Taxes

TCJA Individual Tax Cuts Expiring Soon: Details & Analysis Skip to content Home • Blog • Why Are the Individual Tax Cuts Expiring? The expiration of 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,

State Throwback Rules & Throwout Rules, 2024 Skip to content Table of Contents Today’s 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. map examines the extent to which states adopt a harmful set

Georgia Tax Reform: Details & Analysis | Tax Foundation Skip to content Home • Blog • Georgia Implements Structurally Sound Tax Changes On April 18, Georgia Governor Brian Kemp (R) signed several bills into law that will make the state’s taxA tax is a mandatory payment or charge collected by local, state, and national governments

Kimberly Clausing holds the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. During the first part of the Biden Administration, Clausing was the Deputy Assistant Secretary for Tax Analysis in the US Department of the Treasury, serving as the lead economist in the Office of Tax Policy. Prior

Digital Taxation around the World | Tax Foundation Skip to content Table of Contents Key Findings There is a geographic mismatch between the location of individuals who use digital platforms and the location where those products are developed. In 2020, while 40 percent of the value created in information industries originated in North America, 40

Impact of BEPS 1.0: International Corporate Taxation Skip to content April 12, 2024April 11, 202422 min readBy: Alan Cole Table of Contents Key Findings Both the OECD Pillar Two agreement and scheduled changes to the TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to

EV Tax Credits: Inflation Reduction Act Analysis Skip to content Home • Blog • When Looking to Reform Inflation Reduction Act, Start with EV Credits The Treasury Department’s new report on taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of

International Tax Avoidance vs. Tax Evasion | Tax Foundation Skip to content Table of Contents Note: The following is the testimony of Daniel Bunn, President & CEO of 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,

All Americans are affected by 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. code—but do they understand the tax code? To find out, the Tax Foundation’s educational program, TaxEDU, and Center for

Excise Duties on Electricity in Europe, 2024 Skip to content Table of Contents In 1999, the European Union introduced a harmonised excise duty on electricity use. The rationales at the time were to raise revenue for the Member States and encourage the frugal use of electricity in light of climate goals. Today, there are more

National Tax Literacy Poll Highlights Need for Better Tax Education Skip to content Home • Blog • New National Tax Literacy Poll Highlights Need for Better Tax Education Taxes impact every American in one way or another. The IRS reported more than 162 million individual income taxAn individual income tax (or personal income tax) is

French Budget: Details & Analysis | Tax Foundation Skip to content Home • Blog • The French Budget: Moving from Public Debate to Principled Solutions French President Emmanuel Macron promised to rein in the country’s budget deficit within the next four years. Newly released data shows France is moving in the wrong direction. On 26

Vermont Tax Proposals: Details & Analysis | Tax Foundation Skip to content Home • Blog • Vermont Tax Proposals Would Leave the State and Vermonters Behind This year, Montpelier is producing a bumper crop of proposed taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses

Portugal Personal Income Tax System | Tax Foundation Skip to content Home • Blog • Portugal’s Personal Income Tax System: High Top Rate, Threshold, and Tax Credits Note: This post is part of a series on Portugal’s taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or

May 24, 2023January 5, 2024 Compare Tobacco Tax Data in Your State In the United States, tobacco is taxed at both the federal and state and sometimes even local levels. These layers of taxes often result in very high levels of taxation—the highest of any consumer item. The retail price of cigarettes, for instance, is

Is Federal Tax Code Progressive? | TaxEDU Skip to content Home • Blog • Does the Federal Tax Code Privilege the Rich? 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

State Capital Gains Tax Rates, 2024 | Tax Foundation Skip to content Table of Contents When taxpayers sell their capital assets, like real property or their shares in a company, net earnings on those sales (capital gains) are generally subject to taxA tax is a mandatory payment or charge collected by local, state, and national

Maryland Worldwide Combined Reporting: To Be or Not to Be? Skip to content Home • Blog • Maryland’s Worldwide Combined Reporting: To Be or Not to Be? Worldwide combined reporting is on the agenda in Maryland. Earlier in March, the Maryland House Appropriations Committee amended the budget bill (S.B. 362) to, among other things, include

State Tax Cuts Revenue Implications: Analysis | Tax Foundation Skip to content Home • Blog • Can States Afford Their Recent Tax Cuts? With state 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.

Tax Reform Options for 2025 (and Beyond) | Tax Foundation Skip to content Home • Blog • Considering Tax Reform Options for 2025 (and Beyond) The coming 2025 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,