Taxes

Kimberly Clausing holds the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. During the first part of the Biden Administration, Clausing was the Deputy Assistant Secretary for Tax Analysis in the US Department of the Treasury, serving as the lead economist in the Office of Tax Policy. Prior

State Throwback Rules & Throwout Rules, 2024 Skip to content Table of Contents Today’s taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. map examines the extent to which states adopt a harmful set

Digital Taxation around the World | Tax Foundation Skip to content Table of Contents Key Findings There is a geographic mismatch between the location of individuals who use digital platforms and the location where those products are developed. In 2020, while 40 percent of the value created in information industries originated in North America, 40

TCJA Individual Tax Cuts Expiring Soon: Details & Analysis Skip to content Home • Blog • Why Are the Individual Tax Cuts Expiring? The expiration of the TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods,

Estate, Inheritance, and Gift Taxes in Europe, 2024 Skip to content Table of Contents Inheritance taxes date back to the Roman Empire, which collected 5 percent of all inherited property to pay its soldiers’ pensions. Today, the practice is widespread. Twenty-four out of the 35 European countries covered in this map currently levy estate, inheritance,

How to Improve the Base Erosion and Anti-Abuse Tax (BEAT) Skip to content Home • Blog • How to Improve the Base Erosion and Anti-Abuse Tax One significant international provision of the 2017 TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the

Skip to content April 23, 2024By: Scott Hodge, Kyle Hulehan, Dan Carvajal 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 taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to

2024 NFL Draft Class | Tax Foundation Skip to content Home • Blog • State Income Taxes and the 2024 NFL Draft Class The 2024 NFL draft is loaded with quarterback talent, but no prospect has garnered more attention than USC signal caller Caleb Williams, who is projected to pull down a four-year, $40 million

For individuals, gross income is the total pre-tax earnings from wages, tips, investments, interest, and other forms of income and is also referred to as “gross pay.” For businesses, gross income is total revenue minus cost of goods sold and is also known as “gross profit” or “gross margin.” What Is the Importance of Gross

Americans Are Still Paying for the Trump-Biden Tariffs Skip to content Home • Blog • Americans Are Still Paying for the Trump-Biden Tariffs If reelected, President Trump would drastically escalate the trade war he started during his first term, with proposals for new 10 percent universal baseline tariffs and 60 percent tariffs on imports from

Nonresident Income Tax Filing Laws by State | Tax Foundation Skip to content Home • Data • State Taxes • How Burdensome Are Your State’s Nonresident Income Tax Filing Laws? Table of Contents If you filed your taxes by the April 15th deadline, you’re probably relieved to return to your daily routine without thinking too

Transcript Everyone wants financial stability: in your income, your expenses, and even your taxes. In fact, stability is one of the four key principles of sound tax policy. When the tax code is stable and predictable, individuals, families, and businesses can set goals for the future and make plans to achieve them. When taxes are