Taxes

Personal Saving, Retirement, and Taxes | Tax Foundation Skip to content Home • Blog • Dwindling Savings and Increasing Financial Stress Highlights Need for Tax Reforms As Americans consider their holiday plans, policymakers and economists have been focusing on the state of the U.S. economy and whether the bonanza of consumer spending over the past

2024 Tax Brackets and Federal Income Tax Rates | Tax Foundation Skip to content Table of Contents See 2023 Tax Brackets See 2022 Tax Brackets On a yearly basis, the Internal Revenue Service (IRS)The Internal Revenue Service (IRS) is part of the U.S. Department of the Treasury and is responsible for enforcing and administering federal

Carbon Tax Rankings: Matching Their Promise | Tax Foundation Skip to content Table of Contents Key Findings Carbon taxA carbon tax is levied on the carbon content of fossil fuels. The term can also refer to taxing other types of greenhouse gas emissions, such as methane. A carbon tax puts a price on those emissions

Making 2017 Tax Reform Permanent: Details & Analysis Skip to content 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 general government services, goods, and activities. Cuts and Jobs Act of 2017 (TCJA) overhauled

Jeff Bezos Move Undercuts Proposed Washington Wealth Tax Skip to content Home • Blog • Jeff Bezos’s Move Undercuts Proposed Washington State Wealth Tax Jeff Bezos announced a move to Miami, and somewhere, a Washington state revenue official was probably moved to tears. Bezos sold about $15.7 billion worth of Amazon stock between 2020 and

Taxes on Wireless Services: Cell Phone Tax Rates by State Skip to content Home • Data • State Taxes • Excise Taxes and Fees on Wireless Services Drop Slightly in 2023 Table of Contents Key Findings A typical American household with four phones on a “family share” plan paying $100 per month for taxA tax

Marketplace Facilitator Laws: Past, Present, and a Better Future Skip to content Table of Contents Key Findings For decades, Supreme Court precedent held that marketplace facilitators (remote sellers) were not subject to state and local sales taxA sales tax is levied on retail sales of goods and services and, ideally, should apply to all final

UK Business Investment Increases After Pro-Growth Tax Reforms Skip to content Table of Contents Key Findings The UK Office of National Statistics has reported a significant increase in business investment in the UK since the adoption of two pro-investment reforms to capital cost (depreciationDepreciation is a measurement of the “useful life” of a business asset,

TCJA Strongly Boosted Corporate Investment, Study Finds Skip to content Home • Blog • New Study Finds TCJA Strongly Boosted Corporate Investment The 2017 Tax Cuts and Jobs Act (TCJA)The Tax Cuts and Jobs Act in 2017 overhauled the federal tax code by reforming individual and business taxes. It was pro-growth reform, significantly lowering marginal

2024 State Business Tax Climate Index | Tax Foundation Skip to content Table of Contents Launch Our Interactive Tool Executive Summary 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 State Business

2023 European Tax Policy Scorecard | Tax Foundation Europe Skip to content Table of Contents Introduction The structure of a country’s 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 is a determining

Do People Really Move Because of Taxes? | TaxEDU Skip to content Home • Blog • The Short Form: Do People Really Move Because of Taxes? This is part of our educational blog series, “The Short Form,” to simplify tax issues and explore the world through the lens of tax policy. Learn more about taxes

California Menthol Ban Results Mixed, with Illicit Market Thriving Skip to content Home • Blog • Californians Still Smoking Menthol after Ban: Evidence from a Discarded Pack Audit It’s been almost a year since California banned the sale of all flavored tobacco products, and the big question is: did it work? While legal sales are

IRS Tax Gap Report: Details & Analysis Skip to content Home • Blog • IRS Report Shows Closing the Tax Gap Would Not Close the Deficit The latest tax gapThe tax gap is the difference between taxes legally owed and taxes collected. The gross tax gap in the U.S. accounts for at least 1 billion

Capital Cost Recovery under BEFIT vs EU Member State Policies Skip to content Home • Blog • European Tax Policy Scorecard: Capital Cost Recovery under BEFIT versus Current Member State Policies On 12 September, the European Commission released the Business in Europe: Framework for Income TaxA tax is a mandatory payment or charge collected by

October is economic education month. An important part of economic education is understanding how 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. es affect the economy. On this special episode of The Deduction,

Successful Fiscal Consolidations Do Not Rely Solely on Tax Hikes Skip to content Home • Blog • Most Successful Fiscal Consolidations Do Not Rely Solely on Tax Hikes Although interest rates are expected to fall as inflationInflation is when the general price of goods and services increases across the economy, reducing the purchasing power of

Trump Corporate Tax Rate Cut Proposal: Details & Analysis Skip to content Home • Blog • A Lower Corporate Rate Is an Opportunity Worth Taking as Part of Broader Tax Reform As the 2024 presidential campaign season gets fully underway, candidates are beginning to sketch out their taxA tax is a mandatory payment or charge

Pillar One US Treasury Consultation: Details & Analysis Skip to content Home • Blog • Five Takeaways from the New Pillar One Documents Last week, the Organisation for Economic Co-operation and Development (OECD) released a trove of new documents on a draft multilateral taxA tax is a mandatory payment or charge collected by local, state,

CCCTB vs. BEFIT: EU Corporate Tax Base: Details & Analysis Skip to content Home • Blog • CCCTB vs. BEFIT: How Have the Proposals Changed? The European Union (EU) has tried to create a common corporate tax baseThe tax base is the total amount of income, property, assets, consumption, transactions, or other economic activity subject