Politics Is Showing That People Will Give Generously, Without a Tax Deduction
As lawmakers look to renew or revise the 2017 tax cuts that expire next year, they should reconsider the need for a charitable tax deduction in the tax code.
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Excise Taxes and Fees on Wireless Services Increased 8.8 Percent in 2024
Wireless taxes and fees set a new record high in 2024.
23 min read
Harris’s Proposed Capital Gains Tax Rate Would Be Highest for Many Since 1978
As part of the 2024 presidential campaign, Vice President Kamala Harris is proposing to tax long-term capital gains at a top rate of 33 percent for high earners, taking the top federal rate to highs not seen since the 1970s.
3 min read
Bob Stack Unpacks US Challenges in Global Tax
Bob Stack, an international tax expert, explores the implications of the EU’s adoption of Pillar Two and the potential for streamlining overlapping policies. He also addresses the issues that the US faces in global tax policy with the upcoming elections.
Statutory vs. Effective Tax Rates: Why Do Higher Taxes Not Necessarily Lead to Increased Revenues?
The gap between statutory rates and average effective tax rates for personal income tax in the European Union varies significantly, affecting the efficiency and simplicity of the tax system.
32 min read
Online Sports Betting Taxes by State, 2024
Legal sports betting has grown rapidly since the Supreme Court granted states the ability to establish online sports betting markets in Murphy vs. NCAA in 2018.
3 min read
Oregon Measure 118 Is an Aggressive Sales Tax—and Worse
Oregon’s Measure 118, though presented as a tax on big business, would function as an aggressive sales tax on consumers.
7 min read
Trump’s “No Tax on Overtime Pay” Proposal Would Distort Work Decisions
Exempting overtime would unnecessarily complicate the tax code, increase compliance and administrative costs, and reduce neutrality by favoring certain work arrangements over others.
5 min read
Wyoming Voters to Consider Property Tax Changes, but Sound Property Tax Relief Is Not on the Ballot
Nationwide, property owners have experienced surges in valuations and are demanding tax relief. Lawmakers are right to find ways to provide it, but should do so with sound tax principles in mind.
5 min read
Testimony: Lessons for the 2025 Tax Policy Debate
The stakes for next year’s expiring tax provisions are quite high. If Congress does nothing, then 62 percent of households will see their taxes go up in January of 2026.