Trump Tariffs: The Economic Impact of the Trump Trade War
The tariffs amount to an average tax increase of nearly $1,300 per US household in 2025.
31 min read
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Short FormTax and Financial Illiteracy Are Costing Americans
The better we understand taxes, the better we can manage our finances, but it starts with familiarizing ourselves with basic tax concepts like how tax brackets work.
3 min read
Budget Reconciliation: Tracking the 2025 Trump Tax Cuts
On April 10, the House adopted the Senate’s amended version of the budget resolution, which allows $5.3 trillion in deficit-financed tax cuts.
8 min read
No Tax on Tips and Overtime Proposals Gain Steam Across States, but Remain a Bad Idea
The trend of tax exemptions on tips, overtime, and bonuses may sound like a win for workers, but it is a shortsighted fix with long-term drawbacks.
11 min read
How Much Revenue Can Tariffs Really Raise for the Federal Government?
Could tariffs, a form of government finance heavily relied upon in the 18th and 19th centuries, function as a major source of revenue for a modern, developed economy in the 21st century?
16 min read
Kansans May Finally Get a Low, Flat Income Tax
If adopted, these reforms would make Kansas’ tax code substantially more competitive while returning revenue growth to taxpayers in a fiscally responsible manner.
4 min read
Taxing Life Insurance
As Congress attempts to prevent the expiration of major Tax Cuts and Jobs Act provisions, it needs to find ways to pay for them. Ideally, it should use the least economically harmful means possible.
3 min read
Oregon Considers Decoupling from the Federal Tax Code
The proposed changes to federal tax code conformity in Oregon are a good example of a change that could significantly reshape the state’s tax code in the future, despite being framed as temporary technical adjustments.
4 min read
Estate, Inheritance, and Gift Taxes in Europe, 2025
Twenty-four out of the 35 European countries covered in this map currently levy estate, inheritance, or gift taxes.
3 min read
The Truth About Tariffs—Fact-Checking Trump’s Trade Claims
Do tariffs really level the playing field, or are they just bad economics? In this emergency episode, we fact-check the Trump administration’s claims that retaliatory tariffs make trade fairer.
Trump’s Reciprocal Tariff Calculations Are Nonsense, Will Punish Mutually Beneficial Trade
Despite characterizing the tariffs as “reciprocal,” the White House didn’t actually measure tariffs, currency manipulation, or trade barrier policies employed by other countries. Instead, it drew its estimates from something else entirely: bilateral trade deficits in goods.
7 min read
The Global Tax Deal, Tax Cuts, and Tariffs—5 Major Tax Debates
What are the biggest tax stories shaping policy today—and what do they mean for you? In our 100th episode, we break down the five biggest tax stories, from the global tax deal to the looming expiration of the Tax Cuts and Jobs Act.
How Will President Trump’s Tariffs Affect the Value of the Dollar?
President Trump has announced that new tariffs will go into effect on April 2, following several weeks of threats. These new tariffs are likely to be broader in scope than the limited ones implemented thus far. So who is likely to pay for them?
7 min read
A New State Payroll Tax Could Drive Jobs out of Washington
With a wealth tax, property tax increases, and this new payroll tax on the agenda, Washington lawmakers have reason to fear that many employers could be looking for the exits.
5 min read
Discrimination vs. Neutrality: A Case Study in the Middle of a Trade War
Policymakers should aim for neutral tax policies that support stable revenues like VATs and avoid inviting trade conflicts with discriminatory and economically harmful policies like DSTs.
6 min read
Indiana Mulls Local Income and Property Tax Reforms
This legislative session, local taxes are a major topic of debate in Indiana. Although the state’s property tax system is already nationally competitive, dramatic increases in assessed values have created discontent in recent years.
8 min read
Effects of the Federal Constitutional Court’s Judgment on Germany’s Solidarity Surtax
Surtaxes such as Germany’s solidarity surtax run counter to the principles of simplicity and transparency of the tax system because they impose an additional layer of tax on taxpayers and create a more complex tax structure that often obscures the actual tax burden.
4 min read
Maryland Shouldn’t Mandate Worldwide Combined Reporting Through the Backdoor
Maryland’s proposed budget has garnered headlines for many reasons, but another momentous change is flying under the radar: backdoor adoption of potentially mandatory worldwide combined reporting.
6 min read
Facts & Figures 2025: How Does Your State Compare?
Facts & Figures serves as a one-stop state tax data resource that compares all 50 states on over 40 measures of tax rates, collections, burdens, and more.
2 min read
Dividend Tax Rates in Europe, 2025
Many countries’ personal income tax systems tax various sources of individual income—including investment income such as dividends and capital gains.
4 min read