Historical US Federal Corporate Income Tax Rates & Brackets, 1909-2025
How do current federal corporate tax rates and brackets compare historically?
1 min read
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CBO and JCT Preview Economic Analysis of Extending TCJA
The analysis provides key insights into how their models work and the sort of outputs we can expect from their models as part of next year’s tax debate.
8 min read
State Tax Changes Taking Effect January 1, 2025
Thirty-nine states will begin 2025 with notable tax changes, including nine states cutting individual income taxes. Recent years have seen a wave of significant tax reforms, and the changes scheduled for 2025 show that these efforts have not let up.
25 min read
Testimony: Alternatives to Tariffs to Boost US Competitiveness
While tariffs are often presented as tools to enhance US competitiveness, a long history of evidence and recent experience shows they lead to increased costs for consumers and unprotected producers and harmful retaliation, which outweighs the benefits afforded to protected industries.
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Short FormAre Tariffs the Ghost of Christmas Future?
The holiday season is marked by time with friends and family, joy, and gift-giving. But could tax policy make the sticker shock from your shopping list next year tariff-ying?
4 min read
National Tax Literacy Poll: Assessing Taxpayer Knowledge and Perceptions of the US Tax System
Taxes and their broader impact are generally overlooked in American education. Taxes influence earnings, budgets, voting, and decisions on where to live, but do American taxpayers understand the US tax system?
25 min read
Corporate Tax Rates Around the World, 2024
The worldwide average statutory corporate tax rate has consistently decreased since 1980 but has leveled off in recent years. In the US, the 2017 Tax Cuts and Jobs Act brought the country’s statutory corporate income tax rate from the fourth highest in the world closer to the middle of the distribution.
18 min read
Behind the Numbers: Budget Shenanigans and the National Debt
What happens to your taxes when the Tax Cuts and Jobs Act expires on January 1, 2026? In this episode, we explore the potential tax hikes facing millions of Americans and the debate over measuring the budgetary impacts of extending tax cuts.
Republicans Have a Chance to Empty the Attic in Upcoming Tax Debate
As we prepare for the tax code’s “move,” it’s time to start cleaning out the proverbial attic of our messy system. For the sake of our economy, moves toward growth must win the day.
Purchasing Power: The Real Value of $100 by Metropolitan Area, 2024
Many policies, such as minimum wage levels, tax brackets, and means-tested public benefit income thresholds, are denominated in nominal dollars, even though a dollar in one region may go much further than a dollar in another. Lawmakers should keep that reality in mind as they make changes to tax and economic policies.
6 min read
Bets on Legal Sports Markets Pay Off Big for States, Sportsbooks, and Consumers
Consumers legally wagered more than $100 billion on sporting contests in 2023, creating more than $1.8 billion in state revenue. Sports betting is now legal in 38 states and DC, and the landscape is rapidly evolving.
18 min read
Louisiana Now Boasts a More Competitive and Pro-Growth Tax Code
Lawmakers will enter the 2025 fiscal legislative session with an opportunity to build on the successes of the November special session. Efforts should include addressing the outstanding issues within the corporate and sales tax codes that currently hold the state back.
7 min read
All About That Base(line)
If lawmakers are serious about pro-growth policies and fiscal responsibility, they will need to put policies forward that achieve those goals. Simply adjusting the baseline doesn’t reduce actual deficits in the coming years.
7 min read
Tax Competitiveness and Interstate Migration
Recent data suggest that tax competitiveness plays a significant role in residents’ relocation decisions.
3 min read
Out-Competing China Starts With The Tax Code
Tariffs are almost always the main issue connecting the tax reform debate with strategic competition with China. However, some provisions of the 2017 Tax Cuts and Jobs Act (TCJA) should get some of that attention, especially the 100 percent bonus depreciation and the research and development (R&D) amortization.
Trump and the Next Congress Should Ensure the Tax Code Continues to Help Small Businesses
“Full expensing” may not sound like the most exciting policy, but it’s the strongest tool in our tax code to help our small businesses.
Trump’s DOGE Must Do More Than Make Big Government More Efficient
The US government’s $6.8 trillion budget is larger than the GDPs of Germany and Japan. Its roughly $2 trillion annual deficit is larger than the GDP of Mexico. And it has 441 agencies that employ more than 2.8 million civilian employees.
Integrated Tax Rates on Corporate Income in Europe, 2024
In most European OECD countries, corporate income is taxed twice, once at the entity level and once at the shareholder level.
4 min read
Summary of the Latest Federal Income Tax Data, 2025 Update
New IRS data shows the US federal income tax system continues to be progressive as high-income taxpayers pay the highest average income tax rates. Average tax rates for all income groups remain lower after the Tax Cuts and Jobs Act (TCJA).
6 min read
Alabama Expands Tax-Free Overtime Eligibility, but Should Repeal Entire Exemption
Tax reform in Alabama is desirable and very possible. However, the overtime exemption, which complicates the tax code, reduces neutrality, and adds to compliance and reporting costs, is not a good example.
4 min read