Individual and Consumption Taxes

How Much Does Your State Collect in Property Taxes per Capita?

Analysis of Democratic Presidential Candidate Individual Income Tax Proposals

Joe Biden and Bernie Sanders have each proposed changes to the individual income tax, one of the largest sources of federal revenue. Our new analysis compares the economic, revenue, and distributional effects of the various proposals.

Ohio Voters To Consider Requiring Two-Thirds Majority for Income Tax Increases

Will Nebraska Find a Path Forward in its Property Tax Standstill?

Comparing the Growth and Income-Boosting Effects of Tax Reform Options

As policymakers evaluate changes to the tax code, such as proposals coming from presidential candidates and the White House, it will be important for them to evaluate the relative effects of various provisions. According to our analysis, making full expensing permanent would be one of the most efficient ways to increase after-tax incomes for the middle class.

What Would Income Equality Really Look Like?

Reliance on Social Insurance Tax Revenue in Europe

Sports Betting Might Come to a State Near You

Reliance on Individual Income Tax Revenue in Europe

Maryland Legislature Seeks Revenue with Risky Proposals

One notable consequence of high state tobacco excise tax rates is increased smuggling as people procure discounted products from low-tax states and sell them in high-tax states. Smugglers wouldn’t have to look far to find cheaper smokes. All of Maryland’s neighboring states have rates lower than $4 per pack, including Virginia ($1.20) and West Virginia ($0.30). Such an increase would impact the many small business owners operating vape shops around the state and convenience stores relying heavily on vapers as well as tobacco sales.

State and Local Individual Income Tax Collections per Capita

Summary of the Latest Federal Income Tax Data, 2020 Update

The latest IRS data shows that the U.S. individual income tax continues to be very progressive, borne primarily by the highest income earners. The top 1 percent of taxpayers pay a 26.8 percent average individual income tax rate, which is more than six times higher than taxpayers in the bottom 50 percent (4.0 percent).

Analysis of the Economic, Revenue, and Distributional Effects of Repealing Step-up in Basis

Maryland Lawmakers Consider Sales Tax Hike on Businesses

Recent Study on Financial Transaction Taxes Understates their Economic Harm

FTTs are unreliable sources of revenue and can increase risky financial activities. When looking to address income inequality and raise revenue, lawmakers should look to alternatives to this complicated and distortive tax.

Bloomberg’s Financial Transaction Tax (FTT) Proposal Revives Bad Policy

In a way, one should sometimes be most wary of taxes with a very, very, very low rate. It suggests a certain hesitance on the part of the policymaker, as if he knows he’s playing with something potentially very damaging.

Marginal Tax Rates on Labor Income in the U.S. After the Tax Cuts and Jobs Act

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

Wisconsin Considers Standard Deduction Increase, TPP Tax Reduction

Sources of Government Revenue in the OECD, 2020 Update

OECD countries have on average become more reliant on consumption taxes and less reliant on individual income taxes. These policy changes matter, considering that consumption-based taxes raise revenue with less economic damage and distortionary effects than taxes on income.