Taxes

Reining in America’s $3.3 Trillion Tax-Exempt Economy Skip to content Table of Contents Key Findings For over a century, lawmakers have exempted politically favored organizations and industries from the 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
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Carbon Taxes in Europe, 2024 | Tax Foundation Europe Skip to content Table of Contents In recent years, several countries have taken measures to reduce carbon emissions, including instituting environmental regulations, emissions trading systems (ETSs), and carbon taxes. In 1990, Finland was the world’s first country to introduce a carbon taxA carbon tax is levied
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Transcript Taxes have one job – to raise revenue for the government to provide necessary services. And when taxes are applied at a low rate, on a wide base, they’re likely to do this job better. Unfortunately, this hasn’t always stopped governments from trying to use taxes for other purposes besides raising revenue, like influencing
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TCJA Pass-Through Business Tax Reform: Details & Analysis Skip to content Home • Blog • How the TCJA Affected Legal Business Forms The 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. Cuts and
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Beer Taxes by State: How High Are Beer Taxes in Your State? Skip to content Table of Contents Beer. For many Americans, the thought of beer conjures warm memories—summer grilling, a cheers with old friends, or a cold drink at the end of a long day. Beer taxes, however, are enough to squash those positive
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Capital Allowances | Capital Cost Recovery across the OECD, 2024 Skip to content Table of Contents Key Findings A capital allowanceA capital allowance is the amount of capital investment costs, or money directed towards a company’s long-term growth, a business can deduct each year from its revenue via depreciation. These are also sometimes referred to
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Presented by: Will McBride Chris Edwards The Tax Foundation is hosting an online discussion with Will McBride and Chris Edwards on universal savings accounts, their track record in Canada and the United Kingdom, and how they could help Americans save more. According to the Federal Reserve, the portion of Americans with emergency savings to cover
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Tax Burden on Labor in Europe, 2024 | Tax Foundation Europe Skip to content Home • Data • Tax Burden on Labor in Europe, 2024 Governments with higher taxes generally tout that they provide more services, and while this is often true, the cost of these services can be more than half of an average
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Tariffs are a hot topic this election cycle for both President Biden and former President Trump. But why are tariffs so popular despite their economic downsides? In this episode, we unpack tariffs’ role in the political playbook, their impact on manufacturing jobs and consumers, and the Biden administration’s review of Trump-era tariffs. Erica York, Senior
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Universal Savings Accounts: Improving Financial Security in the US Skip to content Table of Contents Key Findings Since the 1970s, saving policy in the U.S. has primarily revolved around boosting retirement saving and other narrowly defined categories of saving, such as for health care and education, through complex rules and limitations that primarily benefit high-income
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National Tax Poll: Understanding Taxes Skip to content Home • Blog • National Tax Literacy Poll: Understanding the Tax Code Recently, the 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. Foundation’s educational program,
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