Taxes

Supernormal Returns & Tax Policy Debates | Tax Foundation Skip to content Table of Contents Key Findings Businesses invest now to earn future returns. For an investment to be worthwhile, it must at least “break even,” providing a risk-free return that covers the cost of capital, time, and inflationInflation is when the general price of

Donald Trump Tax Plan 2024: Details & Analysis Skip to content September 10, 2024September 10, 20247 min readBy: Erica York Topline Preliminary Estimates 10-Year Revenue (Billions) +$1,325 Long-run GDP -0.2% Long-Run Wages +0.6% Long-Run FTE Jobs -387,000 Tax Foundation General Equilibrium Model, September 2024 Former President Donald Trump has not released a fully detailed taxA

How Do Taxes Affect Interstate Migration? | State Migration Trends Skip to content Every year, millions of Americans pack up and move from one state to another, providing unique insights into what people value when deciding where to live, work, do business, and raise a family. For many years, policymakers, journalists, and taxpayers have debated

For 87 years, Tax Prom has been the must-attend event for the tax world’s best, brightest, and most influential.    From Capitol Hill tax staffers to VPs of tax and government affairs departments at Fortune 1000 companies, trade associations, and law firms, Tax Prom is the one night a year that brings together the major

North Dakota Property Tax Ballot Measure 2024: Details & Analysis Skip to content Home • Blog • North Dakota Considers Eliminating Property Taxes A constitutional initiative on North Dakota’s November ballot would prohibit all taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover

Why Neutral Cost Recovery Matters Skip to content Home • Blog • Why Neutral Cost Recovery Matters The debate over 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 Jobs Act

Utah Tax Ballot Measure: Education Funding | Tax Foundation Skip to content Home • Blog • Income Tax Earmarking and Grocery Taxes on the Ballot in Utah Utah’s taxes are unusually earmarked. The entirety of individual and corporate income taxA corporate income tax (CIT) is levied by federal and state governments on business profits. Many

US Business Tax Compliance Costs: Survey Results Skip to content Table of Contents Key Findings Studies indicate that 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. complexity and compliance costs are on the

State Sales Tax Reform Guide: Modernizing Sales Taxes Skip to content Table of Contents Key Findings The sales taxA sales tax is levied on retail sales of goods and services and, ideally, should apply to all final consumption with few exemptions. Many governments exempt goods like groceries; base broadening, such as including groceries, could keep

Harris Unrealized Capital Gains Tax Proposal: Details & Analysis Skip to content Home • Blog • Analysis of Harris’s Billionaire Minimum Tax on Unrealized Capital Gains In her campaign for president, Vice President Kamala Harris has embraced all the taxA tax is a mandatory payment or charge collected by local, state, and national governments from

Short Form: How World War II Reshaped US Taxation Skip to content Home • Blog • How World War II Reshaped US Taxation 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

New York Budget Gap & Taxes: Details & Analysis Skip to content Home • Blog • New York Budget Gap Narrows, but No Long-Term Solution in Sight New York cannot 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

Meals Tax Rates in US Cities | Restaurant & Prepared Food Taxes Skip to content Home • Blog • Meals Taxes across the Nation Patterns of food consumption have changed considerably over the last 50 years. Economic progress, prosperity, and higher standards of living are generally associated with food declining as a share of consumption.

Raising Federal Revenues: 10 Less Harmful Options Skip to content Home • Blog • 10 Less Harmful Ways of Raising Federal Revenues The next president and Congress face two fiscal challenges in 2025 that may require finding new sources of revenues. First, the debt ceiling must be raised in early 2025, forcing decisions about how

How Do Import Tariffs Affect Exports? | Tax Foundation Skip to content Home • Blog • How Do Import Tariffs Affect Exports? In his first term, President Donald Trump began a trade war by imposing nearly $80 billion worth of new import taxes, or tariffs, on a broad range of goods Americans buy from overseas

EU Tobacco & Cigarette Taxes | EU Excise duties on cigarettes Skip to content Cigarette smokers in the European Union pay far more in excise taxes than they do for the cigarettes themselves. The EU Tobacco TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses

Trump, Harris Corporate Tax Proposals: Election 2024 Skip to content Home • Blog • The Corporate Tax Rate Tug-of-War Depending on the outcome of the 2024 US election, the current corporate taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of

Sales Tax Rates by City, 2024 | Tax Foundation Skip to content Table of Contents Introduction Sales taxes in the United States are levied not only by state governments but also by city, county, tribal, and special district governments. In many cases, these local sales taxes comprise a significant share of the overall rate paid

Pillar Two Unintended Consequences | Tax Foundation Europe Skip to content Home • Blog • Pillar Two’s Unintended Consequences The OECD’s Pillar Two aims to establish a global minimum 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

Property Taxes by State & County: Median Property Tax Bills Skip to content Property taxes are the primary tool for financing local governments. In fiscal year 2021, property taxes comprised 30 percent of total state and local taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or