Data

Cigarette Taxes and Cigarette Smuggling by State, 2021

People respond to incentives. As tax rates increase or products are banned from sale, consumers and producers search for ways around these penalties and restrictions.

State and Local Tax Collections by State, 2023

Contrary to initial expectations, the pandemic years were good for state and local tax collections, and while the surges of 2021 and 2022 have not continued into calendar year 2023, revenues remain robust in most states and well above pre-pandemic levels even after accounting for inflation.

Comparing Europe’s Tax Systems: Individual Taxes

Estonia has the most competitive individual tax system in the OECD for the 10th consecutive year.

2024 Tax Brackets

Explore the IRS inflation-adjusted 2024 tax brackets, for which taxpayers will file tax returns in early 2025.

Taxes and Interstate Migration: 2023 Update

The latest IRS and Census data show that people and businesses favor states with low and structurally sound tax systems, which can impact the state’s economic growth and governmental coffers.

Excise Taxes and Fees on Wireless Services Drop Slightly in 2023

To alleviate the regressive impact on wireless consumers, states should examine their existing communications tax structures and consider policies that transition their tax systems away from narrowly based wireless taxes and toward broad-based tax sources.

Comparing Europe’s Tax Systems: Corporate Taxes

According to the corporate tax component of the 2023 International Tax Competitiveness Index, Latvia and Estonia have the best corporate tax systems in the OECD.

Real Property Taxes in Europe, 2023

High property taxes levied not only on land but also on buildings and structures can discourage investment in infrastructure, which businesses would have to pay additional tax on.

Estate and Inheritance Taxes by State, 2023

In addition to the federal estate tax, with a top rate of 40 percent, some states levy an additional estate or inheritance tax.

Cigarette Taxes in Europe, 2023

Real Value of $100 by Metropolitan Area, 2021

The differences in purchasing power can be large and they have significant implications for the relative impact of economic and tax policies across the United States.

Beer Taxes in Europe, 2023

As Oktoberfest celebrations kick off around the world, let’s look at how much tax European Union (EU) countries add to the world’s favorite alcoholic beverage.

County Data Shows Repealing SALT Cap Would Benefit High-Income Earners

Any move to repeal the cap or enhance the deduction would disproportionately benefit higher earners, making the tax code more regressive.

Property Taxes by State and County, 2023

Property taxes are the primary tool for financing local governments and generate a significant share of state and local revenues.

Carbon Taxes in Europe, 2023

In recent years, several countries have taken measures to reduce carbon emissions, including instituting environmental regulations, emissions trading systems, and carbon taxes. In 1990, Finland was the world’s first country to introduce a carbon tax.

Vaping Taxes by State, 2023

If the policy goal of taxing cigarettes is to encourage cessation, vapor taxation must be considered a part of that policy design.

Net Operating Loss Carryforward and Carryback Provisions in Europe, 2023

Carryover tax provisions help businesses “smooth” their risk and income, making the tax code more neutral across investments and over time.

Summary of the Tax Credits Claimed on the Form 1040, Tax Year 2020

In tax year 2020, taxpayers claimed more than 159 million tax credits on their individual income tax returns worth a total of more than $277 billion. That was an increase of $35.3 billion from tax year 2019, largely due to an influx of pandemic relief administered through the tax code in 2020.

Gas Taxes by State, 2023

California pumps out the highest state gas tax rate of 77.9 cents per gallon (cpg), followed by Illinois (66.5 cpg) and Pennsylvania (62.2 cpg).

Patent Box Regimes in Europe, 2023

The aim of patent boxes is generally to encourage and attract local research and development (R&D) and to incentivize businesses to locate IP in the country. However, patent boxes can introduce another level of complexity to a tax system, and some recent research questions whether patent boxes are actually effective in driving innovation.