Individual and Consumption Taxes

State and Local Sales Tax Rates, 2019

Don’t Judge Your Taxes by Your Refund

The Real Lesson of 70 Percent Tax Rates on Entrepreneurial Income

The fall and then rise of entrepreneurial income claimed on the wealthy’s 1040 tax returns clearly tracks the seeming decline of inequality from 1950 to 1980, followed by the sudden rise in inequality since 1986. The shifting composition of income claimed by the rich due to changes in tax laws explains this illusion.

Toward a State of Conformity: State Tax Codes a Year After Federal Tax Reform

States incorporate provisions of the federal tax code into their own codes in varying degrees, meaning that federal tax reform has implications for state revenue beyond any broader economic effects of tax reform.

Unclear if Warren’s Wealth Tax Proposal is Constitutional

There is a chance that Senator Warren’s proposed wealth tax would be found unconstitutional, but opinions are mixed and the precedents go both ways.

Sen. Warren’s Wealth Tax Is Problematic

Sen. Elizabeth Warren recently proposed a wealth tax on high-net-worth individuals, a type of tax that is poorly targeted, difficult to administer, and raises constitutional questions.

States Should be Wary of ITEP Marijuana Tax Policy

How High Are State and Local Tax Collections in Your State?

Spotify Mixes Up Tax Notices to D.C. and Iowa Subscribers

New Swedish Coalition Government Proposes Sweeping Tax Cut Plan

Sorry, Washington State: Capital Gains Taxes are Still Income Taxes—But There’s a Better Way

A new, high tax rate on capital gains income would be a risky move for Washington State even if it didn’t face an enormous constitutional challenge.

Does Your State Tax Manufacturing Machinery?

Ocasio-Cortez’s Proposed 70 Percent Top Marginal Income Tax Rate Would Deter Innovation

Tax Relief is on the Agenda in Austria

How Much Revenue Would a 70% Top Tax Rate Raise? An Initial Analysis

Due to a narrow tax base and a decrease in capital gains realizations, Congresswoman Ocasio-Cortez’s plan to tax income above $10 million would not raise as much revenue as intended. See our 10-year revenue estimates.

America Already Has a Progressive Tax System

Recent interest in raising the tax burden on high-income individuals glosses over the fact that the U.S. federal tax code is already progressive.

Virginia on the Cusp of a $600 Million Unlegislated Tax Increase

Lawmakers Start the New Year with a Long Tax Policy To-Do List

Opportunity Zones: What We Know and What We Don’t

Research suggests place-based incentive programs redistribute rather than generate new economic activity, subsidize investments that would have occurred anyway, and displace low-income residents.

Eliminating the SALT Deduction Cap Would Reduce Federal Revenue and Make the Tax Code Less Progressive