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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

6178 Results
more business income is reported on individual tax returns than corporate returns, pass-through business income, business tax returns, corporate tax returns

Corporate and Pass-through Business Income and Returns Since 1980

More business income is reported on individual tax returns than corporate returns. The U.S. now has fewer corporations and more individually owned businesses. Corporations make up less than 5 percent of businesses but earn 60 percent of revenues.

3 min read
Augusta Exemption: Rental Income & The Masters Tax Exemption Masters golf tournament, Masters tax exemption Augusta National Golf, A tradition unlike any other

A Tradition Unlike Any Other: The Masters Tax Exemption

Augusta National Golf Club is famous for more than green jackets and pimento cheese sandwiches—legend has it that it’s the impetus for one of the tax code’s many exemptions.

3 min read