Taxes Archives - Retirement Income Journal

Recurring Idea: Give the ‘Tax Expenditure’ to the Poor

By Kerry Pechter Wed, Jul 31, 2024

The Penn Wharton Budget Model, a group that assesses new spending programs, calculates that, if the US Treasury eliminated the tax deduction for contributions to retirement plans, it could...

Published August 2024

How inflation impacts 2022 tax provisions: Wolters Kluwer

By Editorial Staff Thu, Nov 25, 2021

Taxpayers with the same income in 2022 as in 2021 will tend to experience a lower tax rate in 2022 than in 2021 due to automatic inflation adjustments, according...

Published November 25, 2021

Tax hike looms for top earners

By Editorial Staff Thu, Sep 16, 2021

The House Ways & Means Committee's budget reconciliation recommendations include, among other measures, increases in income taxes on individuals earning over $400,000.

Published September 16, 2021

A Surprise from IRS about Inherited IRA Distributions

By Wagner Law Group Wed, Apr 21, 2021

IRS Pub 590-B presents a conundrum. It appears to deprive owners of inherited IRAs (already deprived by SECURE Act of the 'stretch IRA') to take distributors annually, rather than...

Published April 22, 2021

Raising Revenue–and Consciousness

By Kerry Pechter Thu, Apr 8, 2021

With his Made in America Tax Plan, announced Wednesday, President Biden would raise corporate tax rates and try to stop transfer pricing worldwide. He wants to raise revenue and...

Published April 8, 2021

Research Roundup

By Kerry Pechter Thu, Mar 25, 2021

Here's new research on tax avoidance among the very rich, the logic that millionaires use when buying equities, considerations for plan sponsors when estimating income from 401(k) balances, and...

Published March 25, 2021

Will Biden tinker with tax deferral?

By Editorial Staff Thu, Feb 4, 2021

'Biden will equalize benefits across the income scale, so working families also receive substantial tax benefits' when they save, a former official told the Financial Services Institute.

Published February 4, 2021

Does the Pandemic Limit Biden’s Fiscal Options?

By Eugene Steuerle and Erald Kolasi Thu, Jan 28, 2021

Our guest columnists, from the Urban Institute, examine the impact of the pandemic on the Congressional Budget Office's projections for the state of US government finances in 2030. ...

Published January 28, 2021

A List of Joe Biden’s Tax-related Campaign Proposals: Crowe

By Editorial Staff Wed, Dec 2, 2020

'Even if major tax legislation is unlikely, the executive branch has regulatory tools at its disposal to impact tax policies,' said Gary Fox, managing partner of tax services at Crowe....

Published December 3, 2020

What Trump’s Tax Returns Reveal

By Eugene Steuerle Wed, Oct 28, 2020

Everyone loves a tax cut, and low interest rates appear to boost the economy, but they don't necessarily represent the tide that lifts all boats. Our guest columnist suggests...

Published October 29, 2020

‘A Payroll Tax Holiday Will Put the U.S. Back to Work’

By Scott Minerd Thu, Aug 6, 2020

A temporary payroll tax holiday could be offset by raising the retirement age for those who choose to participate. The full retirement age for Social Security, now 67, could...

Published August 6, 2020

What the Debate over ‘Wealth Taxes’ Misses

By Eugene Steuerle Fri, Jan 17, 2020

Why not create greater parity between households with IRAs and more wealthy households who accrue untaxed capital income outside of retirement accounts? asks our guest columnist, an economist.

Published January 16, 2020

Unsure how much to commit to Roth or traditional accounts? This rule might help.

By Editorial Staff Thu, Feb 14, 2019

'Higher-income investors have greater exposures to tax-schedule uncertainty, which can be managed using post-tax Roth options,' says a new paper from the Journal of Financial Economics.

Published February 14, 2019

A Tax Break That Could Raise Retiree Income and Reduce the Deficit

By Jerry Golden Thu, Nov 8, 2018

Our guest columnist, who has spent decades in the annuity industry as an executive, entrepreneur and advisor, suggests a new win-win tax break for annuitized income.

Published November 8, 2018

New tax law reveals imbalance in homeownership benefits

By Eugene Steuerle Thu, May 17, 2018

'The TCJA has left the nation with an upside-down tax incentive for homeownership that applies to only about one-tenth of all households—nearly all of them with high incomes,' writes our guest columnist.

Published May 17, 2018

Total revenue for public life insurers rises in 2017

By Editorial Staff Thu, Apr 19, 2018

The industry garnered a year-over-year $9.5 billion tax benefit in 2017 due to the impact of tax reform. Nearly three-quarters of that went to Prudential, MetLife and Aflac.

Published April 19, 2018

How Demand-Siders See the New Tax Law

By Laura Tyson and Larry Mendonca Thu, Jan 11, 2018

'The [new tax law] will likely stimulate investment and encourage domestic and foreign companies to do business in the United States,' write Tyson (above) and Mendonca. 'But the increase...

Published January 11, 2018

Trump Tax Plan Revealed

By Editorial Staff Wed, Sep 27, 2017

'The framework retains tax benefits that encourage work, higher education and retirement security,' said the report issued by the White House Wednesday. It was entitled, Unified Framework for Fixing...

Published September 28, 2017

How to decumulate without getting fleeced by the tax man

By Editorial Staff Fri, May 5, 2017

Investors are often advised to exhaust one retirement account at a time, starting with tax-deferred accounts and moving to tax-exempt accounts. That's not a good strategy, according to decumulation...

Published May 5, 2017

Retirement trade groups gird to protect ‘tax deferral’

By Editorial Staff Thu, Apr 6, 2017

The 'SOS Coalition' encompasses the $25.3 trillion retirement industry, which plans to defend the $100 billion-a-year tax expenditure on long-term savings if and when Congress attempts to overhaul the...

Published April 6, 2017

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