Trump Tariffs: Tracking the Economic Impact of the Trump Trade War
The Trump tariffs amount to an average tax increase of nearly $1,300 per US household in 2025 and over $1,600 per US household in 2026.
39 min read
Latest Work
Capital Allowances in Europe, 2025
Although sometimes overlooked in discussions about corporate taxation, capital allowances play an important role in a country’s corporate tax base and can impact investment decisions—with far-reaching economic consequences.
6 min read
Trump Tariffs Will Raise the Cost of Food for Americans
The Trump tariffs will likely raise the cost of food for Americans, particularly for liqueurs and spirits, baked goods, coffee, fish, and beer.
4 min read
The Future of BEAT
Even when international relations are frayed, there is value in finding ways to combat corporate profit shifting while also fostering a healthy commercial atmosphere and positive trade relations.
7 min read
One US Tax Policy OECD Countries Should Copy
Rather than adopt temporary policies that phase out and expire, policymakers should focus their efforts on long-term reforms to support investment.
7 min read
FAQ: The One Big Beautiful Bill Act Tax Changes
Our experts explain how this major tax legislation may affect you and how policymakers can better improve the tax code.
24 min readSales Tax Holidays by State, 2025
16 min readFeatured Work
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2025 State Tax Competitiveness Index
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International Tax Competitiveness Index 2024
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2024 European Tax Policy Scorecard
55 min read -
How to Rein in the National Debt
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Risks to the US Tax Base from Pillar Two
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Popular Data
2025 Tax Brackets
Facts & Figures 2025: How Does Your State Compare?
Summary of the Latest Federal Income Tax Data, 2025 Update
State and Local Sales Tax Rates, Midyear 2025
State Individual Income Tax Rates and Brackets, 2025
Corporate Tax Rates Around the World, 2024
Top Personal Income Tax Rates in Europe, 2025
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ExpertSean Bray
Vice President of Global Projects at Tax Foundation and Policy Director of Tax Foundation Europe -
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Understand the terms of the debate with our comprehensive glossary, including over 100 tax terms and concepts.
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Our primers are classroom-ready resources for understanding key concepts in tax policy.
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Commentary
See All CommentaryWill Trump Accounts Actually Help Families Save?
Who are Trump Accounts really for, and will they actually help families save? With yet another savings vehicle added to an already confusing system, do these accounts solve a real problem—or just add more complexity?
Washington Commanders Stadium Subsidy Is a Billion-Dollar Fumble
This past spring, DC taxpayers were sidelined when the Washington Commanders announced that city aid would help fund a new stadium on the site of the vacant RFK Stadium. The $4 billion deal will be offset by a staggering $1.15 billion in public revenue.
Trump’s Next Task Is Turning ‘Beautiful Bill’ Into Economic Boon
The administration has a strong desire to boost manufacturing investment and there are many provisions in the new tax bill that support this aim. But the administration’s erratic trade policy is driving up the costs of key inputs that manufacturers rely on to build things in the US.
The One Big Beautiful Bill Is Law—Now What?
The One Big Beautiful Bill is now law—but what does it actually do? In this episode, we break down the new tax law’s key provisions, including who benefits, who doesn’t, and what it means for the economy, tax certainty, and the federal deficit.
Global Minimum Tax Battles Put Emerging Economies in Crossfire
President Trump made clear that the US wouldn’t accept the global minimum tax (known as Pillar Two) from the OECD in its current form.
Response to OECD Consultation on BEPS 1.0
The BEPS project’s 15 actions were decisive responses to real problems in cross-border taxation, offering real benefits but also real costs. A decade of implementation experience has revealed a critical side effect: sharply higher compliance costs for both tax administrations and the business community.
Big, Beautiful Bill Will Raise Both Growth and Deficits
The One Big Beautiful Tax Bill: What’s In It, What’s Out
New Jersey Taxpayers Deserve Tax Relief
Breaking Down the Senior Deduction in the One, Big, Beautiful Bill
Trump’s Policies Deal a Double Blow to Tax-Cutting States
Rhode Island Should Not Imitate Massachusetts’ Tax Mistakes