Taxes

Trump Americans Abroad Tax Compliance Relief Proposal Skip to content Home • Blog • Americans Abroad Need Compliance Cost Relief Last week, Republican presidential nominee Donald Trump stated “I support ending the double taxationDouble taxation is when taxes are paid twice on the same dollar of income, regardless of whether that’s corporate or individual income.

South Dakota Grocery Tax Exemption: Initiated Measure 28 (IM-28) Skip to content Home • Blog • South Dakota’s Initiated Measure 28 Undermines Sales Tax Rate Reductions South Dakota’s Initiated Measure 28 proposes something popular, common, and, particularly in South Dakota’s context, misguided. The measure, which attempts to exempt groceries from the sales taxA sales tax

Changes from Last Year Estonia increased its excise duty on beer from €12.70 to €13.34 per hectoliter per alcohol content in January 2024, amounting to €0.01 more per drink. Finland decreased its excise duty on beer from €38.05 to €36.20 per hectoliter in January 2024, amounting to €0.03 less per drink. France increased its excise

Have you ever wondered how to make sense of Form W-2? A W-2 form is more than just a piece of paper; it’s a breakdown of your income, taxes, and other important details that your employer must provide to you and the IRS. This guide will explain everything you need to know about Form W-2,

Federal Budget Deficit: US Spending & Tax Collections Post-TCJA Skip to content Home • Blog • Another Huge Federal Deficit in Fiscal Year 2024 Despite Surging Corporate and Other Tax Collections The federal government’s budget deficit was $1.8 trillion in fiscal year 2024 (which ended in September), according to preliminary analysis by the Congressional Budget

If you’re a freelancer or a career independent contractor, you’re probably familiar with a W-9 form. As far as tax paperwork goes, it’s one of the better ones because it generally means you’ve won a new client! The form makes it easy to submit all your vital information to the client, so you can start

Blog January 31, 2024September 24, 2024 Tax Foundation Discussion on the Harms of Retaliatory Tax and Trade Policies Historical evidence and recent studies have shown that retaliatory tax and trade proposals raise prices and reduce the quantity of goods and services available to U.S. businesses and consumers, resulting in lower incomes, reduced employment, and lower

Updated for tax year 2024. Ah, the ultimate tax question: What should you do if you owe more taxes to the Internal Revenue Service (IRS) than you can afford? Discovering you owe more tax than expected can leave you feeling defeated. Not getting a tax refund is bad enough, but finding out you owe a

More Competitive EU Tax System: Recommendations | TFE Skip to content Home • Blog • What Does Moving Toward a More Competitive EU Tax System Mean? “There are two kinds of European nations. There are small nations and there are countries that have not yet realized they are small nations.” This quote by a former

US Economy vs Chinese Economy: Bolster US Economic Growth Skip to content Table of Contents Key Findings Competition with China has become a key theme of American politics. One crucial aspect of that competition is aggregate economic growth. One policy lever that affects aggregate economic growth (among many) is the structure of the corporate taxA

Brazil Alcohol Tax System Reform | Tax Foundation Skip to content Home • Blog • Brazil Proposes Major Overhaul of Its Alcohol Tax System The Brazilian government is poised to make the biggest change to its alcohol taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or

Oregon Measure 118 State Budget Cost: $2 Billion Skip to content Home • Blog • Oregon Measure 118 Is an $8 Billion Tax Increase That Raids $2 Billion from the State Budget Oregon Measure 118 would raise $8 billion a year in its first full year, and nearly $10 billion a year within five years