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,

Estate, Inheritance, and Gift Taxes in Europe, 2024 Skip to content Table of Contents Inheritance taxes date back to the Roman Empire, which collected 5 percent of all inherited property to pay its soldiers’ pensions. Today, the practice is widespread. Twenty-four out of the 35 European countries covered in this map currently levy estate, inheritance,

How to Improve the Base Erosion and Anti-Abuse Tax (BEAT) Skip to content Home • Blog • How to Improve the Base Erosion and Anti-Abuse Tax One significant international provision of the 2017 TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the

Skip to content April 23, 2024By: Scott Hodge, Kyle Hulehan, Dan Carvajal All taxes tell a story, and today we’ll explore how taxes influenced Bob Dylan’s decision to sell his music catalog, how the “chicken taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to

2024 NFL Draft Class | Tax Foundation Skip to content Home • Blog • State Income Taxes and the 2024 NFL Draft Class The 2024 NFL draft is loaded with quarterback talent, but no prospect has garnered more attention than USC signal caller Caleb Williams, who is projected to pull down a four-year, $40 million

For individuals, gross income is the total pre-tax earnings from wages, tips, investments, interest, and other forms of income and is also referred to as “gross pay.” For businesses, gross income is total revenue minus cost of goods sold and is also known as “gross profit” or “gross margin.” What Is the Importance of Gross

Americans Are Still Paying for the Trump-Biden Tariffs Skip to content Home • Blog • Americans Are Still Paying for the Trump-Biden Tariffs If reelected, President Trump would drastically escalate the trade war he started during his first term, with proposals for new 10 percent universal baseline tariffs and 60 percent tariffs on imports from

Nonresident Income Tax Filing Laws by State | Tax Foundation Skip to content Home • Data • State Taxes • How Burdensome Are Your State’s Nonresident Income Tax Filing Laws? Table of Contents If you filed your taxes by the April 15th deadline, you’re probably relieved to return to your daily routine without thinking too

Transcript Everyone wants financial stability: in your income, your expenses, and even your taxes. In fact, stability is one of the four key principles of sound tax policy. When the tax code is stable and predictable, individuals, families, and businesses can set goals for the future and make plans to achieve them. When taxes are

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