Taxes

Transcript We may not like it, but we need taxes to raise revenue for all sorts of things that we depend on. But not all taxes are created equal. There are 3 main types of taxes: taxes on what you earn, what you buy, and what you own. Every type of tax impacts the economy,

Montana is renowned for its vast natural beauty and outdoor recreation, but the state also boasts a competitive tax climate, ranking fifth in our 2023 State Business Tax Climate Index. Like many other states, its coffers are overflowing, and lawmakers have rightly prioritized tax reform to share the strong revenue position with those calling the

Patent box regimes (also referred to as intellectual property [IP] regimes) provide lower effective tax rates on income derived from IP. Most commonly, eligible types of IP are patents and software copyrights. Depending on the patent box regime, income derived from IP can include royalties, licensing fees, gains on the sale of IP, sales of

Latest Updates Originally published on June 12, 2023, this analysis was updated on July 25th to include additional examples and details on itemizers. See Full Timeline House Republicans have proposed three new tax bills packaged as the American Families and Jobs Act that would temporarily extend certain business provisions from the Tax Cuts and Jobs

Germany‘s finance minister, Christian Lindner (FDP), recently unveiled significant elements of the federal government’s tax reform proposal. With an estimated fiscal cost of EUR 6 billion, the proposal will comprise over 50 policy changes aimed at improving the country’s tax system. Two key provisions include enhancing the treatment of corporate losses and introducing an investment premium

Latest Updates Post was updated to reflect recent developments. Originally published. See Full Timeline The Spanish election results are moving the country away from pro-growth tax reforms while launching the government’s tax agenda, and the agenda of the Spanish presidency of the Council of the European Union, into uncertainty. Despite gaining 16 more seats than

Sales tax holidays continue to be politically popular, especially as states seek to share strong budget surpluses with taxpayers. Although state coffers may be unusually full, sales tax holidays remain the same as they always have been—ineffective and inefficient. Eighteen states will hold a sales tax holiday in 2023, up from 17 in 2022. This, however,

“The hardest thing in the world is to understand the income tax.” — Albert Einstein Every now and then, we are reminded that taxes can be complex and confusing, and understanding tax policy is an endeavor all its own. Even those of us who work at the Tax Foundation are not immune to this reality.

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The tax information you need all in one place. We’ve put together a master list of helpful articles for your tax situation, whether you’re preparing to file, in the process of filing, or waiting for your refund. If you’re self-employed, we have a section for that too. Let’s dive right in. Individual filers Stage 1:

The IRS recently announced that it will delay the $600 threshold for Form 1099-K by one year. While this means you may get a reprieve for tax year 2022, many more eBay sellers will begin receiving Form 1099-K next year during the 2023 tax season. Because of this, eBay has put together a handy guide

The tax treatment of U.S. businesses is a complicated and onerous process for tax preparers, revenue officials, and business owners alike. The tax system treats businesses differently based on their legal form, produces economic distortions, taxes income multiple times, and creates complexity and uncertainty for taxpayers. Even though business taxation has changed in the last