News
CNN: Money | Tax hike on the rich would impact just 3% of taxpayers
Americans earning $1 million or more were even more rare, comprising just 0.2% of total tax filers and accounting for a mere 236,883 of the 140 million tax returns received in 2009. The wealthiest taxpayers -- those earning $10 million or more in adjusted gross income -- are even less prevalent. There were only 8,274 people belonging to that elite club, according the IRS.
Econ Comments
Politico | Pat Toomey: No big tax hikes for super committee
Newly appointed super committee member Sen. Pat Toomey vowed on Thursday that major tax hikes “are not going to be part of this,” but said he is looking toward reforms of entitlement programs and the tax code.
Reports
CRS | Energy Tax Incentives: Measuring Value Across Different Types of Energy Resources
The majority of energy produced in the United States is derived from fossil fuels. In recent years, however, revenue losses associated with tax incentives that benefit renewables have exceeded revenue losses associated with tax incentives benefitting fossil fuels.
