Taxes

Trump Tariffs: Revenue Estimates | Tax Foundation Skip to content Home • Blog • Revenue Estimates of Trump’s Universal Baseline Tariffs President-elect Donald Trump has proposed to implement a universal baseline tariffTariffs are taxes imposed by one country on goods imported from another country. Tariffs are trade barriers that raise prices, reduce available quantities of
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Premium Cigar Taxes by State, 2024 | Tax Foundation Skip to content Table of Contents Over 500 million premium cigars were sold in the United States in 2023. With each sale comes a complex taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover
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Spain’s Poorly Designed Tax Policy Hurts Its Competitiveness Skip to content Home • Blog • Spain’s Poorly Designed Tax Policy Hurts Its Competitiveness Spain’s central government could learn some valuable lessons from its regional governments and other European countries about sound taxA tax is a mandatory payment or charge collected by local, state, and national
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Estate and inheritance taxes are burdensome. They disincentivize investment and can drive high-net-worth individuals out of state. They also yield estate planning and tax avoidance strategies that are inefficient, not only for affected taxpayers but also for the economy at large. The handful of states that still impose them should consider gradually eliminating them or
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State Drug Policy: Marijuana Legalization | Tax Foundation Skip to content Home • Blog • Momentum Slows for State Drug Legalization Policies via 2024 State Ballot Initiatives Drug policy was on the ballot in many states in 2024. Voters in Florida, North Carolina, and South Dakota considered legalizing recreational marijuana; voters in Nebraska had the
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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
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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
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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,
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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
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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
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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
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