Taxes

Early property taxes, first implemented in feudal times, were levied primarily on land and paid mostly by farmers. In modern times, property taxes are also levied on assets like real estate and paid on a recurrent basis by individuals or legal entities. High property taxes levied not only on land but also on buildings and

Federal Fiscal System Is Getting More Progressive Skip to content Home • Data • Federal Taxes • Federal Fiscal System Is Very Progressive—and Getting More So—Latest CBO Report Shows (2024 Update) September 27, 2024September 27, 20247 min readBy: Scott Hodge Underlying every fiscal policy discussion in Washington is the question of progressivity: how much should

Uline Minnesota Supreme Court Tax Ruling | Tax Foundation Skip to content Home • Blog • Minnesota High Court Ruling Will Increase Business Tax Compliance Costs Decades ago, Congress put limits on states’ ability to assert taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses

Harris Corporate Tax Hike Proposal: Details & Analysis Skip to content Home • Blog • Harris Proposal to Raise Corporate Tax Rate Would Harm Workers in Every State Of the several tax increases that Vice President Kamala Harris has proposed, raising the corporate income taxA corporate income tax (CIT) is levied by federal and state

Extended Producer Responsibility (EPR) Policies | Tax Foundation Skip to content Table of Contents Key Findings Growing levels of waste and pollution, paired with increasing burdens on taxpayers to address environmental problems, have spurned policymakers in the US and abroad to encourage producers to be responsible, either financially or operationally, for the end-life of their

June 27, 2024July 10, 2024 Sources of Personal Income, Tax Year 2021 Reviewing reported income helps to understand the composition of the federal government’s revenue base and how Americans earn their taxable income. The individual income tax, the federal government’s largest source of revenue, is largely a tax on labor. 9 min read

Social Security Reform Options: Lessons from Around the World Skip to content September 24, 2024September 23, 202433 min readBy: Alex Durante Table of Contents Key Findings By 2035, the Old-Age, Survivors, and Disability Insurance Trust Fund, or the Social Security Trust Fund, will be depleted, and current payroll taxes will only be able to fund

Oregon Measure 118 Penalizes Oregon Small Businesses Skip to content Home • Blog • Oregon Measure 118 Penalizes Oregon Small Businesses Despite being advertised as a 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

The Internal Revenue Service (IRS) uses 1099 forms, also called information returns, to report various types of income. If you received a 1099-CAP form as a taxpayer this tax year, it might look particularly confusing, but don’t worry — we’re here to break it down for you. This article will give you all the details

Why Corporate Taxes Are Important | TaxEDU Skip to content Home • Blog • Why Should I Care About the Corporate Tax Rate? 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

Sometimes, life throws you a curveball, and you’re suddenly staring at a tax form you’ve never seen before — like IRS Form 1099-LS. Let’s look at why a 1099-LS form appeared in your mailbox this tax year and what to do with it when filing your taxes. At a glance: Form 1099-LS reports the sale

Welcome to the wonderful world of tax refunds, where the dollars you receive after filing taxes can either bring a smile to your face or leave you scratching your head. Taxes play a significant role in your financial life, and your annual tax refund can have a big impact. But how does it all work?