Tax Foundation
@TaxFoundation
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Leading nonpartisan tax policy research and analysis
Washington, DC
Joined October 2008
The Trump tariffs are the largest US tax increase as a percent of GDP in over 30 years.
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"A Supreme Court decision permanently enjoining the IEEPA tariffs would provide immediate relief to businesses and consumers and would hamstring the President’s ability to impose tariffs this broad in scope." — @alex_durante_
https://t.co/LvNjpvDgBz
taxfoundation.org
The US Supreme Court heard oral arguments on November 5 to determine whether the president’s emergency powers under the International Emergency Economic Powers Act (IEEPA) include the power to impose...
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While the OBBBA brings some stability by making many of the TCJA’s reforms permanent, it generally fails to reform the tax code’s accumulating complexity. Read more:
taxfoundation.org
While the OBBBA brings some stability by making many of the TCJA’s reforms permanent, it generally fails to reform the tax code’s accumulating complexity.
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The most effective way to tax alcoholic beverages is to tax according to alcohol content, rather than beverage type. https://t.co/iolRjddKE9
taxfoundation.org
The most effective way to tax alcoholic beverages is to tax according to alcohol content, rather than beverage type.
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📊 Sources of US gov't revenue by tax type: 39.9% = Individual income taxes 24.0% = Social insurance taxes 16.8% = Consumption taxes 11.0% = Property taxes 8.3% = Corporate income taxes Explore the latest data: https://t.co/Sx5bDM0IeP
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Rather than adding another overly complicated savings vehicle to the mix, the ideal solution would be to scrap the current piecemeal savings system in favor of universal savings accounts. https://t.co/7SwHkbi1tL
@ahardtospell
taxfoundation.org
If the federal government really wanted to make saving more accessible for taxpayers, it would swap the proposal for Trump Accounts to replace the complicated mess of savings accounts currently...
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Taxes are an important part of the mix, and modernizing a state’s tax structure helps position it for growth. States that rank better on the Index have better-structured tax codes, and states with better-structured tax codes get Wins Above Replacement. Read more:
taxfoundation.org
Taxes are an important part of the mix, and modernizing a state’s tax structure helps position it for growth. States that rank better on the Index have better-structured tax codes, and states with...
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⚡𝐅𝐀𝐐: 𝐓𝐡𝐞 𝐎𝐧𝐞 𝐁𝐢𝐠 𝐁𝐞𝐚𝐮𝐭𝐢𝐟𝐮𝐥 𝐁𝐢𝐥𝐥 𝐀𝐜𝐭 𝐓𝐚𝐱 𝐂𝐡𝐚𝐧𝐠𝐞𝐬 Our experts explain how this major tax legislation may affect you and how policymakers can better improve the tax code. https://t.co/4Vbe9QLXWU
taxfoundation.org
Our experts explain how this major tax legislation may affect you and how policymakers can better improve the tax code.
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Not only is New Jersey's newly proposed data tax on corporations incredibly broad and almost impossible to administer, it is based on dubious premises and made worse by its poor design. More from @JaredWalczak: https://t.co/me6zHvoFyR
#NewJersey
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Working from home is great. The tax complications? Not so much. https://t.co/amcnITXVur
#remotework #taxes
taxfoundation.org
Working from home is great. The tax complications? Not so much.
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What's in the One Big Beautiful Bill: 🟢 The Good 🟠 The Bad 🔴 The Ugly https://t.co/gTMtNfYp46
taxfoundation.org
Policymakers have passed legislation to extend many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) alongside dozens of new tax provisions.
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🌎 The most competitive tax codes in the OECD: 1. 🇪🇪 Estonia 2. 🇱🇻 Latvia 3. 🇳🇿 New Zealand 4. 🇨🇭 Switzerland 5. 🇱🇹 Lithuania 6. 🇱🇺 Luxembourg 7. 🇭🇺 Hungary 8. 🇨🇿 Czech Republic 9. 🇸🇰 Slovak Republic 10. 🇮🇱 Israel See full rankings: https://t.co/xYFli2yg2d
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President Trump says it perfectly. A patchwork of 50 different state systems creates a maze of conflicting regulations, resulting in chaos. Follow me to join the conversation on leading the AI revolution.
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Trump Accounts promise new help for families saving for kids’ futures—but the design is clunky and less generous than existing options. This piece walks through how they work, why they may fall short, and what a better savings tool could look like:
taxfoundation.org
If the federal government really wanted to make saving more accessible for taxpayers, it would swap the proposal for Trump Accounts to replace the complicated mess of savings accounts currently...
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This holiday season, Americans may be surprised to see just how much they are taxed for renting a car. Rental cars receive additional sales or excise tax treatment in all 50 states. How does your state compare? Explore the data: https://t.co/LYsjxWElSb
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State revenues have grown 19.4% since 2017 and 50% over 20 years. With that growth, states can afford proven pro-growth policies like full expensing and R&D deductions. Read more:
taxfoundation.org
However states choose to respond to other provisions of the bill, they should conform to these pro-growth provisions, which represent a marked improvement in the corporate tax code.
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Excise taxes are regressive, and other alternatives are frequently available to incentivize behavior change. Read more:
taxfoundation.org
Excise taxes are regressive, and other alternatives are frequently available to incentivize behavior change.
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The 10 𝐰𝐨𝐫𝐬𝐭 states in the 2026 𝘐𝘯𝘥𝘦𝘹: 41. Hawaii 42. Vermont 43. Massachusetts 44. Minnesota 45. Washington 46. Maryland 47. Connecticut 48. California 49. New Jersey 50. New York Learn more:
taxfoundation.org
While there are many ways to show how much state governments collect in taxes, the Index evaluates how well states structure their tax systems and provides a road map for improvement
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Explore the IRS inflation-adjusted 2026 tax brackets, for which taxpayers will file tax returns in early 2027. See more: https://t.co/yAkU4RDo6R
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The property tax will never win any popularity contests, but if repealed, backfilling the forgone tax revenue would be exceedingly difficult. New from @JaredWalczak: https://t.co/jKz9OQKXaE
#PropertyTax
taxfoundation.org
Backfilling forgone local property tax revenue through new state taxes is difficult because it dramatically shifts overall tax burdens, undermines local accountability, and cannot easily adjust for...
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Several political leaders, including the White House, have touted the OBBBA as the “largest tax cut in American history.” While significant, the OBBBA is not the largest tax cut in American history; it’s the sixth largest. Read more: https://t.co/xmafTCBJJr
@ericadyork
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