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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.

Unpacking the Impact of TCJA, IRA, and CHIPS on the U.S. Economy

We’re examining the differences between the broad incentives provided by the Tax Cuts and Jobs Act and the targeted approach of the Inflation Reduction Act and the CHIPS and Science Act. 

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.