Kyle Pomerleau
AEI
Washington, DC, United States
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Past articles by Kyle:
Higher Inflation Means a Larger Adjustment to Most Income Tax Provisions
Every year, the IRS adjusts many provisions of the tax code to prevent inflation from pushing taxpayers into higher tax brackets and increasing tax rates even as real incomes stay constant. This year's higher inflation means that tax parameters will increase by much more this year than they have over the past decade. → Read More
Biden tax policy after 1 year
President Biden’s tax policy accomplishments over the last year may not be as impressive as his supporters had hoped. Negotiations on additional legislation continue, but it is likely that any tax legislation making it to the president’s desk will fall short of the plan he campaigned on. → Read More
The ‘billionaire tax’ and a wealth tax are not the same
Several commentators have conflated the proposal to tax billionaires on their unrealized capital gains with a wealth tax. A wealth tax and a mark-to-market income tax have similarities, but they are two different policies. → Read More
A Property Tax is a Wealth Tax, but…
Last week, Senator and presidential candidate Elizabeth Warren (D-MA) was quoted on Twitter as making a comparison between her proposed wealth tax and the traditional property tax. Addressing a crowd, she said: “You’ve been paying a wealth tax for years. They just call it a property tax. I just… Read More → Read More
Analysis of H.R. 1757: A Proposal to Raise the SALT Deduction Cap
Under previous law, individuals who itemized their deductions could deduct certain state and local taxes they paid against their federal taxable income. To broaden the tax base, the Tax Cuts and Jobs Act limited the amount individuals could deduct in state and local taxes to $10,000. For high-income taxpayers,… Read More → Read More
State and Local Tax Deduction
Bill Pascrell Jr. and Sen. Bob Menendez recently introduced a bill to repeal the $10,000 state and local tax deduction (SALT) cap. See our analysis of it. → Read More
How Much Revenue Would a 70% Top Tax Rate Raise? An Initial Analysis
We analyzed Ocasio-Cortez 70% tax proposal and modeled the conventional and dynamic revenue estimates of the 70% top income tax rate proposal → Read More
How Much Revenue Would a 70% Top Tax Rate Raise? An Initial Analysis
We analyzed Ocasio-Cortez 70% tax proposal and modeled the conventional and dynamic revenue estimates of the 70% top income tax rate proposal → Read More
How Much Revenue Would a 70% Top Tax Rate Raise? An Initial Analysis
Due to a narrow tax base and a decrease in capital gains realizations, Congresswoman Ocasio-Cortez's plan to tax income above $10 million would not raise as much revenue as intended. See our 10-year revenue estimates. Read More → Read More
Eliminating the SALT Deduction Cap Would Reduce Federal Revenue and Make the Tax Code Less Progressive
Eliminating the SALT deduction cap, as the 116th Congress recently proposed, would reduce federal revenue and make the U.S. tax code less progressive. → Read More
Responding to the NYT's Stock Buybacks Analysis
The increase in stock buybacks isn’t surprising nor a sign that the Tax Cuts and Jobs Act won’t increase domestic investment. → Read More
The Jobs Impact of the Tax Cuts and Jobs Act by State, 2018-2027
A look at the data & methodology behind the Tax Foundation's Mapping 2018 Tax Reform jobs map, which charts job growth by state over the next decade. → Read More
The Economics of 1986 Tax Reform, and Why It Didn’t Create Growth
In contrast, the Tax Cuts and Jobs Act lowered the corporate tax rate and allows immediate and full expensing for the next five years. → Read More
"The Right Way to Measure Tax Changes by Income Group"
Modeling tax changes to see how they impact the distribution of the tax burden, “percent change in after-tax income” is the most informative. Learn more. → Read More
How Much Would Steve Bannon’s New Tax on Millionaires Raise?
Some reports claim White House advisor Steve Bannon wants a 44% income tax rate on those earning more than $5 million. How would this tax affect the budget? → Read More
Comments on Today's Joint Statement on Tax Reform
Republican leaders unveiled their priorities for tax reform. The Tax Foundation's Kyle Pomerleau discusses what they mean for discussions moving forward. → Read More
How a Longer Budget Window Helps and Doesn’t
Some federal lawmakers want a longer budget window to keep temporary tax cuts in place longer. But permanent tax reform is still the best option for growth. → Read More
One Weird Trick to Reduce the Up-front Cost of Full Expensing
Full expensing is an important piece of tax reform, and policymakers have one option to help limit the up-front revenue costs. → Read More
A Border Adjustment Phase-in?
Phasing in the border adjustment isn’t perfect, but would still be a meaningful improvement to the way the U.S. taxes businesses. → Read More
What We Can Learn from the UK’s Corporate Tax Cuts
While it's true that the UK didn’t lose revenue after cutting its corporate tax rate, those rate cuts did not pay for themselves. Here's why. → Read More