The Tax Policy Blog

April 15, 2015

Our good friend Remy has released a very funny new video to relieve the stress of Tax Day. Enjoy.

Of course, one of our favorite Remy videos is this oldie but goodie from 2008 on Tax Freedom Day. This year, Tax Freedom Day arrives on April 24th.  

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April 15, 2015

It’s tax day today. The federal government collected over $3 trillion in taxes in 2014, according to the Office of Management and Budget, with $1.4 trillion coming from individual income taxes and another $1 trillion from payroll taxes.

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April 15, 2015

Leading up to tax day there are a lot of news outlets who are releasing reports on different aspects of the U.S. tax code. A lot of them are very informative and worthwhile. However, a report on Tuesday from ABC News’ “The Big Number” gets a lot of details about the tax code wrong.

The report stated that 54 of the largest businesses in the United States have conducted some sort of...

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April 15, 2015

This week's tax map presents the highest individual income tax rates in each state for 2015 (full report on state income tax rates: here). Income taxes are a major, and often complicated, component of state revenues. Furthermore, unlike sales or excise taxes which individuals pay indirectly, income taxes are levied directly on individuals, meaning that income taxes are usually featured...

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April 14, 2015

Tax day is a day away and this time of year there are always questions about who pays how much in taxes.

A recent poll by Pew Research Center found that “the feeling that some wealthy people don’t pay their fair share,” bothered 79 percent of respondents some or a lot. Recent analysis by the Joint...

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April 14, 2015

Two years after new stormwater remediation taxes rained down on Marylanders, a deluge of legislators—184 of them across both chambers, with one opposed—voted to pull the plug on the state’s Rain Tax mandate, though not necessarily on the tax itself.

As late as mid-March, the fate of any proposal to scale back the rain tax was uncertain, with House Speaker Michael Busch (D) seen as a...

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April 14, 2015

Yesterday, Senator Marco Rubio (R-FL) announced his plans to run for the Presidency. One thing that sets him apart from the others that have announced so far is that he has a comparatively detailed tax plan that he released with Senator Mike Lee (R-UT). One of the advantages of that is we can really analyze the effects of what a Rubio tax plan would have on the economy and taxpayers.

His tax plan would make quite a few changes to the current code, but it’s easy to think of it as...

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April 13, 2015

Taxes are time consuming and expensive for small businesses in the United States.

Nearly a quarter of small business owners in the United States spend over 120 hours each year dealing with their federal taxes, according to the most recent survey by the National Small Business Association. That’s three work weeks spent dealing with federal taxes. Additionally, over half of small business owners spend...

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April 10, 2015

At times I really struggle to understand the way taxes are covered on Wonkblog, but a post yesterday, listing government handouts for the rich, reached a new level.

Some of the items listed seem like poor examples. (Do rich people really take lots of deductions for their gambling losses?) But the one that really threw me for a loop was the...

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April 10, 2015

Lots of news this week on sin taxes. Here’s what I’ve been reading:

  • Vocative reports that Colorado marijuana tax revenues are lower than expected. Originally projected to bring in $118 million, estimates have been revised to $69 million. Black markets and consumer tax avoidance are problems that policymakers should consider when examining such taxes, as we contended in ...
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April 10, 2015

Many Americans will be filing their tax returns next week. As Americans work on this, it's worthwhile for us to consider why tax complexity still matters. There was a kerfuffle last month over this subject; Senator Ted Cruz, who advocates a simpler tax system, pointed out that the tax code has more words than the Bible (which is true), and the Washington Post's fact checker column took the opportunity to...

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April 10, 2015

Good news! Hard copies of the 2015 edition of Facts and Figures: How Does Your State Compare? are now available for purchase for $5.00. Free copies are still available online in PDF or Excel formats.

Used daily by countless reporters, taxpayers, and legislators, this book is a one-stop data resource for state ...

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April 10, 2015

This week’s tax map shows state and local sales tax rates in each state as of January 1, 2015 and comes from our larger report on sales taxes released earlier this week. While consumers might be aware of the statewide sales tax rate, local sales taxes can differ widely, so our population-weighted average allows for comparability across states.

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April 09, 2015

Every once in a while we see blog posts from other tax research organizations, or even congressional offices, puzzled over the low collection of corporate taxes relative to GDP or relative to other tax revenues. Today we have another such post, from...

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April 07, 2015

The U.S. House of Representatives is expected to vote next week on a bill that would eliminate the estate tax.

Currently, the United States has the fourth highest estate or inheritance tax rate in the OECD at 40 percent—nearly three times the OECD simple average of 15 percent. Despite its...

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Subscribe to Tax Foundation - Tax Foundation's 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.

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