Individual and Consumption Taxes

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.

Federal Deficit Grew to $2 Trillion in FY 2023

Outside of the pandemic years, this year’s federal deficit is the highest in U.S. history. While tax revenue has increased about 28 percent since the pre-pandemic year 2019, spending has increased about 46 percent. Annual deficits are headed towards $3 trillion over the next few years.

How Taxing Consumption Would Improve Long-Term Opportunity and Well-Being for Families and Children

Income taxes impose steeper economic costs, and often steeper administrative and compliance costs, than consumption taxes. Moving to a consumption tax would end the tax bias against saving and investment and provide an opportunity to greatly simplify anti-poverty programs embedded in the tax code.

Nikki Haley’s Plan to Eliminate the Federal Gas Tax Would Be a Mistake

At the most recent Republican primary debate, former governor and United Nations ambassador Nikki Haley (R-SC) proposed eliminating the federal gas tax to lower fuel prices for consumers.

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.

Nonprofits are Financially Healthy and Doing Big Business

Can an organization rightfully be called a “nonprofit” if it almost always makes money? And what if most of that organization’s income comes from “business income,” should it legitimately be considered a “charity”?

The Future of Arkansas Tax Reform: Next Steps on the Road Map to Competitiveness

Responsible pro-growth reforms to Arkansas’s tax code can help ensure that the Natural State is indeed a Land of Opportunity.

2023 Spanish Regional Tax Competitiveness Index

The 2023 Spanish Regional Tax Competitiveness Index allows policymakers and taxpayers to evaluate and measure how their regions’ tax systems compare.

It Pays to Keep It Simple

Simplicity in the tax code means taxes should be easy for taxpayers to pay and easy for governments to administer and collect.

Cigarette Taxes in Europe, 2023

Tax Trends in European Countries

In recent years, European countries have undertaken a series of tax reforms designed to maintain tax revenue levels while protecting households and businesses from high inflation.

Labor Share of Net Income is Within Its Historical Range

As increased political attention focuses on the state of the American worker, expect to see a resurgence of the argument that the labor share of income is in decline.

USITC Report Highlights Trade-Offs of Using Tariffs

The assessment of the tariffs President-elect Donald Trump imposed in 2018 and 2019 is clear: the policies have had a negative effect on American’s welfare.

A Guide to the Fossil Fuel Provisions of the Biden Budget

One prominent feature of President Biden’s agenda on the environment is to target U.S. fossil fuel producers and production with nearly $97 billion in tax increases over the next decade.

Real Value of $100 by Metropolitan Area, 2023

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.

How Are Electric Vehicles Taxed in Your State?

The state EV taxation landscape reflects the evolving transportation sector and the pressing need to address both fiscal gaps in road funding and environmental concerns.

Prohibition by Price

Step into the shadows of illicit trade where taxation, incentives, and criminal networks intersect to fuel the lucrative cigarette smuggling market.

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.

How to Rein in the National Debt

Now is the time for lawmakers to focus on long-term fiscal sustainability, as further delay will only make an eventual fiscal reckoning that much harder and more painful. Congressional leaders should follow through on convening a fiscal commission to deal with the long-term budgetary challenges facing the country.