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A Wave of Digital Taxation EU digital tax

The One About Crypto

How should policymakers view crypto? How big is the issue of tax evasion in the cryptocurrency market and what can realistically be done to curb it? Is it possible to design a rational tax system around what, at times, can appear to be a less-than-rational market and, if so, what should it look like?

emergency savings accounts retirement savings accounts Build Back Better plan inflation Build Back Better plan deficit carbon tax reconciliation hr3 tax prescription drugs tax help pay for reconciliation, revenue for federal government retirement savings federal reform proposals SECURE Act Securing a Strong Retirement Act of 2021

Lawmakers’ Tax Rate to Help Pay for Reconciliation is 1,900 Percent

While the excise tax penalty in H.R. 3 is referred to as a 95 percent tax rate, it actually amounts to a 1,900 percent tax rate because of how the proposal defines the tax base. In other words, under the H.R. 3 tax penalty, a drug that sells for $100 would incur a $1,900 tax.

3 min read
EU excise duty on alcohol 2021 distilled spirits taxes in Europe. 2021 liquor taxes in Europe

Distilled Spirits Taxes in Europe

The highest excise duties are applied in Finland, Sweden, and Ireland, where the rates for a standard-size bottle of liquor are €14.10 ($16.08), €13.80 ($15.73), and €11.92 ($13.59), respectively.

1 min read
2021 wine taxes in Europe. Compare excise duty on wine, including germany wine tax, spain wine tax, and france wine tax

Wine Taxes in Europe

As one might expect, southern European countries that are well-known for their wines—such as France, Greece, Portugal, and Spain—either don’t tax it or do so at a very low rate. But travel north and you’ll see countries that tend to levy taxes on wine—and often hefty taxes.

2 min read
2021 beer taxes in europe. Beer excise tax rates in Europe. Compare tax on beer in Germany with tax on beer in Ireland on International Beer Day 2021

Beer Taxes in Europe

Finland has the highest excise tax on beer in Europe, followed by Ireland and the United Kingdom. Compare beer taxes in Europe this International Beer Day

2 min read
federal infrastructure investments and federal highway trust fund user fees regressive

How Did We Ever Agree to Fund Infrastructure Investments?

As lawmakers explore funding mechanisms for additional federal infrastructure investment, they should focus on permanent, sustainable, and transparent revenue options that conform to the benefit principle. Permanent user fees, appropriately adjusted to restore and maintain their purchasing power, would serve as ideal revenue sources for federal infrastructure investments.

5 min read
2021 gas tax rates and 2021 state gas tax rankings. How much is gas tax rates in each state. Which state has the highest gas tax rate.

How High are Gas Taxes in Your State?

California pumps out the highest state gas tax rate of 66.98 cents per gallon, followed by Illinois (59.56 cpg), Pennsylvania (58.7 cpg), and New Jersey (50.7 cpg).

2 min read
digital streaming services tax cutting cable

Cutting the Cord from Cable Has States Courting New Revenue Streams

If states wish to tax digital streaming and download services, they should do it the right way, by including them in their sales tax base—preferably as part of broader reforms paired with commensurate rate reductions—rather than inventing new excise taxes or shoehorning taxation of the new economy into outdated statutes.

4 min read
Schumer marijuana bill recreational marijuana tax revenue by state

New Tax in Town? Federal Proposal to Deschedule and Tax Marijuana

Senate Majority Leader Chuck Schumer (D), Senate Finance Committee Chairman Ron Wyden (D), and Sen. Cory Booker (D) released their discussion draft—the Cannabis Administration and Opportunity Act—for federal descheduling of marijuana. While federal descheduling impacts all states, it does not deschedule marijuana in states which choose to keep their own ban.

6 min read
2021 state beer excise tax rates. Compare 2021 state beer taxes (2021 state beer tax rates)

How High Are Beer Taxes in Your State?

2021 state beer excise tax rates vary widely: as low as $0.02 per gallon in Wyoming and as high as $1.29 per gallon in Tennessee. Missouri and Wisconsin tie for second lowest at $0.06 per gallon, and Alaska is second highest with its $1.07 per gallon tax.

2 min read