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The Tax Foundation is the nation’s leading independent tax policy nonprofit. Since 1937, our principled research, insightful analysis, and engaged experts have informed smarter tax policy at the federal, state, and global levels. For over 80 years, our goal has remained the same: to improve lives through tax policies that lead to greater economic growth and opportunity.
As the 2020 Democratic presidential campaigns gear up, our experts provide leading tax policy research and analysis on the latest proposals, including a wealth tax, a universal basic income, and a surtax on corporate profits.
Stay Informed on Tax Policy Research and Analysis
Who are the workers, consumers, and shareholders who interact with businesses in the U.S.? What forms do these businesses take? How do business taxes impact people’s lives? It is essential we answer these questions in order to design a business tax system that is simple, efficient, and enables economic progress.
Sen. Warren's “Real Corporate Profits Tax” would reduce after-tax income for taxpayers at all income levels and reduce the incentive to invest in the United States, resulting in a 1.9 percent smaller economy, 1.5 percent lower wages, and 454,000 fewer full-time jobs.
Who really bears the burden of federal taxes? Who benefits from credits and deductions and by how much? How progressive is our current tax system and what role do taxes play in the debate over income inequality?
Sen. Elizabeth Warren recently proposed a wealth tax on high-net-worth individuals, a type of tax that is poorly targeted, difficult to administer, and raises constitutional questions.
Due to a narrow tax base and a decrease in capital gains realizations, Congresswoman Ocasio-Cortez's plan to tax income above $10 million would not raise as much revenue as intended. See our 10-year revenue estimates.
The Tax Cuts and Jobs Act represents the most significant tax code overhaul in over three decades. Stay informed on what the new law changed and how exactly your wallet, your state, and the U.S. economy will be impacted.