Tax Analyses
The Camp Tax Plan Is a Regressive $1.7 Trillion Tax Cut
April 7, 2014 • By ITEP Staff
The Chairman of the House Ways and Means Committee, Dave Camp (R-Mich.), has a tax overhaul plan that would cut the top personal income tax rate down from about 40 percent to 35 percent and slash the corporate tax rate from 35 percent to 25 percent. Camp claims his plan would still break even revenue-wise […]
The Effects of Replacing Most Federal Taxes with a National Sales Tax
September 15, 2004 • By ITEP Staff
Recently, there has been renewed discussion of the possibility of replacing most federal taxes with a national retail sales tax. Such an idea was broached in the 1990s, but political interest waned when it was discovered that it would take a sales-tax rate well in excess of 50 percent to replace existing federal revenues. In […]
ITEP staff uses the ITEP Microsimulation model to produce quantitative analyses of current and proposed federal tax policies, creating distributional analyses (analyzing the effect on taxpayers according to their income group), producing revenue estimates (how much a tax policy would affect annual federal revenue collection), and even breaking down the impact of federal policies on each of the 50 states and the District of Columbia.
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