Tax Credits
- Presentation
Presentation on the Distribution of Federal Spending and Taxes in 2006
Presentation by Molly Dahl and Kevin Perese, CBO Analysts, at the Urban Institute
- Report
The Distribution of Federal Spending and Taxes in 2006
CBO analyzes the distribution of most federal spending—including transfers such as Social Security benefits—and almost all federal revenues among U.S. households in 2006. Results are provided by type of household and by income group.
- Report
Testimony on Means-Tested Programs and Tax Credits for Low-Income Households
Spending on means-tested programs and tax credits for low-income households has grown in the past 40 years because of increases in the number of program participants and growth in spending per participant.
- Report
Growth in Means-Tested Programs and Tax Credits for Low-Income Households
During the past 40 years, federal spending for major means-tested programs and tax credits for low-income households more than tripled as a share of gross domestic product. In 2012, such spending totaled $588 billion.
- Report
Refundable Tax Credits
The number and cost of refundable tax credits have grown considerably since 1975. Federal costs (in 2013 dollars) peaked at $238 billion in 2008, but costs will fall to $149 billion in 2013 before reaching $213 billion in 2021.
- Presentation
Offsetting Costs of a Carbon Tax on Low-Income Households
Senior Advisor Terry M. Dinan's presentation at the Conference on the Economics of Carbon Taxes
- Blog Post
CBO Releases a Report on Effective Marginal Tax Rates for Low- and Moderate-Income Workers
This afternoon CBO released a new report on Effective Marginal Tax Rates for Low- and Moderate-Income Workers.
- Report
Effective Marginal Tax Rates for Low- and Moderate-Income Workers
Effective marginal tax rates among low- and moderate-income workers are about 30 percent, on average, with about one-third of that rate stemming from the federal income tax, more than a third from federal payroll taxes, and the remainder from state income taxes and the phaseout of SNAP benefits.
- Data and Technical Information
Illustrative Examples of Effective Marginal Tax Rates Faced by Married and Single Taxpayers: Supplemental Material for Effective Marginal Tax Rates for Low- and Moderate-Income Workers
In this document, the Congressional Budget Office (CBO) illustrates effective marginal tax rates under the tax and transfer systems for hypothetical families consisting of a single parent with one child, a married taxpayer with two children, and a single taxpayer with no children.
- Working Paper
Offsetting a Carbon Tax’s Costs on Low-Income Households: Working Paper 2012-16
Offsetting a Carbon Tax’s Costs on Low-Income Households