![The Impact of High Inflation on Tax Revenues across Europe](https://taxfoundation.org/wp-content/uploads/2024/06/AdobeStock_522977445-300x200.jpeg)
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![TaxEDU glossary](https://taxfoundation.org/wp-content/uploads/2023/06/TaxEDU_generic-FV-01-300x141.png)
Case Study: Average vs. Marginal Tax Rates
A graduated rate income tax system results in a taxpayer’s effective income tax rate, or the percentage of their income paid in taxes, increasing as their income increases. Learn about the difference between average and marginal tax rates and how each impacts taxpayers’ liability and the economy.
![TaxEDU glossary](https://taxfoundation.org/wp-content/uploads/2023/06/TaxEDU_generic-FV-01-300x141.png)
Case Study: Cutting Corporate Taxes
The corporate income tax is levied by federal and state governments on business profits. State-level corporate income tax rates vary across the country. Learn about the effects of reduction and elimination of corporate income taxes and the economic result by comparing examples from North Carolina and Ohio
![TaxEDU glossary](https://taxfoundation.org/wp-content/uploads/2023/06/TaxEDU_generic-FV-01-300x141.png)
Case Study: Global Tax Deal
What is the OECD Global Tax Deal and what impact will it have on U.S. and foreign multinationals? Learn about the OECD’s efforts to prevent companies from shifting profits—including Pillar 1, which is focused on changing where companies pay taxes, and Pillar 2, which would establish a global minimum tax.
![TaxEDU glossary](https://taxfoundation.org/wp-content/uploads/2023/06/TaxEDU_generic-FV-01-300x141.png)
Case Study: Sales Taxes vs. Excise Taxes
Excise taxes are imposed on a specific good or activity, such as cigarettes, alcohol, and fuel. Because of their narrow base, excise taxes distort production and consumption choices. Sometimes this distortion is by design. Compare the effects of sales taxes and tobacco excise taxes with real policy examples.
![TaxEDU glossary](https://taxfoundation.org/wp-content/uploads/2023/06/TaxEDU_generic-FV-01-300x141.png)
Case Study: Taxing a New Industry
More states are contemplating the tradeoffs associated with legalizing recreational marijuana and taxing it to obtain a new stream of revenue. In fact, a key point when legalizing recreational marijuana is tax design. Most states that currently allow and tax sales have opted for a price-based (ad valorem) excise tax and levy the general sales tax on recreational marijuana sales.
![What is the Child Tax Credit?](https://taxfoundation.org/wp-content/uploads/2020/04/TF-FF705_figure_2-300x216.png)
![The Surprising Regressivity of Grocery Tax Exemptions See sales tax grocery tax exemptions and grocery tax credit](https://taxfoundation.org/wp-content/uploads/2022/04/grocery-TWITTER-300x150.jpg)
Clean Up on the Grocery Tax Aisle
Amidst soaring inflation, policymakers across the political spectrum proposed many ideas to soften the blow of higher prices–especially for low-income workers and families. One idea that caught on quickly: sales tax relief on groceries. The idea had its merits, but Tax Foundation research shows that it may have missed the mark.
![](https://taxfoundation.org/wp-content/uploads/2017/01/carbon-tax-300x206.png)
Clearing up Carbon Taxes
Amidst bipartisan climate negotiations on Capitol Hill, there have been renewed calls for a carbon tax. Carbon taxes have long been magnets for political controversy. But from an economic standpoint, they deserve to be taken seriously. Here’s why.