![Colorado proposition 121 Colorado proposition FF Colorado income tax reduction or cut election results 2021 tax ballot measures Colorado proposition 119 Colorado proposition 120 Colorado proposition CC, Colorado TABOR, Colorado public education, Colorado education funding](https://taxfoundation.org/wp-content/uploads/2019/10/Colorado-capitol-3-e1570734931243-300x200.jpeg)
All Related Articles
![Colorado proposition 121 Colorado proposition FF Colorado income tax reduction or cut election results 2021 tax ballot measures Colorado proposition 119 Colorado proposition 120 Colorado proposition CC, Colorado TABOR, Colorado public education, Colorado education funding](https://taxfoundation.org/wp-content/uploads/2019/10/Colorado-capitol-3-e1570734931243-300x200.jpeg)
![Biden tax plan and analysis of Biden taxes Biden minimum tax on billionaires unrealized capital gains tax Biden tax proposals Biden taxes Biden tax plan Build Back Better inflation tax Biden inflation tax Top Tax Rate on Personal Income Would Be Highest in OECD under New Build Back Better Framework](https://taxfoundation.org/wp-content/uploads/2021/10/Washington-DC-White-House-skyline-e1634657027264-300x200.jpeg)
Funding for Democrats’ $3.5 Trillion Spending Plan Is Unstable and Unsustainable
One has to wonder how stable or sustainable the Democrats’ spending program can be if it must rely so heavily on the taxes paid by such a small number of taxpayers as in the top 1 percent.
4 min read![](https://taxfoundation.org/wp-content/uploads/2021/10/Louisiana-tax-reform-e1634834768922-300x225.jpeg)
Louisiana Voters Have Chance to Simplify Taxes and Lower Burdens
Passage of Louisiana Amendments 1 and 2, which are aimed at the sales tax and individual and corporate income taxes, respectively, would substantially simplify the Pelican State’s tax code and provide tax relief in both the short and long term.
8 min read![Israel income tax system, Taxes in Israel](https://taxfoundation.org/wp-content/uploads/2020/08/Tel-Aviv-Israel-300x225.jpg)
Movers and Shakers in the International Tax Competitiveness Index
The Index provides lessons for policymakers when they are thinking of ways to remove distortions from their tax systems and remain competitive against their peers. The further up a country moves on the Index, the more likely it is to have broader tax bases, relatively lower rates, and policies that are less distortionary to individual or business decisions. Going the other way reveals a policy preference for narrow tax bases, special tax policy tools, and rules that make it difficult for compliance.
5 min read![mark-to-market definition MTM tax New York Stock Exchange (NYSE) threatens to relocate servers over New Jersey financial transaction tax. Learn more about NJ financial transaction tax proposal.increasing taxes on capital gains, increasing capital gains taxes, increasing capital gains tax](https://taxfoundation.org/wp-content/uploads/2019/08/linkedin-In-Stream_Wide___finance-stock-market-trading-wall-street-financial-e1564765901421-300x158.jpeg)
![IRS reporting plan to require financial institutions to report inflows and outflows of bank accounts. IRS bank account proposal, IRS bank reporting, IRS audit bank account proposal from Biden Treasury, IRS reporting requirements](https://taxfoundation.org/wp-content/uploads/2021/10/Treasury-DC-e1634740803562-300x200.jpeg)
Proposal for Reporting Requirements for Financial Institutions Misses the Mark
Reducing the tax gap is a good idea, but the reporting requirements for financial institutions could be better-targeted at the problem at hand.
4 min read![Child Tax Credit debate Biden Democrats Child tax credit expansion, affect labor supply work requirement and incentive Manchin](https://taxfoundation.org/wp-content/uploads/2021/10/Capitol-3-e1634657259304-300x200.jpeg)
What’s Going on with the Child Tax Credit Debate?
President Biden expanded and fundamentally changed the Child Tax Credit (CTC) for one year in the American Rescue Plan (ARP) passed in March 2021. Policymakers are now deciding the future of the expansion as part of the proposed reconciliation package, but a wide range of estimates for the effects of a permanent expansion is confusing the debate.
7 min read![American Rescue Plan state tax cuts, American Rescue Plan tax cuts State Unemployment Compensation Trust Funds, Elizabeth Warren wealth tax, Some tax hikes are more damaging than others, according to Congressional Budget Office (CBO) and new Tax Foundation economic modeling.](https://taxfoundation.org/wp-content/uploads/2020/12/state-unemployment-compensation-trust-funds-money-funding-e1608303818823-300x200.jpeg)
As Inflation Rises, So Will Tax Bills in Many States
Inflation is often called a hidden tax, but in many states it yields a far more literal tax increase as tax brackets fail to adjust for changes in consumer purchasing power.
5 min read![2021 International Tax Competitiveness Index Rankings in Europe, 2021 Global Tax Competitiveness Rankings, 2021 Global Tax Rankings in OECD Global Tax](https://taxfoundation.org/wp-content/uploads/2021/10/ITCI-front-page-and-featured-image-2021-01-01-300x188.jpg)
International Tax Competitiveness Index 2021
A well-structured tax code (that’s both competitive and neutral) is easy for taxpayers to comply with and can promote economic development while raising sufficient revenue for a government’s priorities.
40 min read![Cell phone, Wireless consumers face excess Tax Burdens](https://taxfoundation.org/wp-content/uploads/2019/11/cell-phone-wireless-e1573501523250-300x200.jpg)
Wireless with Strings Attached
As of 2020, there were 448 million active cell phone and wireless plans in the U.S. than there were Americans. The taxes on those plans brought in approximately $11.3 billion and constituted a record 24.96 percent of the cost of an average cell phone bill. Explore why cellphone taxes are climbing, the places they’re the highest, the consumers they impact the most, and how things can be improved.