Individual and Consumption Taxes

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Senator Wyden capital gains tax, unrealized capital gains tax, mark-to-market capital gains tax proposal
Blog

Evaluating Senator Wyden’s “Mark-to-Market” Capital Gains Tax

Wyden’s “mark-to-market” proposal strives to subject capital gains to the same treatment as ordinary income. While the plan resolves the “lock in effect” issue and would make the tax code more progressive, it would increase the tax burden on savers and increase tax code complexity.

2 min read
European tobacco tax, Tobacco taxes in Europe, Cigarette taxes in Europe, European cigarette taxes, Cigarette taxes in the EU, tobacco tax, cigarette taxes EU, European cigarette tax, EU cigarette taxes
Data
Europe

Cigarette Taxes in Europe, 2019

Today, Ireland and the United Kingdom levy the highest excise duties on cigarettes in the European Union (EU), at €7.57 (US $8.93) and €6.57 ($7.75) per 20-cigarette pack, respectively. This compares to an EU average of €3.09 ($3.64). In contrast, Bulgaria (€1.76 or $2.07) and Hungary (€1.96 or $2.31) levy the lowest excise duties.

3 min read
Relative value of $100 in your state 2019 purchasing power 2019 price parity map, biggest bang for your buck states 2019 biggest bang for your buck states, price parity map, purchasing power, real income, nominal income, time value of money, best value states, price parity, purchasing power
Data

Real Value of $100 by State, 2019

Adjusting incomes for price level can substantially change our perceptions of which states are truly rich or poor. Your dollar goes much further in states like Missouri or Ohio than in states like New York or California. What is the relative value of $100 in your state?

4 min read
Sales tax rates in major cities, local sales tax rates, local sales taxes, sales tax rates cities
Data

Sales Tax Rates in Major Cities, Midyear 2019

Sales taxes are levied in over 11,000 jurisdictions across the United States. In many cases, these local sales taxes can have a profound impact on the total rate that consumers pay.

12 min read