Taxes

2024 State Gas Tax Rates | 2024 Gas Taxes by State Skip to content Table of Contents Gas taxes affect the lives and finances of most Americans. Today’s map illustrates gas taxA gas tax is commonly used to describe the variety of taxes levied on gasoline at both the federal and state levels, to provide

IRS Tax Compliance Costs the US Economy $546B Annually Skip to content Table of Contents The federal taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. code imposes many costs on the US economy.

Tim Walz Tax Policies: Details & Analysis Skip to content Home • Blog • Gov. Tim Walz Raised Taxes as Most Governors Cut Them Most states have cut taxes at least once since 2021, with a renewed emphasis on taxA tax is a mandatory payment or charge collected by local, state, and national governments from

Harris Child Tax Credit & Economic Agenda: Details and Analysis Skip to content Home • Blog • Vice President Harris’s Tax Policy Ideas: Details and Analysis On Friday, Vice President Kamala Harris began to sketch out details of her economic agenda as part of a fast-moving 2024 presidential campaign. On taxA tax is a mandatory

Vehicle Miles Traveled (VMT) Tax: US Transportation Funding Skip to content Table of Contents Key Findings Thanks to elevated deficits and interest rates, fiscal restraint is back in Washington. While substantially reversing America’s fiscal situation requires structural reforms to entitlements and taxes broadly, reforming transportation funding would also help. The user-pays principle is a sound

Did the TCJA Simplify the Tax Code? | Compliance & Complexity Skip to content Home • Blog • How Did the Tax Cuts and Jobs Act Simplify the Tax Code? If the individual provisions of the TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses

2024 Gas Taxes in Europe | Fuel Tax Rates: Gas & Diesel Skip to content Table of Contents Fuel taxes continue to be a central policy consideration for European countries amid supply chain disruptions related to the Russo-Ukraine war, increased emphasis on environmental policy, and deteriorating economic conditions felt by average consumers. The European Union

401(k) and IRAs: Retirement Savings Accounts | Tax Foundation Skip to content Home • Data • Federal Taxes • American Retirement and Tax-Preferred Savings Accounts, Tax Year 2018 Table of Contents Key Findings Traditional and Roth-style taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses

Help Americans Save More: Details & Analysis Skip to content Home • Blog • How Tax Reform Can Bolster Americans’ Shrinking Saving This is part of our educational blog series, “The Short Form,” to simplify taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to

Transcript Every time you see a fire truck or school bus drive down the road, or get the mail, that’s thanks to a government service. How does the government pay for all those services? Taxes. And in the US, one look at a pay stub shows us that there are different levels and different types

Patent Box Regimes in Europe, 2024 Skip to content Table of Contents Patent boxA patent box—also referred to as intellectual property (IP) regime—taxes business income earned from IP at a rate below the statutory corporate income tax rate, aiming to encourage local research and development. Many patent boxes around the world have undergone substantial reforms

2017 Tax Law Revenue Analysis: Tax Cuts and Jobs Act (TCJA) Skip to content Home • Blog • How Have Federal Revenues Evolved since the Tax Cuts and Jobs Act? Lawmakers in Congress are evaluating their options to avoid an automatic taxA tax is a mandatory payment or charge collected by local, state, and national

PA Tax Cuts: Pennsylvania Income Tax Reform Proposal Skip to content Home • Blog • Evaluating Proposed Pennsylvania Income Tax Reforms A pair of bills, SB 269 and HB 2388, cutting taxes in Pennsylvania are moving through the state legislature, but they stand in stark contrast to the governor’s proposed spending increases. The PA Senate

Biden CHIPS, Inflation Reduction Act: Business Investment Policies Skip to content Home • Blog • White House Right on Importance of Business Investment, Wrong on Relevant Policy The Treasury Department recently touted strong business investment in the years following the pandemic-driven recessionA recession is a significant and sustained decline in the economy. Typically, a recession

Puerto Rico Tax Competitiveness and Pillar Two Skip to content Table of Contents Key Findings Puerto Rico has long relied on low taxes to attract real investment and profit shiftingProfit shifting is when multinational companies reduce their tax burden by moving the location of their profits from high-tax countries to low-tax jurisdictions and tax havens.