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Sources of Government Revenue in the OECD, 2024

Designing tax policy in a way that sustainably finances government activities while minimizing distortions is important for supporting a productive economy.

A Chicago “Mansion Tax” Would Hurt Small Businesses, Customers, Employees, and Renters

The “Bring Chicago Home” ballot measure would make Chicago’s tax structure substantially less neutral by raising taxes on some property transfers while decreasing taxes on others.

Tax Foundation Response to UN Request for Public Input on a Framework Convention on International Tax Cooperation

The global economy needs policymakers who are invested in seeing growth recover and avoiding unnecessary barriers to cross-border trade and investment. The challenges countries face will become even more difficult to solve in a stagnant global economy.

Property and Transfer Tax: If It Moves, Stop Taxing It.

Portugal’s turnover tax on real property transfers places a serious drag on economic growth by making it harder for people to relocate for better jobs and living conditions while constraining investment into the development of housing and buildings.

The Shortcomings of Nebraska’s EPIC Option

Caitlin Clark Pays Income Taxes on NIL. It’s Time to Tax the NCAA, too.

If student athletes are taxed on their earnings, it’s time the NCAA should be taxed on theirs.  

Summary of the Latest Federal Income Tax Data, 2024 Update

The 2021 tax year was the fourth since the Tax Cuts and Jobs Act (TCJA) made many significant, but temporary, changes to the individual income tax code to lower tax rates, widen brackets, increase the standard deduction and child tax credit, and more.

Taxes and Migration: New Evidence from Academic Research

Do taxes affect individuals’ decisions regarding where to live and work? Can high taxes cause the outmigration of wealthy individuals?

Tax Calculator: How the TCJA’s Expiration Will Affect You

Unless Congress acts, Americans are in for a tax hike in 2026.

Capital Gains Tax Rates in Europe, 2024

In many European countries, investment income, such as dividends and capital gains, is taxed at a different rate than wage income.

Evaluating the Proposed Tax Changes in Illinois Governor’s FY 2025 Budget

In his FY 2025 budget, Illinois Gov. Pritzker outlined a number of proposed tax changes, including to individual and corporate income taxes, state sales taxes, and sports betting excise taxes.

Maryland Proposes a Lower Tax Category for Ready-to-Drink Cocktails

A tax based on alcohol content would be the most neutral, straightforward means of raising revenue from alcohol. But since such a tax would constitute a redesign of the entire alcohol tax system at both the state and federal levels, the next best approach is to create more categories for new products.

Tax Cuts and Jobs Act, Inflation Reduction Act, CHIPS Act: Comparing and Contrasting the New Industrial Policy

While the approaches differ, they share a reliance on similar linkages: new capital investment drives productivity growth, which grows the economy and raises wages for workers.

Testimony: The OECD’s Pillar One Project and the Future of Digital Services Taxes

If a multilateral solution to remove digital services taxes (DSTs) is not agreed to, then DSTs will continue to spread and mutate with negative impacts on some of the most innovative companies in the world.

U.S. Must Fix R&D Treatment to Compete with China

Though providing permanent R&D expensing alone would not be a China-competition magic bullet, it is a no-brainer place to start. In this technological race, we should first make sure we have not tied our own shoes together.

Vermont Lawmakers Consider Harmful Taxes on the Wealthy

Vermont lawmakers are considering the adoption of two new taxes on high earners, which proponents have branded “wealth taxes.”

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March 5, 2024May 1, 2024

Why Your Tax Refund Is Nothing to Celebrate

Don’t be fooled by tax myths and misconceptions this tax filing season.

Tangible Personal Property De Minimis Exemptions by State, 2024

Does your state have a small business exemption for machinery and equipment?

Portugal’s Corporate Taxes Stifle Investment and Economic Growth

Portugal has the second highest top corporate tax rate in the OECD at 31.5 percent, including multiple top-up taxes. Unlike most OECD countries, Portugal imposes a highly progressive tax structure on corporate income.

Virginia Considers Expanding Its Sales Tax Base to B2B Digital Services

Expanding Virginia’s sales tax base to include B2B digital transactions could lead to tax pyramiding, hide the true cost of government, and make the sales tax system much less neutral and transparent.