Policymakers should retain estate and inheritance taxes as important components of our tax structure.
Federal and state estate and inheritance taxes should affect only the largest transfers.
When considering bond financing, state and local policymakers should:
Public assets should not be sold to raise revenue if the sale would sacrifice resources that serve important national and regional purposes.
The Internal Revenue Service (IRS) and the states should increase support for taxpayer assistance programs such as the Tax Counseling for the Elderly and the Vo
The IRS and state revenue departments should increase their efforts to make tax forms—including electronic forms, publications, and correspondence—more accessible and unders
The government should simplify the recovery of money withheld each year and reduce the need for older individuals who do not owe income tax to file tax returns.
The IRS should continue encouraging taxpayers to file electronically but maintain the option of paper filing without penalty.
Enforcement measures should be applied equitably across income classes and types of taxpayers.
Policymakers should not increase the taxation of Social Security benefits. People with low and moderate incomes should be exempt from paying tax on their benefits.