Taxes

TCJA Family Provisions Offer Template for Tax Reform in 2025 Skip to content Home • Blog • TCJA Family Provisions Offer Template for Tax Reform in 2025 Congress has already started debating what to do about the upcoming expirations of the TaxA tax is a mandatory payment or charge collected by local, state, and national

Further Tax Reforms Needed in 2025 | Tax Conference Skip to content Home • Blog • Conference on Tax Cuts and Jobs Act’s Effects Shows Further Tax Reforms Needed in 2025 On May 23rd, the TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to

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

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

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

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

A Comparison of the Tax Burden on Labor in the OECD, 2024 Skip to content Table of Contents Key Findings Average-wage earners in the OECD have their take-home pay lowered by two major taxes: individual income taxes and payroll taxes (both employee- and employer-side). Value-added taxes (VAT) and sales taxes also place a taxA tax

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

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,

Distilled Spirits Taxes by State | Liquor Taxes | Alcohol Taxes Skip to content Table of Contents Distilled spirits lead American alcohol sales. In 2023, spirits sales (42 percent of market share) outpaced beer sales (41.9 percent of market share) for the second straight year. Newer products like spirits-based hard seltzers and ready-to-drink cocktails have

Net Operating Loss (NOL) Tax Provisions in Europe, 2024 Skip to content Table of Contents Loss carryover provisions allow businesses to either deduct current year losses against future profits (carryforwards) or current year losses against past profits (carrybacks). Many companies have investment projects with different risk profiles and operate in industries that fluctuate greatly with

EU Global Minimum Tax Implementation Challenges Skip to content Home • Blog • New Report Identifies Challenges with Global Minimum Tax Implementation in the EU European Union Member States are in the process of implementing the global minimum taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals

Taxing High Incomes: Marginal Taxes on High Incomes in the EU Skip to content Table of Contents Key Findings Across Europe, there is an ongoing campaign for higher taxes on high-income individuals, sustained through public and political advocacy. High marginal taxA tax is a mandatory payment or charge collected by local, state, and national governments

Kansas Tax Reform & Relief, 2024: Details & Analysis Skip to content Home • Blog • Kansas Lawmakers Should Prioritize Pro-Growth, Structurally Sound Tax Reforms in Special Session Despite working all legislative session on a major taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses

Can Economic Growth Help Solve US Debt Problem? Skip to content Home • Blog • Can Economic Growth Help Solve Our Debt Problem? 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

Blog July 19, 2023February 8, 2024 Weeding the Garden of International Tax Simplifying international tax rules will not solve all the challenges that stand in the way of healthy cross-border investment, but eliminating unnecessary provisions would be a positive pivot relative to the trajectory of recent years. It’s high time that policymakers stopped pursuing ever

Moore Case: Why We’re Closely Watching Moore v. U.S. Skip to content Home • Blog • Why We’re Closely Watching Moore v. U.S. In the coming days or weeks, the Supreme Court is expected to release an opinion on Moore v. United States, a case with potentially significant consequences for taxA tax is a mandatory

Tax Cuts and Jobs Act Expensing: Cost Recovery Analysis Skip to content Home • Blog • How Did the Tax Cuts and Jobs Act Change Cost Recovery? Note: This post is part of a series exploring the upcoming TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals

Caitlin Clark’s Other Audience: State Tax Departments Skip to content Home • Blog • Caitlin Clark’s Other Audience: State Tax Departments When Caitlin Clark and Angel Reese made their WNBA preseason debuts, basketball fans across the country tuned in—or at least tried to, with controversy ensuing when the league did not stream the Chicago Sky’s

Corporate Tax Hike: Details & Analysis Skip to content Home • Blog • Tax Reform Offsets Shouldn’t Offset Economic Growth Lawmakers are watching the clock tick down on major provisions 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