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- Report
In 2011, households in the top, middle, and bottom quintiles received 52, 14, and 5 percent of the nation's before-tax income, respectively; the shares of federal taxes paid by those households were 69, 9, and 1 percent.
- Report
CBO examined the implications of various approaches to altering the Social Security payroll tax rates as well as the taxable maximum (the maximum amount of earnings on which those payroll taxes are imposed).
- Presentation
Presentation by Molly Dahl and Kevin Perese, CBO Analysts, at the NTA Spring Symposium
- Presentation
Presentation by Doug Elmendorf, CBO Director, to the Economic Club of Minnesota
- Blog Post
During his presentation, Director Doug Elmendorf emphasized that federal debt remains on an unsustainable path, and the composition of federal spending is changing dramatically from what it has been in the past.
- Report
Raising the minimum wage would increase family income for many low-wage workers, moving some of them out of poverty. But some jobs for low-wage workers would probably be eliminated and the income of those workers would fall substantially.