Biden’s FY 2025 budget would yield combined top marginal rates on individual income in excess of 50 percent in five states and DC: hubs.ly/Q02t3LnF0

Unfortunately, when it comes to the trade war tariffs, it seems both candidates support higher taxes on American consumers and the increased economic distortions that follow.

Read more: hubs.ly/Q02tn0gK0 Erica York

Though providing permanent R&D expensing alone would not be a #China -competition magic bullet, it is a no-brainer place to start. In this technological race, we should first make sure we have not tied our own shoes together.

Read More: hubs.ly/Q02s_V4f0

📊Sources of government revenue in the OECD, 2024

Policymakers should continue to explore ways to shift from more distortive taxes like those on income toward taxes that are less likely to cause economic disruptions like consumption or property taxes: hubs.ly/Q02s_-550

For most Americans, saving is a taxing experience. Our neighbors to the north have found a better solution—and U.S. lawmakers should take note.

Will McBride explains more: hubs.ly/Q02s_VXr0

Recent evidence from the academic literature suggests that the link between state income taxes and decisions regarding where to live and work may be strong.

hubs.ly/Q02s_PqQ0 Andrey Yushkov #migration

Unless Congress acts, Americans are in for a tax hike in 2026.

Find out how the TCJA expiration or extension will affect taxpayers like yourself with our 𝟐𝟎𝟐𝟔 𝐓𝐚𝐱 𝐑𝐞𝐟𝐨𝐫𝐦 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐨𝐫: hubs.ly/Q02s_SN30

Tax season is a dreaded time for many, in large part due to the complexity involved in filing. Among the tax rules Americans understand the least—and also comply with the least—are nonresident income tax filing laws.

Read more: hubs.ly/Q02s_V500 Katherine Loughead

Facts & Figures serves as a one-stop state tax data resource that compares all 50 states on over 40 measures of tax rates, collections, burdens, and more.

Explore our data with our interactive tool: hubs.ly/Q02s_WXY0

Given that U.S. debt is roughly the size of our annual economic output, policymakers will face many tough fiscal choices in the coming years. The good news is there are policies that both support a larger economy and avoid adding to the debt.

hubs.ly/Q02tcn6l0 Daniel Bunn

We've updated our 2024 Presidential tax plan tracker to include President Biden's recent proposal to triple tariffs on Chinese steel and aluminum imports, which could have significant implications for trade and the U.S. economy.

Explore more: hubs.ly/Q02tcj-30

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.

hubs.ly/Q02s_VXd0 Alex Muresianu

By violating the principles of simplicity, neutrality, and stability, and failing to raise significant revenue, worldwide combined reporting at the state level is doomed to fail.

hubs.ly/Q02s_NKR0 Andrey Yushkov

Tomorrow at 2pm, Estonian Embassy US is hosting an event where I'll be giving keynote remarks about the International Tax Competitiveness Index and Stan Veuger will be moderating a discussion on pro-growth tax policy. You can register here: taxfoundation.wufoo.com/forms/qnzt3cl1…

Where do the 2024 presidential candidates stand on taxes?

Launch our new interactive tracker: hubs.ly/Q02s_PqG0

State tax revenues are declining from record highs, raising questions about the affordability of recent tax cuts. Is there cause for concern?

The empirical data strongly suggest that the answer is no.

hubs.ly/Q02s_THx0 Jared Walczak

If the U.S. taxed personal income in the same way that Denmark does, all income over $82,000 would be taxed at over 55 percent.

hubs.ly/Q02s_SMK0

If reelected, President Trump would escalate the trade war he began. But it's often overlooked that President Biden has continued these policies, with his administration collecting even more tariff revenue from the trade wars than during Trump's term.

hubs.ly/Q02t3NZw0

Of course, billions in added tax costs are not the only harm from the trade war. Far worse is that the 2018-2019 tariffs have had a net negative impact on the U.S. economy, a consensus that emerges from the economic literature on the trade war: taxfoundation.org/blog/biden-tru…

Of the $233 billion in customs duties raised from trade war tariffs, $144 billion was collected under Biden's watch. It appears that both Trump and Biden favor higher taxes on Americans through the trade war tariffs, and the increased economic distortions that follow.