Tag: tax

Tax return on a computer screen

The brief’s key findings are: Increased taxes and spending cuts will be needed to bring the federal budget under control. Relying heavily on tax increases would modestly raise the overall NRRI (the percent of households ‘at risk’ in retirement) from 51 to 54 percent. But the NRRI would jump sharply for high-income Early Boomers, who…

Hand holding coins in birds nest.

Abstract The value of the tax preference for pensions depends on the marginal tax schedule and on the tax treatment of income from assets held outside a pension account. We examine the change over time in the value of pension investing, accounting for changes in the tax schedule and in the treatment of equity and…