Taxes

Blog April 16, 2024June 4, 2024 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. But what often goes unnoticed is President Biden’s role in continuing Trump’s first trade war. In fact, more tax revenue from the trade war tariffs

Presented by: Alex Durante Scott Lincicome Erica York The Tax Foundation is hosting an online discussion about the Section 232 tariffs on steel and aluminum, including how they work and their impacts on American jobs, wages, and prices. Erica York will moderate a panel with experts Scott Lincicome and Alex Durante who will share their

Arkansas Enacts Fourth Tax Cut in Less than Two Years Skip to content Home • Blog • Arkansas Enacts Fourth Tax Cut in Less than Two Years Arkansas Governor Sarah Huckabee Sanders (R) recently called a brief special legislative session to enact the fourth round of reductions to the Natural State’s individual and corporate income

Full TCJA Extension Fiscal Challenge: CBO Projections Skip to content Home • Blog • Latest CBO Projections Highlight Fiscal Challenge of Full TCJA Extension A new report from the Congressional Budget Office (CBO) predicts that, after the upcoming expirations of the TaxA tax is a mandatory payment or charge collected by local, state, and national

The Impact of High Inflation on Tax Revenues across Europe Skip to content Table of Contents Key Findings InflationInflation is when the general price of goods and services increases across the economy, reducing the purchasing power of a currency and the value of certain assets. The same paycheck covers less goods, services, and bills. It

Sources of Personal Income Tax Returns Data | Tax Foundation Skip to content Table of Contents Key Findings Taxpayers reported $14.8 trillion of total income on their 2021 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,

Trump Tariffs & Biden Tariffs: Economic Impact of the Trade War Skip to content Home • Research • Research • Tariff Tracker: Tracking the Economic Impact of the Trump-Biden Tariffs June 26, 2024June 26, 202419 min readBy: Erica York Table of Contents Key Finding The Trump administration imposed nearly $80 billion worth of new taxes

2024 Presidential Debate Tax Policy Issues | Tax Foundation Skip to content Home • Blog • Tax Policy Questions 2024 Presidential Candidates Should Address This Thursday in Atlanta, President Joe Biden and former President Donald Trump will face off for the first debate of the 2024 presidential election. The future of the US tax code

UK Full Expensing: Understanding UK Capital Allowances Policy Skip to content Home • Blog • Understanding Full Expensing in the United Kingdom The United Kingdom is nearing snap elections on July 4, 2024, and taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover

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

EU VAT in the Digital Age (ViDA) Proposal | Tax Foundation Europe Skip to content Home • Blog • The European Union’s ViDA Proposal: Ignoring Principles Does Not Make Tax Policy Fairer On 21 June, the European Union’s finance ministers plan to discuss the EU’s VAT in the digital age (ViDA) proposal once again after

US Tax Treaty Network: Prioritizing Brazil and Singapore Skip to content Home • Blog • Enhancing the US Tax Treaty Network: Prioritizing Brazil and Singapore Because 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

Moore v. United States Supreme Court Tax Case Skip to content Home • Blog • Supreme Court Rules against Moores 7-2, Leaves Most Questions Undecided The US Supreme Court released a ruling on the taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover

Trump Income Tax and Tariff Proposals: Details & Analysis Skip to content Home • Blog • Five Things to Know about Trump’s Tariff and Income Tax Proposals Last week, former President Trump took his affinity for tariffs much further, floating the possibility of entirely replacing the federal income tax with new tariffs. He also raised

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

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

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

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

Local Sales Taxes vs Income Taxes: Sources of Local Tax Revenue Skip to content Table of Contents Key Findings Local sales and income taxes generate 13 percent and 5 percent of local taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs

Oregon Ballot Measure IP-17 | Oregon Rebate: Details & Analysis Skip to content Home • Blog • Oregon Ballot Measure Would Yield Sky-High Business Tax Rates The all-in Oregon state and local taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs