Taxes

2025 West Virginia Tax Cuts | Tax Foundation Skip to content Home • Blog • Good Policy Leads to More Tax Cuts for West Virginia Next year, West Virginians will see an income taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the

Apollo Moon Space Race and the Cost of Industrial Policy Skip to content Home • Blog • Space Race and the Cost of Industrial Policy 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

Real Estate Transaction Tax Rates in German States Skip to content A real estate transaction 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. , or property transfer tax, was first introduced uniformly across

Kamala Harris Tax Proposals, 2024 | Tax Foundation Skip to content Home • Blog • Where Does Kamala Harris Stand on Taxes? Vice President and presumptive Democratic presidential nominee Kamala Harris has a record of favoring steeper taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or

Trump “No Tax on Tips” Proposal: Details & Analysis Skip to content Home • Blog • Frustrated with Tipping? No Tax on Tips Could Make It Worse Have you noticed more businesses asking for tips lately? You’re not alone. According to a Pew Research survey from 2023, 72 percent of Americans have seen an expansion

Sales Tax Holidays by State, 2024 | Sales Tax Free Weekends Skip to content Sales taxA sales tax is levied on retail sales of goods and services and, ideally, should apply to all final consumption with few exemptions. Many governments exempt goods like groceries; base broadening, such as including groceries, could keep rates lower. A

Placing Biden and Trump Tax Proposals in Historical Context Skip to content Home • Blog • Placing Biden and Trump Tax Proposals in Historical Context From President Biden calling 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

Inflation Reduction Act Book Minimum Tax: 5G Investment Skip to content Home • Blog • How Does the IRA’s Book Minimum Tax Affect 5G Competition? As lawmakers debate the reauthorization of the Federal Communications Commission’s authority to run spectrum auctions, they should not overlook the taxA tax is a mandatory payment or charge collected by

Patent Box Regimes in Europe, 2024 Skip to content Table of Contents Patent boxA patent box—also referred to as intellectual property (IP) regime—taxes business income earned from IP at a rate below the statutory corporate income tax rate, aiming to encourage local research and development. Many patent boxes around the world have undergone substantial reforms

2017 Tax Law Revenue Analysis: Tax Cuts and Jobs Act (TCJA) Skip to content Home • Blog • How Have Federal Revenues Evolved since the Tax Cuts and Jobs Act? Lawmakers in Congress are evaluating their options to avoid an automatic taxA tax is a mandatory payment or charge collected by local, state, and national

Biden CHIPS, Inflation Reduction Act: Business Investment Policies Skip to content Home • Blog • White House Right on Importance of Business Investment, Wrong on Relevant Policy The Treasury Department recently touted strong business investment in the years following the pandemic-driven recessionA recession is a significant and sustained decline in the economy. Typically, a recession

Puerto Rico Tax Competitiveness and Pillar Two Skip to content Table of Contents Key Findings Puerto Rico has long relied on low taxes to attract real investment and profit shiftingProfit shifting is when multinational companies reduce their tax burden by moving the location of their profits from high-tax countries to low-tax jurisdictions and tax havens.