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Inflation and Europe’s Personal Income Taxes
With continued concerns over inflation, individuals may be wondering how their tax bills will be impacted. Less than half of OECD countries in Europe automatically adjust income tax brackets for inflation every year.
2 min read![Idaho flat income tax reform Idaho flat tax Idaho income tax reform Idaho to Consider Flat Tax in Special Session](https://taxfoundation.org/wp-content/uploads/2022/07/Idaho-state-e1657736653657-300x168.jpeg)
Idaho to Consider Flat Income Tax in Special Session
As Idaho attempts to further solidify its position as a growth-oriented, taxpayer-friendly state this special session, other states should look to its example and pursue similar reforms.
6 min read![New Mexico business tax climate ranking New Mexico business tax reform New Mexico tax reform](https://taxfoundation.org/wp-content/uploads/2022/08/New-Mexico-state-capitol-e1661981166977-300x196.jpeg)
New Mexico and the Question of Tax Competitiveness
Every change to a state’s tax system makes its business tax climate more or less competitive compared to other states and makes the state more or less attractive to business.
7 min read![Missouri flat income tax reform Missouri income tax reform Missouri Should Consider Flat Income Tax in Special Session](https://taxfoundation.org/wp-content/uploads/2022/04/Missouri-tax-reform-e1650485919258-300x200.jpeg)
Missouri Should Consider Flat Income Tax in Special Session
As Missouri legislators head into a special session, they should consider making a pro-growth change that the state is already so close to achieving: creating a flat income tax.
4 min read![2022 beer taxes by state beer tax rates including state beer excise tax rates](https://taxfoundation.org/wp-content/uploads/2022/08/Beer2022-300x281.png)
Beer Taxes by State, 2022
Tennessee, Alaska, Hawaii, and Kentucky levy the highest beer excise tax rates in the nation. How does your state compare?
3 min read![IRS budget increase IRS technology modernization and IRS funding for IRS e-filing electronic tax filing](https://taxfoundation.org/wp-content/uploads/2022/08/IRS-budget-increase-IRS-technology-modernization-and-IRS-funding-for-e-filing-min-e1661538290807-300x200.jpeg)
IRS Is Raising More with Less, But New Funding Misses the Mark
The Inflation Reduction Act focused more on enforcement and hiring more auditors rather than programs that make it easier for taxpayers to comply with the code and the IRS to administer it.
6 min read![State and local tax collections, state and local tax revenue by state taxes by state](https://taxfoundation.org/wp-content/uploads/2022/08/State-and-local-tax-collections-state-and-local-tax-revenue-by-state-taxes-by-state-213x300.png)
Unpacking the State and Local Tax Toolkit: Sources of State and Local Tax Collections (FY 2020)
The mix of tax sources states choose can have important implications for both revenue stability and economic growth, and the many variations across states are indicative of the different ways states weigh competing policy goals.
29 min read![Tax compliance costs of IRS regulations tax complexity and tax simplification Chaotic IRS filing season shows flaws in IRS benefits distribution, IRS tax credit administration, IRS budget, and 2022 tax season with filing taxes Summary of the Latest Federal Income Tax Data, 2022 Update 2022 federal income tax data](https://taxfoundation.org/wp-content/uploads/2022/01/tax-filing-calculator-e1642614911929-300x200.jpeg)
The Tax Compliance Costs of IRS Regulations
In a pattern that has become all too common in recent decades, the newly enacted Inflation Reduction Act (IRA) added yet another layer of complexity to an already complex and burdensome federal tax code.
9 min read![Carbon tax revenue recycling for border-adjusted carbon tax border adjustments Taxing Big Oil Profiteers Act Wyden excess profits tax oil and gas companies Carbon Tax definition, Carbon Emissions, CO2 Emissions, Global Temperatures, Climate Change, AOC, Ocasio-Cortez, Green New Deal, energy, environomental, payroll tax cut](https://taxfoundation.org/wp-content/uploads/2019/11/carbon-tax-crop-e1572984169767-300x195.jpeg)
“Taxing Big Oil Profiteers Act” Risks Disincentivizing Production, Inventory
In response to high oil prices, Sen. Wyden has proposed raising taxes on oil and gas companies in three ways. His “Taxing Big Oil Profiteers Act” would create an additional 21 percent tax on so-called excess profits earned over 10 percent of revenues of oil companies with annual revenues over $1 billion; levy a tax on stock buybacks; and remove last-in, first-out (LIFO) tax treatment of inventory accounting.
