State and Local Government Revenue During the COVID-19 Pandemic

2.12.21. Noah Williams. While the early months of the COVID-19 pandemic put stress on the budgets of state and local governments around the country, their tax revenues have since rebounded. In addition, the federal government has already allocated substantial aid to these governments, which has more than offset the losses they have suffered.

Does it Pay to Tax the Rich?

1.6.20. Zhigang Ge. The recent tax policy debate has largely focused on increasing taxes on top earners. Many policies have been proposed with the clear goal of raising tax revenues, such as increasing top income tax rates or imposing wealth taxes.

Marginal Tax Rates and Individual Income Tax Reforms in Wisconsin

5.10.19. Junjie Guo and Noah Williams. Wisconsin has a progressive individual state income tax system, which features increasing marginal tax rates (the tax rate on the last dollar earned) as income rises. However other aspects of the tax code, such as the earned income tax credit (EITC) and standard deduction, change the effective marginal tax rate that taxpayers face.