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Tax Policy Blog

Stay informed with quick and accessible analysis of today's top tax policy topics. Read Tax Foundation's Tax Policy Blog for insight from our experts on tax policies across the U.S. and abroad.

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Blog Articles

6142 Results
Tax treatment of Social Security benefits remains a confusing matter for taxpayers Social Security cost of living adjustment Social Security tax

Tax Treatment of Social Security Benefits Remains a Confusing Matter for Taxpayers

The Social Security Administration (SSA) announced the cost-of-living adjustment for Social Security payments based on inflation over the previous year. This has brought renewed attention to how the tax code treats Social Security benefits, which can be a confusing subject for taxpayers.

3 min read
state tax inflation response like state tax rebates and tax holidays to combat inflation Federal tax collections inflation surging 2022

Inflation Is Surging, So Are Federal Tax Collections

Federal tax collections are approaching the highest levels in U.S. history set during World War II and again during the dot-com bubble in 2000. Meanwhile, federal spending in FY 2022 was over 25 percent of GDP—a level only exceeded during the height of the pandemic in 2020 and 2021, and during World War II.

3 min read
Junk fees ban from the FTC Biden tax hike proposals live on Build Back Better Inflation Reduction Act Biden tax rates

Tax Hike Proposals Live on Despite Being Dropped in the Inflation Reduction Act

President Biden proposed a 7-point hike in the corporate tax rate to 28 percent, a new minimum book tax on corporate profits, and higher taxes on international activity. We estimated these proposals would reduce the size of the economy (GDP) by 1.6 percent over the long run and eliminate 542,000 jobs.

6 min read
Tyreek Hill taxes Tyreek hill state taxes and tax liability NFL federal tax on sports betting, excise tax on sports betting. BILL TO REPEAL EXCISE TAX ON LEGAL SPORTS BETS, Rep. Dina Titus (D-NV) and Rep. Guy Reschenthaler (R-PA) Super bowl sports betting. States Positioned for a Super Bowl Win with New Taxes on Sports Betting. The American Gaming Association estimates that Americans will wager a total of $4.3 billion on the highly anticipated matchup of the defending champion Kansas City Chiefs vs. the Tampa Bay Buccaneers in Tampa.

Tyreek Hill’s Tax Liability with Every NFL Franchise

When NFL star wide receiver Tyreek Hill weighed offers from the New York Jets and the Miami Dolphins, no doubt there was a lot on his mind. But one consideration towered over the rest, at least according to Hill himself: signing with the Jets “was very close to happening,” but “those state taxes man. I had to make a grown-up decision.”

7 min read
wealth inequality trends cbo bernie sanders wealth gap social security benefits

Focusing on Wealth Inequality Is Counterproductive

While there is more we can do to encourage lower- and middle-class households to save more and build wealth, a closer, more comprehensive look at the data and trends in other countries suggests that America’s wealth gap is not as alarming as some may think.

5 min read
Who pays inflation tax explore inflation causes like debt and money creation and inflation effects

The “Inflation Tax” Is Regressive

A new CBO report reveals that lower- and middle-income households are disproportionately shouldering the burden of this current inflation wave. And historical analysis suggests there is much more to come.

5 min read
Inflation Reduction Act energy tax increases methane emissions superfund tax and coal taxes methane emissions and methane fee natural gas

The Sticks: Inflation Reduction Act’s Energy-Related Tax Increases

The Inflation Reduction Act primarily uses carrots, not sticks, to incentivize reductions in carbon emissions. It creates or expands tax credits for various low- or no-emission technologies, rather than imposing a generalized penalty for emissions, such as a carbon tax.

5 min read
Next UK Prime Minister Election or UK Conservative Party or Tory Leadership Election between Rishi Sunak tax policies and and Liz Truss tax policies

Taxes and the UK’s new Prime Minister

In an already-challenging economic environment, new UK Prime Minister Liz Truss must get tax rates correct to avoid over-burdening a population and business sector facing immense uncertainty. Focusing only on rates while ignoring the base misses an opportunity for real, pro-growth reform.

4 min read
Idaho flat income tax reform Idaho flat tax Idaho income tax reform Idaho to Consider Flat Tax in Special Session

Idaho to Consider Flat Income Tax in Special Session

As Idaho attempts to further solidify its position as a growth-oriented, taxpayer-friendly state this special session, other states should look to its example and pursue similar reforms.

6 min read
New Mexico business tax climate ranking New Mexico business tax reform New Mexico tax reform

New Mexico and the Question of Tax Competitiveness

Every change to a state’s tax system makes its business tax climate more or less competitive compared to other states and makes the state more or less attractive to business.

7 min read