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- Report
If the Raise the Wage Act of 2021 was enacted in March 2021, the cumulative budget deficit over the 2021–2031 period would increase by $54 billion.
- Report
In 2017, average household income before accounting for means-tested transfers and federal taxes was $21,300 for the lowest quintile and $309,400 for the highest quintile. After transfers and taxes, those averages were $35,900 and $229,700.
- Presentation
Presentation by Bilal Habib, an analyst in CBO’s Tax Analysis Division, to the Bureau of Economic Analysis Advisory Committee.
- Report
CBO examines the tax benefit of having dependents under current law in 2019 and 2026 and analyzes how three policy options that would simplify dependent-related tax provisions would affect that benefit.
- Report
This report projects the distributions of household income, means-tested transfers, and federal taxes under current law in 2021 and compares them with the actual distributions in 2016.
- Report
In 2016, average household income before accounting for means-tested transfers and federal taxes was $21,000 for the lowest quintile and $291,000 for the highest quintile. After transfers and taxes, those averages were $35,000 and $214,000.
- Presentation
Presentation by Kerk Phillips, an analyst in CBO’s Macroeconomic Analysis Division, at the National Tax Association’s 49th annual Spring Symposium.
- Presentation
The life-cycle growth model is one model that CBO uses to estimate the long-term effects of changes in fiscal policy. For example, the model can analyze the effects of changes to the Social Security system.
- 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.