Building an Equitable Tax Code: A Primer for Advocates
Author: Heather McCulloch, Lewis Jr. Brown
Topic: Tax filing and benefits
Publisher: Policy Link
Location: United States
Format: Report
Content Type: Research
Publication Date: December 31, 2014
Millions of American families have few, if any, financial assets. The financial insecurity of households of color is even more severe: two out of three such households do not have enough savings to cover even a short-term disruption to their income. With more than half a trillion dollars in tax subsidies designed to encourage households to build wealth each year, it is important for advocates to understand what they are, how they work, and who benefits from them. This primer focuses on answering those questions and identifies ways that tax expenditures can be changed so that all households benefit.
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