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![opportunity zone, opportunity fund, Cory Booker, Tim Scott 1](https://taxfoundation.org/wp-content/uploads/2019/05/Opportunity-zones-LINKEDIN-300x158.jpg)
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New Details on the Austrian Tax Reform Plan
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Anti-Base Erosion Provisions and Territorial Tax Systems in OECD Countries
The U.S. decision to adopt a territorial tax system is certainly an improvement over having a worldwide system. However, in moving to a territorial system some of the new features created with the TCJA increased the complexity of the system.
38 min read![Elizabeth Warren real corporate profits tax, Senator warren real corporate profits tax, elizabeth warren corporate tax proposal, Senator warren corporate tax proposal](https://taxfoundation.org/wp-content/uploads/2019/04/linkedin-In-Stream_Wide___elizabeth-warren-22-e1555533338764-300x158.jpg)
An Analysis of Senator Warren’s ‘Real Corporate Profits Tax’
Sen. Elizabeth Warren introduced a 7 percent surtax on corporate profits called the “Real Corporate Profits Tax.” We estimate that this tax would reduce the incentive to invest in the United States, and result in a 1.9 percent smaller economy, a 3.3 percent smaller capital stock, and 1.5 percent lower wages. The surtax would raise $872 billion between 2020 and 2029 on a conventional basis and $476 billion on a dynamic basis. The tax would make the tax code more progressive, but it would fall on taxpayers in every income group.
9 min read![capital gains taxes, high capital gains tax rates](https://taxfoundation.org/wp-content/uploads/2019/04/stock-buybacks-2-e1555355280519-300x200.jpeg)
An Overview of Capital Gains Taxes
Capital gains taxes create a burden on saving because they are an additional layer of taxes on a given dollar of income. The capital gains tax rate cannot be directly compared to individual income tax rates, because the additional layers of tax that apply to capital gains income must also be part of the discussion.
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The Alternative Minimum Tax Still Burdens Taxpayers with Compliance Costs
Although Congress intended the AMT to be a tax on wealthy taxpayers, for much of its history it has subjected middle-income taxpayers in high-tax states to heavy compliance burdens. TCJA reforms that have increased the AMT’s exemption and exemption phaseout threshold will shield some taxpayers from the AMT through 2025, but the number of taxpayers impacted will increase in 2026 when the TCJA’s individual income tax reforms expire.
14 min read![entrepreneurship, tax policy and entrepreneurship, entrepreneur taxes](https://taxfoundation.org/wp-content/uploads/2019/04/linkedin-In-Stream_Wide___innovation-entrepreneurship-e1554231053663-300x155.jpg)
Tax Policy and Entrepreneurship: A Framework for Analysis
A key element of America’s dynamism problem is a drop in entrepreneurship. Removing tax barriers for entrepreneurs would improve America’s dynamism while making America’s tax code more neutral, efficient, and simple for all taxpayers.
25 min readReforming Rental Car Excise Taxes
The growing number of options that travelers have for rental cars, including peer-to-peer car-sharing arrangements, is an opportunity for policymakers to revisit the policy rationale for these discriminatory taxes.
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