![How much does your state rely on property taxes? state property tax reliance, Property Tax Collections as a Percent of Total State and Local Tax Collections, FY 2017](https://taxfoundation.org/wp-content/uploads/2020/05/Property-Reliance-FV-01-300x248.png)
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![How much does your state rely on property taxes? state property tax reliance, Property Tax Collections as a Percent of Total State and Local Tax Collections, FY 2017](https://taxfoundation.org/wp-content/uploads/2020/05/Property-Reliance-FV-01-300x248.png)
![](https://taxfoundation.org/wp-content/uploads/2020/05/Alberto_Alesina_2013-217x300.jpg)
Lessons from Alberto Alesina for U.S. Lawmakers
Alesina’s work suggests that raising taxes to reduce the federal deficit and national debt would be an economic mistake. The less economically damaging path is to cut spending, what some have called austerity policies.
3 min read![Worldwide investment at risk as business tax reform critical to capital investment costs expire and phase out Child Tax Credit changes and Child Tax credit reform options States should follow federal lead in postponing tax day](https://taxfoundation.org/wp-content/uploads/2020/03/linkedin-In-Stream_Wide___time-clock-tax-filing-compliance-e1584991459818-300x158.jpg)
In Some States, 2020 Estimated Tax Payments Are Due Before 2019 Tax Returns
To prevent confusion and to ensure taxpayers receive the full benefit of the extended federal deadline, states should consider extending first- and second-quarter estimated tax payment due dates to July 15 or later.
9 min read![](https://taxfoundation.org/wp-content/uploads/2020/05/Tax-Relief-for-Families-011-300x300.png)
Tax Relief for Families in Europe
Most countries provide tax relief to families with children—typically through targeted tax breaks that lower income taxes. While all European OECD countries provide tax relief for families, its extent varies substantially across countries.
2 min read![2020 state sales tax reliance, how much does your state rely on sales taxes in 2020? state reliance on sales tax revenue](https://taxfoundation.org/wp-content/uploads/2020/05/Sales-Tax-Reliance-01-300x247.png)
To What Extent Does Your State Rely on Sales Taxes?
Consumption taxes, like sales taxes, are more economically neutral than taxes on capital and income because they target only current consumption.
3 min readHEROES Act Dependent Expansions Come with Major Drawbacks
The HEROES Act adds to the confusion and instability already inherent in the tax code with multiple expiring provisions and reduced filing guidelines.
4 min read![Federal deductibility SBA Paycheck Protection Program (PPP) in the CARES Act. Small Business Administration Paycheck Protection Program (PPP) in the CARES Act](https://taxfoundation.org/wp-content/uploads/2020/04/linkedin-In-Stream_Wide___paycheck-bill-tax-filing-e1585847119415-300x158.jpeg)
HEROES Act Temporarily Increases Dependent Credit Generosity
The HEROES Act would make notable expansions to all three dependent-related credits, increasing maximum credit amounts, refundability, and income eligibility phaseouts. Practically, this means that certain filers could expect to receive a larger refund for each additional hour of work, eligible dependent, and dependent care expenses if the bill became law.
5 min read![State Income Tax Revenue from Unemployment Compensation SMART Act, state and local aid, state tax revenue collections beat state revenue expectations in FY 2020 coronavirus pandemic](https://taxfoundation.org/wp-content/uploads/2020/05/linkedin-In-Stream_Wide___cash-money-dollar-spending-300x158.jpg)
Breaking Down State and Local Aid under the SMART Act
The SMART Act, sponsored by Senators Bob Menendez and Bill Cassidy and Rep. Mikie Sherrill, would provide $500 billion in flexible funding to state and local governments.
6 min read![Rich pay their fair share of taxes, Bernie Sanders and Elizabeth warren wealth tax, rich tax, rich taxes, redistribution, fixing a rigged tax code, corporations pay their fair share of taxes, corporations pay zero federal income taxes](https://taxfoundation.org/wp-content/uploads/2016/09/capitol-washington-dc-building-e1568123769343-300x188.jpeg)
HEROES Act First Bid to Provide Phase 4 Relief for Businesses and Individuals
The HEROES Act, the $3 trillion relief package proposed by House Democrats, is the first bid to provide additional phase 4 aid for businesses and individuals amid the coronavirus pandemic.
