Taxes

Transcript Every time you see a fire truck or school bus drive down the road, or get the mail, that’s thanks to a government service. How does the government pay for all those services? Taxes. And in the US, one look at a pay stub shows us that there are different levels and different types

Vehicle Miles Traveled (VMT) Tax: US Transportation Funding Skip to content Table of Contents Key Findings Thanks to elevated deficits and interest rates, fiscal restraint is back in Washington. While substantially reversing America’s fiscal situation requires structural reforms to entitlements and taxes broadly, reforming transportation funding would also help. The user-pays principle is a sound

Did the TCJA Simplify the Tax Code? | Compliance & Complexity Skip to content Home • Blog • How Did the Tax Cuts and Jobs Act Simplify the Tax Code? If the individual provisions of the TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses

Tim Walz Tax Policies: Details & Analysis Skip to content Home • Blog • Gov. Tim Walz Raised Taxes as Most Governors Cut Them Most states have cut taxes at least once since 2021, with a renewed emphasis on taxA tax is a mandatory payment or charge collected by local, state, and national governments from

IRS Tax Compliance Costs the US Economy $546B Annually Skip to content Table of Contents The federal 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. code imposes many costs on the US economy.

STATES Act 2.0 Sets the Stage for Federal Cannabis Reform Skip to content Home • Blog • STATES 2.0 Act Sets the Stage for Federal Cannabis Policy According to recent reports, 72 percent of the current marijuana market in the US is illicit. Evidently, the federal criminalization of marijuana has failed to prevent its sale

Trump Social Security Tax Proposal: Details & Analysis Skip to content Home • Blog • Exempting Social Security Benefits from Income Tax Is Unsound and Fiscally Irresponsible On Wednesday, former President Donald Trump indicated he would support exempting Social Security benefits from income taxA tax is a mandatory payment or charge collected by local, state,

Capital Allowances in Europe, 2024 | Tax Foundation Skip to content Although sometimes overlooked in discussions about corporate taxation, capital allowances play an important role in a country’s corporate tax baseThe tax base is the total amount of income, property, assets, consumption, transactions, or other economic activity subject to taxation by a tax authority. A

2024 Summer Olympics Taxes | TaxEDU Skip to content Home • Blog • How Are Olympians and Attendees Taxed? This is part of our educational blog series, “The Short Form,” to simplify taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs

Europe August 8, 2023July 16, 2024 Patent Box Regimes in Europe, 2023 The aim of patent boxes is generally to encourage and attract local research and development (R&D) and to incentivize businesses to locate IP in the country. However, patent boxes can introduce another level of complexity to a tax system, and some recent research

Sales Tax Revenue by State | Sales Tax Reliance & Breadth Skip to content Table of Contents Key Findings Sales taxes account for 31.18 percent of state 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,

Nebraska Property Tax Relief Plan: Details & Analysis Skip to content Home • Blog • Proposed Nebraska Property Tax Relief Plan Would Make Things Worse Should the Nebraska Unicameral convene in special session in the coming days, it will do so to consider the furthest-reaching overhaul of the state taxA tax is a mandatory payment