Taxocracy Tales with Scott Hodge
Tax Foundation Blog
by Scott Hodge, Kyle Hulehan, Dan Carvajal
8h ago
All taxes tell a story, and today we’ll explore how taxes influenced Bob Dylan's decision to sell his music catalog, how the "chicken tax" reshaped the auto industry, and how the historic "tax on air and light" had profound effects on architecture and living conditions ..read more
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How to Improve the Base Erosion and Anti-Abuse Tax
Tax Foundation Blog
by Alan Cole
8h ago
BEAT is intended to address a legitimate problem, and there are virtues to BEAT’s overall strategic approach; however, its execution leaves room for improvement ..read more
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Estate, Inheritance, and Gift Taxes in Europe, 2024
Tax Foundation Blog
by Marie Borst
8h ago
As tempting as inheritance, estate, and gift taxes might look—especially when the OECD notes them as a way to reduce wealth inequality—their limited capacity to collect revenue and their negative impact on entrepreneurial activity, saving, and work should make policymakers consider their repeal instead of boosting them ..read more
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State Income Taxes and the 2024 NFL Draft Class
Tax Foundation Blog
by Jared Walczak
2d ago
Here’s how much NFL players can expect to pay in state and local income taxes—to all relevant states—at multiple salary levels, by team ..read more
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Americans Are Still Paying for the Trump-Biden Tariffs
Tax Foundation Blog
by Erica York
1w ago
If reelected, President Trump would drastically escalate the trade war he started during his first term. But what often goes unnoticed is President Biden’s role in continuing Trump’s first trade war. In fact, more tax revenue from the trade war tariffs has been collected under Biden than under Trump ..read more
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Gross Income
Tax Foundation Blog
by
1w ago
What Is the Importance of Gross Income? Gross income is the starting point in calculating an individual’s or business’ tax liability. Individuals calculate gross income by adding wages or salary, tips, dividends, interest, capital gains, income from rental properties, alimony, and pensions. Not all income is included in gross income for tax purposes, such as ..read more
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How Burdensome Are Your State’s Nonresident Income Tax Filing Laws?
Tax Foundation Blog
by Katherine Loughead
1w ago
One relatively easy but meaningful step policymakers can take to make future tax seasons less burdensome is to modernize their state’s nonresident income tax filing, withholding, and reciprocity laws ..read more
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The Impact of BEPS 1.0
Tax Foundation Blog
by Alan Cole
1w ago
The global landscape of international corporate taxation is undergoing significant transformations as jurisdictions grapple with the difficulty of defining and apportioning corporate income for the purposes of tax ..read more
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When Looking to Reform Inflation Reduction Act, Start with EV Credits
Tax Foundation Blog
by Alex Muresianu
1w ago
Over the next 10 years, the IRA’s energy tax credits are projected to cost north of $1 trillion, adding to the federal government’s budgetary challenges and burgeoning debt ..read more
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Unstable Taxes and an Unpredictable Future
Tax Foundation Blog
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1w ago
When the tax code is stable and predictable, individuals, families, and businesses can set goals for the future and make plans to achieve them ..read more
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