect revenues, outlays, and deficits. An interactive workbook allows users to see the budgetary effects of their own alternative scenarios.
- Report
In 2016, students pursuing higher education received about $91 billion in financial support from federal spending programs and tax expenditures. This report examines the distribution of that assistance among households, by income group.
- Presentation
These slides provide an overview of CBO’s microsimulation tax model.
- Blog Post
This blog post explains how CBO assesses the macroeconomic effects of changes in federal spending for research and development. It also highlights areas in which additional research would enhance CBO’s capacity to evaluate such spending.
- Working Paper
This paper examines how a 20 percent depreciation of foreign currencies with respect to the U.S. dollar affects the wealth of U.S. residents and evaluates how that effect would be distributed across U.S. households by income group.
- Report
The Senate Budget Committee convened a hearing at which Director Keith Hall testified about The Budget and Economic Outlook: 2018 to 2028. This document provides CBO’s answers to questions submitted for the record.