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November 15, 2024
…percent set in the Tax Reform Act of 1969. That super-low tax rate (especially compared to the standard 15 percent capital gains rate) has encouraged the tax-advantaged growth of private…
October 16, 2024
Despite improvements in material living standards, the erosion of social connections, civic engagement, and community ties has led to a decline in overall social wellbeing. New research reveals a complex…
September 25, 2024
…in standards, tastes, and preferences at the local level and that those who seek to build it must marshal good arguments to persuade local officials. That should mean opening the doors…
September 23, 2024
…strengthening the link between pay and performance; maintaining educational standards and accountability while narrowing gaps by race and class; expanding school choice; and recognizing the role that parents and families…
September 10, 2024
…use and zoning regulation would help people afford to move to opportunity. Productivity growth—the engine for raising living standards—has been stuck at too-low levels for too long. Shifting government spending…
August 28, 2024
…current $2,000 per child under the 2017 Tax Cut and Jobs Act (TCJA), offsetting the elimination of the personal exemption and changes to the standard deduction in the tax code….
July 24, 2024
As the American Worker Project analysis shows, real wages have increased over time. Real wages are nominal wages corrected for changes in the price level, and a natural approach to understanding the…
July 23, 2024
…itemized deduction for charitable contributions. At the same time, by nearly doubling the standard deduction, it sharply increased the percentage of tax-filing households choosing not to itemize deductions. This report…
June 18, 2024
…create new ones. Whether old or new, though, there are certain characteristics that good institutions share. First, they are personal. The past century has featured ambitious attempts to standardize American…
June 18, 2024
…people’s income relative to that of their parents in two ways. The first measures an individual’s and his parents’ standard of living. This kind of mobility is known as “absolute…