Taxes

Maryland Ready-to-Drink Cocktail Tax Proposal Skip to content Home • Blog • Maryland Proposes a Lower Tax Category for Ready-to-Drink Cocktails Recent innovations in alcohol production have created a boon for alcoholic beverage consumers. However, taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to

Biden State of the Union Address: Tax Proposals | Tax Foundation Skip to content Table of Contents President Biden’s 2024 State of the Union Address presented a vision of higher taxes for American businesses and high earners combined with carveouts, credits, and more complex rules for taxpayers at all income levels. Rather than aiming for

Vermont Wealth Tax Proposal: Details & Analysis | Tax Foundation Skip to content Home • Blog • Vermont Lawmakers Consider Harmful Taxes on the Wealthy Vermont lawmakers are considering the adoption of two new taxes on high earners, which proponents have branded “wealth taxes.” These proposals are not wealth taxes in the way that term

OECD Pillar One and Future of Digital Services Taxes | Testimony Skip to content Table of Contents Note: The following is the testimony of Daniel Bunn, President & CEO of 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

US-China Competition: Technology & R&D Tax Treatment Skip to content Home • Blog • U.S. Must Fix R&D Treatment to Compete with China As the United States Senate debates a tax deal that would (among other things) restore neutral taxA tax is a mandatory payment or charge collected by local, state, and national governments from

The Short Form: Why Your Tax Refund Is Nothing to Celebrate Skip to content Home • Blog • Why Your Tax Refund Is Nothing to Celebrate 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

Tangible Personal Property Taxes by State, 2024 | Tax Foundation Skip to content Does Your State Have a Small Business Exemption for Machinery and Equipment? In most states, businesses not only pay taxes on their real property (land and structures), but also on their machinery, equipment, fixtures, and supplies, which are classified as tangible personal

Portugal Corporate Taxes Stifle Investment and Economic Growth Skip to content Home • Blog • Portugal’s Corporate Taxes Stifle Investment and Economic Growth Note: This post is part of a series on Portugal’s taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the

Virginia Sales Tax Reform Proposal: B2B Digital Services Skip to content Home • Blog • Virginia Considers Expanding Its Sales Tax Base to B2B Digital Services What is the difference between good and bad taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover

Medicare & Social Security Tax Options for Sustainability Skip to content Home • Blog • Sustainably Reforming Social Security and Medicare Will Need More than Just Tax Hikes The Congressional Budget Office’s (CBO) latest forecast shows a key driver of ongoing federal deficits is the growth in Social Security and Medicare. Political disagreement over the

Wealth Taxes in Europe, 2024 | Tax Foundation Skip to content Net wealth taxes are recurrent taxes on an individual’s wealth, net of debt. The concept of a net wealth taxA wealth tax is imposed on an individual’s net wealth, or the market value of their total owned assets minus liabilities. A wealth tax can

The Fatal Flaw of Pillar Two (Global Minimum Tax) | Tax Foundation Skip to content Home • Blog • The Fatal Flaw of Pillar Two Pillar Two, the international global minimum taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of