7 min read![Understanding Why Full Expensing Matters, Full expensing is also known as accelerated depreciation of capital investments, Learn more about accelerated cost recovery of investments.](https://taxfoundation.org/wp-content/uploads/2019/11/factory-manufacturing-workers-e1574781178257-300x200.jpeg)
The U.S. Tax Burden on Labor, 2020
Although the U.S. has a progressive tax system and a relatively low tax burden compared to the OECD average, average-wage workers still pay about 30 percent of their wages in taxes.
15 min read![2020 state individual income tax reliance 2020 state income tax reliance](https://taxfoundation.org/wp-content/uploads/2020/02/PIT-reliance-2020-fv-01-300x300.png)
To What Extent Does Your State Rely on Individual Income Taxes?
While the current crisis has caused consumption to drop dramatically, it is generally true that income taxes are more volatile than consumption taxes in an economic downturn and income taxes tend to be more harmful to economic growth than consumption taxes and property taxes.
3 min read![Who Shoulders the Burden of Federal Income Taxes? high-income earners, high-income taxpayers, progressive tax system, federal income tax, income inequality, wealth tax](https://taxfoundation.org/wp-content/uploads/2019/02/money-tax-inequality-income-e1551212809208-300x200.jpg)
Under the HEROES Act, State Budgets Could Soar as the Economy Suffers
The HEROES Act, proposed by House Democrats as a next round of fiscal relief during the coronavirus outbreak, contains about $1.08 trillion in aid to states and localities. That would bring the pandemic total to $1.63 trillion—an amount so large that it might overwhelm their ability to spend it and could reward fiscal irresponsibility.
8 min read![](https://taxfoundation.org/wp-content/uploads/2020/05/HEROES-Act-State-Aid-300x200.jpeg)
How the HEROES Act Would Allocate State and Local Aid for Coronavirus Relief
The HEROES Act would provide more than $1 trillion to state and local governments. Here’s how funding would be distributed and provisional estimates of how much aid each state would receive.
5 min read![Tax Burden on Labor in the OECD, France Tax burden on labor, Spain tax burden on labor, Greece tax burden on labor, UK tax burden on labor, Austria tax burden on labor](https://taxfoundation.org/wp-content/uploads/2020/03/economy-business-workers-corproate-e1583775377857-300x169.jpeg)
A Comparison of the Tax Burden on Labor in the OECD, 2020
A higher tax burden on labor often leads to lower employment rates and wages. That’s important for policymakers to remember as they look for ways to help their economies recover from coronavirus-induced shutdowns. If their goal is to encourage employment, policies that lower the tax burden on labor could prove a powerful tool.
20 min read![](https://taxfoundation.org/wp-content/uploads/2020/04/California-golden-gate-e1587750341429-300x200.jpg)
![State and local relief package, state and local government relief package amid coronavirus, business and government aid, coronavirus relief package, state revenue deficit, state budget deficit](https://taxfoundation.org/wp-content/uploads/2020/05/linkedin-In-Stream_Wide___small-business-economy-small-town-state-and-local-relief-e1588883763149-300x158.jpeg)
Designing a State and Local Government Relief Package
The COVID-19 pandemic and accompanying economic downturn will wreak havoc on state and local tax revenues, with projections of a 15-20 percent decline in state revenues. Our new report provides a framework for how to design an effective state and local relief package.
35 min read![alabama cares act relief, missouri cares act relief, alabama excempt cares act relief from income tax, missouri exempt cares act relief from income tax](https://taxfoundation.org/wp-content/uploads/2020/05/st-louis-missouri-300x225.jpg)
Alabama, Missouri Bills Would Exempt CARES Relief from Income Tax Calculation
Alabama and Missouri are considering excluding the CARES Act Economic Impact Payments from being taxed and exclude them from state income tax calculations.
2 min read![](https://taxfoundation.org/wp-content/uploads/2020/05/recovery-01-300x169.png)
Watch: Coronavirus: A Path to Economic Recovery
What challenges should we expect to face as the U.S. economy begins to re-open? When is the right time for legislators to start focusing on long-term recovery vs. short-term needs? What policies should federal legislators pursue to clear a path to recovery?
1 min read![Top Individual Income Tax Rates in Europe, top marginal tax rates for employees (including employee social security contributions) in European OECD Countries](https://taxfoundation.org/wp-content/uploads/2020/05/PIT-dv1-01-296x300.png)
![US treasury state tax cuts limitation rule American Rescue Plan State tax cuts Treasury clarification ban state tax cuts. US Treasury guidance, US Treasury Audit](https://taxfoundation.org/wp-content/uploads/2020/05/linkedin-In-Stream_Wide___Us-treasury-building-enhanced-e1588685408447-300x158.jpg)