Video: Tax Reform Is More Than Just the Rate
Tax policy is almost always a balancing act between the tax rate – how much someone pays – and the tax base – who or what is being taxed.
Tax policy is almost always a balancing act between the tax rate – how much someone pays – and the tax base – who or what is being taxed.
The new GOP Congress will have to decide how to tackle the looming expiration of 2017’s Tax Cuts and Jobs Act.
In addition to the federal estate tax, with a top rate of 40 percent, 12 states and DC impose additional estate taxes, while six states levy inheritance taxes.
7 min readPresident-elect Trump may want to impose tariffs to encourage investment and work, but his strategy will backfire. Tariffs will certainly create benefits for protected industries, but those benefits come at the expense of consumers and other industries throughout the economy.
5 min readSpain’s central government could learn some valuable lessons from its regional governments and other European countries about sound tax policy.
7 min readJoin hosts Kyle Hulehan and Erica York in this episode of The Deduction as they break down the US tax policy implications of Donald Trump’s next presidential term.
Over 500 million premium cigars were sold in the United States in 2023. With each sale comes a complex tax landscape.
4 min readA new Treasury study provides data showing that the rich not only pay more than the middle class, they pay more than one-third of their annual income in federal taxes and more than 45 percent when state and local taxes are included.
7 min readArtificial intelligence has become an increasingly salient issue for governments. In Europe, the AI question already has turned from how we can embrace it to how we can tax it.
Lawmakers will need to pursue fiscal responsibility as they address the tax law expirations, but fiscal responsibility requires finding sound ways to pay for spending priorities. Tariffs don’t make the cut.
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