Taxes

US Pandemic Response Impact on Inequality & Progressivity Skip to content Home • Blog • New CBO Report Shows Pandemic Response Sharply Reduced Inequality, Increased Progressivity in 2020 The pandemic led to one of the largest fiscal responses in U.S. history, impacting households across the income distribution. A new report from the Congressional Budget Office

Flat Tax Revolution: State Income Tax Reform | Tax Foundation Skip to content Home • Blog • The State Flat Tax Revolution: Where Things Stand Today Latest Updates Updated to reflect the implementation of structural changes in several states. Updated to reflect recent state tax policy developments. Originally published. See Full Timeline In the first

Remote Work Tax Issues This Tax Season | TaxEDU Skip to content Home • Blog • How Are Remote and Hybrid Workers Taxed? 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 March 17, 2023October 12, 2023 Temporary Full Expensing Arrives in the UK The UK’s adoption of full expensing is a welcome step that may generate short-run economic benefits. However, for the reform to have a meaningful effect on the UK’s international competitiveness and long-run economic performance, it must be made permanent—which the British government

2024 Personal Income Tax Rates in Europe | Tax Foundation Skip to content Table of Contents Most countries’ personal income taxes have a progressive taxA progressive tax is one where the average tax burden increases with income. High-income families pay a disproportionate share of the tax burden, while low- and middle-income taxpayers shoulder a relatively

Tax-Free Savings Accounts (TFSA) Are a Huge Success in Canada Skip to content Home • Blog • Canada’s Tax-Free Savings Accounts Are a Huge Success. U.S. Lawmakers Should Take Note For most Americans, saving is a taxing experience. The most readily available option is to put money away in a savings or brokerage account and

TCJA Interest Limitations Had Small Impact on Corporate Activity Skip to content Home • Blog • Treasury Finds TCJA Interest Limitations Had Small Impact on Corporate Activity A new working paper published by U.S. Treasury economists found that the interest limitations implemented under the 2017 TaxA tax is a mandatory payment or charge collected by

Proposed “Junk Fee” Rule Would Create Tax Headaches Skip to content Home • Blog • Proposed “Junk Fee” Rule Would Create Inadvertent Tax Headaches Sellers in some states could soon be simultaneously required and prohibited from publishing sales taxA sales tax is levied on retail sales of goods and services and, ideally, should apply to

2024 Sales Tax Rates: State & Local Sales Tax by State Skip to content Table of Contents Key Findings Forty-five states and the District of Columbia collect statewide sales taxes. Local sales taxes are collected in 38 states. In some cases, they can rival or even exceed state rates. The five states with the highest

2024 VAT Rates in Europe | EU VAT Rates, 2024 Skip to content Table of Contents More than 170 countries worldwide—including all major European countries —levy a value-added 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,

Credit Union Tax Treatment: Details & Analysis | Tax Foundation Skip to content Table of Contents Key Findings Credit unions are 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. -exempt nonprofit financial institutions

House Bipartisan Tax Deal: 5 Key Facts | Tax Foundation Skip to content Home • Blog • Five Facts to Know about the Bipartisan Tax Deal The U.S. House of Representatives has passed a highly anticipated bipartisan tax deal. The TaxA tax is a mandatory payment or charge collected by local, state, and national governments

House GOP SALT Deduction Cap Proposal: Details & Analysis Skip to content Home • Blog • Latest SALT Deduction Cap Proposal Increases Budget Deficit, Creates New Tax Cliffs, and is Regressive Shortly after the U.S. House of Representatives passed the bipartisan tax deal earlier this week, Rep. Mike Lawler (R-NY) introduced the SALT Marriage PenaltyA

Portugal VAT Reform Options | Tax Foundation Skip to content Home • Blog • Mind the Gap, Please! How Portugal Could Reform Its VAT System 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 businesses to

Maryland Local Income Tax Reform: Details & Analysis Skip to content Home • Blog • Maryland Considers Raising Local Income Taxes On January 22, Maryland Delegate Palakovich Carr introduced H.B. 470, a bill that would significantly alter the local income taxA tax is a mandatory payment or charge collected by local, state, and national governments

The Harms of Retaliatory Tax and Trade Policies | Tax Foundation Skip to content Home • Blog • Tax Foundation Discussion on the Harms of Retaliatory Tax and Trade Policies 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

Impact of GILTI, FDII, and BEAT | Tax Cuts and Jobs Act (TCJA) Skip to content January 31, 2024January 30, 202430 min readBy: Alan Cole Table of Contents Key Findings 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

2024 Tax Relief Act: Details & Analysis | The Deduction Podcast Skip to content Today, we’re exploring the intricacies of the latest congressional act stirring up Washington—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,

Kansas Flat Tax Reform & Relief: Details & Analysis Skip to content Home • Blog • A Lower, Flat Income Tax Would Promote Long-Term Economic Growth in Kansas Kansas has begun its fifth consecutive legislative session under politically divided government, with Republicans holding a slim supermajority in the legislature while Gov. Laura Kelly (D) begins

Permanent Bipartisan Tax Deal Revenue Challenges & Trade-offs Skip to content Home • Blog • Permanent Bipartisan Tax Deal Would Grow Economy but Create Revenue Challenges One concern surrounding the recent congressional bipartisan tax deal is that most of the proposed taxA tax is a mandatory payment or charge collected by local, state, and national