7 min read![Soda tax soda taxes on sugary drinks sugar taxes soda tax](https://taxfoundation.org/wp-content/uploads/2017/01/soda-300x200.jpg)
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Arkansas’s Rate Reduction Acceleration
Arkansas recently became the 13th state to authorize an individual income tax rate reduction this year. This round of tax cuts accelerated reforms enacted eight months ago.
7 min read![IRS budget increase IRS technology modernization and IRS funding for IRS e-filing electronic tax filing](https://taxfoundation.org/wp-content/uploads/2022/08/IRS-budget-increase-IRS-technology-modernization-and-IRS-funding-for-e-filing-min-e1661538290807-300x200.jpeg)
IRS Funding and Technology
The Internal Revenue Service (IRS) finds itself under fire often. Outdated technology, millions of unanswered calls, and cafeterias full of paper returns—it’s clear that America’s tax collector needs improvement. Jesse is joined by Courtney Kay-Decker and Jared Ballew, chair and vice chair (respectively) of the Electronic Tax Administration Advisory Committee (ETAAC). They discuss ETAAC’s annual report that lays out what the IRS is doing right, and what it’s doing wrong, as the agency continues to see its duties grow.
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How to Think About IRS Tax Enforcement Provisions in the Inflation Reduction Act
The Inflation Reduction Act increases the IRS’s budget by roughly $80 billion over 10 years. The money is broken into four main categories—enforcement, operations support, business system modernization, and taxpayer services—as well as a few other small items such as an exploratory study on the potential of a free-file system.
6 min read![FDA Ban on Flavored Cigars Could Cost $836 Million in Annual Excise Cigar Tax Revenue See FDA ban flavored cigars](https://taxfoundation.org/wp-content/uploads/2022/08/FDA-Ban-on-Flavored-Cigars-Could-Cost-836-Million-in-Annual-Excise-Cigar-Tax-Revenue-See-FDA-ban-flavored-cigars-300x260.png)
FDA Ban on Flavored Cigars Could Cost $836 Million in Annual Excise Tax Revenue
The FDA’s proposal to ban flavored cigars would carry significant revenue implications for many state governments.
7 min read![Japanese tax and benefit system working parents and Japan tax revenue](https://taxfoundation.org/wp-content/uploads/2020/07/Japan_-_Tokyo_4_1980x-3-300x200.jpeg)
Japan’s Tax and Benefit System for Working Parents Isn’t Working
The Japanese tax and benefit system comes with trade-offs that policymakers must keep in mind when planning to reform the tax policy.
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Does Your State Have a Marriage Penalty?
A marriage penalty exists when a state’s income brackets for married taxpayers filing jointly are less than double the bracket widths that apply to single filers. In other words, married couples who file jointly under this scenario have a higher effective tax rate than they would if they filed as two single individuals with the same amount of combined income.
2 min read![Who bears the burden of corporate taxes? Learn more about who bears the burden of the corporate income tax (who actually pays corporate taxes) and the corporate tax burden](https://taxfoundation.org/wp-content/uploads/2021/05/linkedin-In-Stream_Wide___manufacturing_factory_worker_optimized-e1621373838916-300x158.jpg)
Who Gets Hit by the Inflation Reduction Act Book Minimum Tax?
In dollar terms, the industries that would account for the largest book minimum tax liabilities are manufacturing, at $73.2 billion, followed by finance, insurance, and management at $46.9 billion.
6 min read![Inflation Reduction Act Tax Provisions and Impact Analysis](https://taxfoundation.org/wp-content/uploads/2022/08/Inflation-Reduction-Act-Tax-Provisions-and-Impact-Analysis-300x199.png)
Details & Analysis of the Inflation Reduction Act Tax Provisions
How will the Inflation Reduction Act taxes impact inflation, economic growth, tax revenue, and everyday taxpayers? See Inflation Reduction Act tax changes.
12 min read