Taxes
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Report
The Budget and Economic Outlook: 2018 to 2028
April 9, 2018In CBO’s projections, the economy grows relatively quickly this year and next and then more slowly in the following several years. The federal budget deficit rises substantially, boosting federal debt to nearly 100 percent of GDP by 2028.
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Report
The Distribution of Household Income, 2014
March 19, 2018In 2014, average household income before accounting for means-tested transfers and federal taxes was $19,000 for the lowest quintile and $281,000 for the highest quintile. After transfers and taxes, those averages were $31,000 and $207,000.
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Cost Estimate
Estimated Deficits and Debt Under the Conference Agreement of H.R. 1
January 2, 2018As filed by the Conferees to H.R. 1 on December 15, 2017.
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Report
Distributional Effects of Changes in Taxes and Spending Under the Conference Agreement for H.R. 1
December 21, 2017CBO and the staff of the Joint Committee on Taxation provide information about the distributional effects of the conference agreement for H.R. 1.
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Cost Estimate
Cost Estimate for the Conference Agreement on H.R. 1
December 15, 2017Letter to the Honorable Kevin Brady, Chair of the Conference Committee on H.R. 1, with the estimated budgetary effects of the conference agreement as posted on the website of the House Committee on Rules on December 15, 2017.
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Report
An Analysis of Corporate Inversions
September 18, 2017How much do companies benefit from corporate inversions? In this report, CBO analyzes the reasons for and effects of inversions. CBO also projects how inversions and certain other strategies will affect future U.S. corporate tax revenues.
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Report
An Analysis of the President’s 2018 Budget
July 13, 2017Under the President’s proposals, budget deficits from 2018 through 2027 would total nearly one-third less than those in CBO’s baseline projections, ranging between 2.6 percent and 3.3 percent of GDP, down from 3.6 percent in 2017.
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Report
An Update to the Budget and Economic Outlook: 2017 to 2027
June 29, 2017Under current law, deficits in CBO’s baseline projections continue to climb over the next decade, driving up federal debt. Economic growth remains modest, at about 2.0 percent through 2018 and then 1.9 percent later in the period.
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Report
International Comparisons of Corporate Income Tax Rates
March 8, 2017CBO examines corporate tax rates—the statutory rates, as well as average and effective marginal rates—and the factors that affect them for the United States and other G20 member countries in 2012.
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Report
CBO’s Revenue Forecasting Record
November 10, 2015CBO’s revenue projections since 1982 have, on average, been a bit too high—more so for projections spanning six years than for those spanning two—but their overall accuracy has been similar to that of the projections of other agencies.
