As part of his new tax plan, the president has proposed ending the “step-up” in tax basis for inherited assets, and, furthermore, requiring the capital gains tax to be paid at death rather than when an heir later sells...
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- Today is Our 75th Birthday!
Today is Our 75th Birthday!
Today the Tax Foundation turns 75 years old!
It was on this day in 1937 that small group of business executives gathered in New York City to discuss how no one was effectively monitoring fiscal activities at all levels of government and conveying that information to the general public. In the heart of the Great Depression, over the past few years, federal spending had climbed 170 percent and federal tax collections 198 percent. Without accurate information, policymakers and citizens were operating in the dark.
Those forward-thinking individuals decided to launch an organization which, through research and analysis, would inform and educate Americans using objective, reliable data on government finance. That remains our mission to this day.
Celebrate our birthday by donating today! If you donate $75 today ($1 for every year we've worked for better tax policy), we'll make sure you're among the first to get our new Facts & Figures booklet when it comes out early next year., at no additional cost.
We'd also appreciate sending us a quick e-mail with an example of how Tax Foundation research has helped you, your think tank, your association, or your business. We need these stories to grow our funding support to have an even greater impact. And if you know someone itching to invest in big policy impacts, please don’t keep it to yourself!
Finally, thank you for all your help and support year-round. Our successes are because of each of you.
Have a happy holiday season, and happy birthday to us!
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About the Tax Policy Blog
The Tax Policy Blog is the official blog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.