Americans Are Still Paying for the Trump-Biden Tariffs
Tax Foundation Blog
by Erica York
2d 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
2d 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
3d 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
6d 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
6d 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
by
6d 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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Testimony: International Tax Avoidance
Tax Foundation Blog
by Daniel Bunn
1w ago
Lawmakers should aim for policies that support investment and hiring in the United States and refining anti-avoidance measures to improve administrability and lower compliance costs ..read more
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Survey Says Tax Confusion
Tax Foundation Blog
by Zoe Callaway, Kyle Hulehan, Dan Carvajal
1w ago
All Americans are affected by the tax code—but do they understand the tax code ..read more
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Excise Duties on Electricity in Europe, 2024
Tax Foundation Blog
by Alex Mengden
1w ago
EU Member States should seek to minimize the rate and broaden the base of electricity duties, consolidating their rates to the required minimum rate ..read more
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New National Tax Literacy Poll Highlights Need for Better Tax Education
Tax Foundation Blog
by Zoe Callaway
1w ago
Despite taxes playing a significant role in personal finances and being levied on a sizable portion of the U.S. population, most Americans are not just unhappy with the current tax code but also do not understand it ..read more
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