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Donald Trump tax proposals regarding replacing the income tax with tariffs, exempting taxes on tips, and corporate income tax cut

Five Things To Know About Trump’s Income Tax and Tariff Idea

President Trump has repeatedly floated the idea of entirely replacing the federal income tax with new tariffs. Recently, he has said that when tariff revenues come in, he will use them to replace or substantially cut income taxes for people making under $200,000.

8 min read

North Carolina Should Refine Its Tax Reduction Triggers

By implementing a more sophisticated and nuanced trigger system for its tax reduction goals, North Carolina can sustain its trajectory toward lower tax rates, reinforce its reputation as a business-friendly state, and ensure long-term fiscal stability in an ever-changing economic landscape.

4 min read
Intoxicating Hemp Tax Treatment and Policy Reform Options for THC

Tax Treatment of Hemp and Other Intoxicants

Hemp, intoxicating or otherwise, is a growing market that needs to be addressed with tax policy. A well-designed tax will generate tax revenues for states while improving public health by shifting consumers away from illicit markets.

5 min read
digital services taxation in europe, dst vs vat, donald trump trade war

Tax Foundation Europe: Fiscal Forum

Tax Foundation Europe’s Fiscal Forum convenes today’s leading experts and academics to explore varying perspectives on the the most pressing tax policy topics across Europe.