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Seth Hanlon Archives

Accelerated Depreciation

Seth Hanlon explains the $24.5 billion tax break that lets businesses deduct the wear and tear on assets like buildings and equipment faster than they actually wear out.

By Seth Hanlon | Wednesday, March 23, 2011

Cut Spending in the Tax Code

book_alt2 icon Report Seth Hanlon and Michael Ettlinger explain why reducing spending in the tax code should be discussed in Congress's budget debates.

By Seth Hanlon and Michael Ettlinger | Monday, March 21, 2011

Offshore Tax Deferral

Seth Hanlon breaks down the $42 billion tax break that lets U.S. companies put off taxes on profits earned abroad.

By Seth Hanlon | Wednesday, March 16, 2011

Tax Expenditure of the Week: Tax-Exempt Bonds

Jordan Eizenga and Seth Hanlon explain the $37 billion federal tax break designed to help state and local governments, but which also generates a windfall to wealthy investors.

By Jordan Eizenga and Seth Hanlon | Wednesday, March 2, 2011

Tax Expenditure of the Week: Capital Gains

Seth Hanlon breaks down the $38 billion tax break that overwhelmingly benefits American millionaires.

By Seth Hanlon | Wednesday, February 23, 2011

Tax Expenditure of the Week: Step-Up in Basis

Seth Hanlon explains how the rule that allows gains on assets passed down to heirs to go untaxed costs $61.5 billion a year, making it one of the country’s largest “tax expenditures.”

By Seth Hanlon | Wednesday, February 16, 2011

Cutting Tax Expenditures

The president’s budget contains many provisions that cut wasteful spending through the tax code, writes Seth Hanlon.

By Seth Hanlon | Tuesday, February 15, 2011

Tax Expenditure of the Week: Deductions for Charity

Seth Hanlon explains how the IRS rule allowing people to deduct charitable contributions is effectively a $53.7 billion spending program and the country’s sixth-largest “tax expenditure.”

By Seth Hanlon | Wednesday, February 9, 2011

Tax Expenditure of the Week: State and Local Tax Deduction

Seth Hanlon explains how the IRS rule allowing you to exempt state and local taxes from federal taxes costs the federal Treasury $70 billion a year, making it the fourth-largest “tax expenditure.”

By Seth Hanlon | Wednesday, February 2, 2011

The Mortgage Interest Deduction

Seth Hanlon explains how the third-biggest tax break in the Internal Revenue Code is also the nation’s largest housing program.

By Seth Hanlon | Wednesday, January 26, 2011

Tax-Deferred Retirement Savings

Seth Hanlon continues CAP’s new weekly series on the country’s biggest tax breaks by looking at the $142 billion expenditure for retirement savings.

By Seth Hanlon | Wednesday, January 19, 2011

New Weekly Series Explains Government’s Biggest Tax Breaks

Seth Hanlon explains in plain English how multibillion dollar “tax expenditures” work, their pros and cons, and their effect on the federal budget.

By Seth Hanlon | Wednesday, January 12, 2011

Tax-Free Health Insurance

Seth Hanlon launches a new weekly series by looking at the biggest tax break in the Internal Revenue Code: the tax exemption for employer-sponsored health insurance.

By Seth Hanlon | Wednesday, January 12, 2011

Tax Breaks Need Scrutiny

An important provision calling for ongoing review of special tax breaks is missing from the Senate tax compromise, notes Seth Hanlon. It should be included.

By Seth Hanlon | Friday, December 10, 2010

Another Tax Cut for the Top 2 Percent?

Congress should prevent a potential windfall to wealthy bond investors by extending Build America Bonds, write Seth Hanlon and Jordan Eizenga.

By Seth Hanlon and Jordan Eizenga | Tuesday, December 7, 2010