Taxes

Harris Child Tax Credit & Economic Agenda: Details and Analysis Skip to content Home • Blog • Vice President Harris’s Tax Policy Ideas: Details and Analysis On Friday, Vice President Kamala Harris began to sketch out details of her economic agenda as part of a fast-moving 2024 presidential campaign. On taxA tax is a mandatory

401(k) and IRAs: Retirement Savings Accounts | Tax Foundation Skip to content Home • Data • Federal Taxes • American Retirement and Tax-Preferred Savings Accounts, Tax Year 2018 Table of Contents Key Findings Traditional and Roth-style taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses

Help Americans Save More: Details & Analysis Skip to content Home • Blog • How Tax Reform Can Bolster Americans’ Shrinking Saving 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

2024 Gas Taxes in Europe | Fuel Tax Rates: Gas & Diesel Skip to content Table of Contents Fuel taxes continue to be a central policy consideration for European countries amid supply chain disruptions related to the Russo-Ukraine war, increased emphasis on environmental policy, and deteriorating economic conditions felt by average consumers. The European Union

Blog October 31, 2023November 1, 2023 New Study Finds TCJA Strongly Boosted Corporate Investment The 2017 Tax Cuts and Jobs Act (TCJA) was the largest corporate tax reform in a generation, lowering the corporate tax rate from 35 percent to 21 percent, temporarily allowing full expensing for short-lived assets (referred to as bonus depreciation), and

2024 State Gas Tax Rates | 2024 Gas Taxes by State Skip to content Table of Contents Gas taxes affect the lives and finances of most Americans. Today’s map illustrates gas taxA gas tax is commonly used to describe the variety of taxes levied on gasoline at both the federal and state levels, to provide

Transcript Every time you see a fire truck or school bus drive down the road, or get the mail, that’s thanks to a government service. How does the government pay for all those services? Taxes. And in the US, one look at a pay stub shows us that there are different levels and different types

Vehicle Miles Traveled (VMT) Tax: US Transportation Funding Skip to content Table of Contents Key Findings Thanks to elevated deficits and interest rates, fiscal restraint is back in Washington. While substantially reversing America’s fiscal situation requires structural reforms to entitlements and taxes broadly, reforming transportation funding would also help. The user-pays principle is a sound

Did the TCJA Simplify the Tax Code? | Compliance & Complexity Skip to content Home • Blog • How Did the Tax Cuts and Jobs Act Simplify the Tax Code? If the individual provisions of the TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses

Tim Walz Tax Policies: Details & Analysis Skip to content Home • Blog • Gov. Tim Walz Raised Taxes as Most Governors Cut Them Most states have cut taxes at least once since 2021, with a renewed emphasis on taxA tax is a mandatory payment or charge collected by local, state, and national governments from

IRS Tax Compliance Costs the US Economy $546B Annually Skip to content Table of Contents The federal 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 imposes many costs on the US economy.

STATES Act 2.0 Sets the Stage for Federal Cannabis Reform Skip to content Home • Blog • STATES 2.0 Act Sets the Stage for Federal Cannabis Policy According to recent reports, 72 percent of the current marijuana market in the US is illicit. Evidently, the federal criminalization of marijuana has failed to prevent its sale

Trump Social Security Tax Proposal: Details & Analysis Skip to content Home • Blog • Exempting Social Security Benefits from Income Tax Is Unsound and Fiscally Irresponsible On Wednesday, former President Donald Trump indicated he would support exempting Social Security benefits from income taxA tax is a mandatory payment or charge collected by local, state,

2024 Summer Olympics Taxes | TaxEDU Skip to content Home • Blog • How Are Olympians and Attendees 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 to cover the costs

Capital Allowances in Europe, 2024 | Tax Foundation Skip to content Although sometimes overlooked in discussions about corporate taxation, capital allowances play an important role in a country’s corporate tax baseThe tax base is the total amount of income, property, assets, consumption, transactions, or other economic activity subject to taxation by a tax authority. A

Europe August 8, 2023July 16, 2024 Patent Box Regimes in Europe, 2023 The aim of patent boxes is generally to encourage and attract local research and development (R&D) and to incentivize businesses to locate IP in the country. However, patent boxes can introduce another level of complexity to a tax system, and some recent research

Sales Tax Revenue by State | Sales Tax Reliance & Breadth Skip to content Table of Contents Key Findings Sales taxes account for 31.18 percent of state 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,

Sales Tax Holidays by State, 2024 | Sales Tax Free Weekends Skip to content 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 rates lower. A

Apollo Moon Space Race and the Cost of Industrial Policy Skip to content Home • Blog • Space Race and the Cost of Industrial Policy 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

Current Vaping Market Challenges | Tax Foundation Skip to content Home • Blog • Current Challenges in Vaping Markets The US vaping market is a disaster. As much as 98 percent of vaping products sold in the US are illicit. Most states levy an excise tax on vaping products, but these taxA tax is a