Tax Foundation

All Photos Twitter.com
Although the dispersion of supply chains throughout the world has been scrutinized in recent years, both inbound and outbound FDI are critical to sustaining supply chain resiliency and reducing economic risks for both firms and investors. hubs.ly/Q01s-TSC0 @alex_durante_
This #Thanksgiving NFL star Tyreek Hill can be thankful for saving an estimated $2.7 million in state and local taxes this season alone by choosing to Play for the Miami Dolphins rather than the New York Jets. hubs.ly/Q01s-T8f0 @JaredWalczak
The structure of a country’s tax code is a determining factor of its economic performance. A well-structured tax code is easy for taxpayers to comply with and can promote economic development while raising sufficient revenue for a government’s priorities. hubs.ly/Q01s-T3w0
Policymakers face a difficult balancing act this year in what is likely to be an unusual tax extenders season.
The sales tax is too important a part of states’ revenue toolkits to be permitted further erosion. Sales tax modernization is a vital project of the 2020s. Policy analyst @janellefrittsexplains more 👇 hubs.ly/Q01s-TTJ0dX
The most competitive tax systems in the #OECD: 1🇪🇪Estonia 2🇱🇻Latvia 3🇳🇿New Zealand 4🇨🇭Switzerland 5🇨🇿Czech Republic 6🇱🇺Luxembourg 7🇭🇺Hungary 8🇱🇹Lithuania 9🇹🇷Turkey 10🇮🇱Israel 11🇦🇺Australia 12🇸🇪Sweden 13🇸🇰Slovak Republic 14🇳🇱hubs.ly/Q01s-TGP0ncXIiRQ t.co/HQIYZTV9zh
Two weeks after the 2022 midterm elections, it’s becoming clearer where tax policy may be headed for the rest of the year and into 2023. taxfoundation.org/federal-tax-la…
The 2022 midterm elections are wrapping up, and taxpayers are looking at a divided Congress for the next two years. Here's what these elections mean for tax policy: buzzsprout.com/1264889/117097…
Retweeted by Tax Foundation
Although Massachusetts has borne the unflattering moniker “Taxachusetts” in the past and had begun shedding that reputation, the retirement of the flat rate system after 105 years marks a seismic shift back to uncompetitiveness. taxfoundation.org/question-1-mas… @tevermeer #ma #maleg
How does your state rank on corporate taxes? These 5 states are most in need of corporate tax reform, according to our 2023 𝘚𝘵𝘢𝘵𝘦 𝘉𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘛𝘢𝘹 𝘊𝘭𝘪𝘮𝘢𝘵𝘦 𝘐𝘯𝘥𝘦𝘹: 50. Delaware 49. Oregon 48. New Jerseyhubs.ly/Q01sYVJ_0nLGYN t.co/cZisXJDwZR
Here's a simple, time-tested way for state lawmakers to eliminate tax compliance headaches for commuting or hybrid workers: adopt tax reciprocity with border states so someone working across a border only has to file and pay taxes to their home state. taxfoundation.org/state-reciproc…
Retweeted by Tax Foundation
How will the tax policies in the Inflation Reduction Act impact the economy, revenue, inflation, and taxpayers? hubs.ly/Q01svnzm0
Retweeted by Tax Foundation
What do Americans value when deciding where to live? Taxes are one such factor. The latest #IRS and #Census data show that people and businesses favor states with low and structurally sound tax systems, which can impact the state’s economic growth and governmental coffers.
New research finds that while the benefits of personal income tax cuts are often concentrated in the short run, corporate income tax cuts generate “large and persistent” positive effects on the economy in the long run. hubs.ly/Q01svpyc0 @alex_durante_
Consumption taxes and social security contributions—both taxes with a very broad base—raise much of the additional revenue needed to fund large-scale public programs in Scandinavian countries. Insights into the Tax Systems of Scandinavian Countries: hubs.ly/Q01svmHn0
Reviewing reported income helps to understand the composition of the federal government’s revenue base and how Americans earn their taxable income. Explore the data: hubs.ly/Q01svjwl0
The sales tax is too important a part of states’ revenue toolkits to be permitted further erosion. Sales tax modernization is a vital project of the 2020s. Policy analyst @janellefrittsexplains more 👇 hubs.ly/Q01svk9x0L
Trade-offs in tax policy abound. Research finds that the effects of tax increases impact the larger economy and cannot be constrained simply to those subject to the higher tax rate. hubs.ly/Q01svkSv0
Tax burdens in 2020, 2021, and 2022 are higher than in any other year since 1978. States with the 𝗵𝗶𝗴𝗵𝗲𝘀𝘁 state-local tax burdens in 2022: 1. New York 2. Connecticut 3. Hawaii 4. Vermont 5. California 6. New Jersey 7. Illinois 8. Virginia 9. Delaware 10.0Rj48uc
📈 10 federal tax reforms for growth and opportunity hubs.ly/Q01sv9_R0X0
When examining tax burdens on businesses, it's important to consider both federal and state corporate taxes. Corporate taxes are one of the most economically damaging ways to raise revenue and are a promising area of reform. hubs.ly/Q01svc_Y0
Taxes were on the ballot in several states. Here's what voters decided on Election Day: hubs.ly/Q01svjds0
Consumption taxes and social security contributions—both taxes with a very broad base—raise much of the additional revenue needed to fund large-scale public programs in Scandinavian countries. hubs.ly/Q01sv9zG0
Tax policy is one reason spiked seltzer products like White Claw® and Truly® have taken off. Producers have found a way to make it by fermenting (vs. distilling) sugar. Since it’s brewed like beer, it’s taxed like it too, avoiding distilled spirits taxes. hubs.ly/Q01svlR80
📊 𝗖𝗵𝗶𝗹𝗱 𝘁𝗮𝘅 𝗰𝗿𝗲𝗱𝗶𝘁 As we near this year’s “lame duck” session of Congress, there has been renewed interest in reforming the child tax credit as part of a tax deal. Our new modeling highlights the trade-offs that policymakhubs.ly/Q01svqv-0tt.co/y8WiksWC6p
Does your state have a marriage penalty? hubs.ly/Q01svbVB0 @janellefritts
The structure of your state's tax code matters. hubs.ly/Q01svb9M0
The Inflation Reduction Act gives us a glimpse into a future where the U.S. and EU opt for protectionist tax and trade policies rather than implementing principled tax policies and reducing trade barriers between allies. hubs.ly/Q01svbYt0
It's become popular, in states which tax groceries, for lawmakers to propose reductions or repeal. But new research finds this actually 𝘪𝘯𝘤𝘳𝘦𝘢𝘴𝘦𝘴 tax liability for the lowest-earning households compared to raising the same amount with a lohubs.ly/Q01sv9nc0c4Q3okPRf
The legal marijuana market is projected to be worth up to $30 billion by 2023, three times that of McDonald’s sales revenue in the U.S. Learn more: hubs.ly/Q01svjdq0
Federal tax collections are approaching the highest levels in U.S. history set during World War II and again during the dot-com bubble in 2000.
How will the tax policies in the Inflation Reduction Act impact the economy, revenue, inflation, and taxpayers? hubs.ly/Q01svnzm0
Where do people pay the most in property taxes? Launch our new interactive map: hubs.ly/Q01svc_X0 @janellefritts
Tax extenders are different this year. Usually, there's a big bag of small expiring policies. But many of those provisions either were already extended or already expired. Instead, Congress faces a few big issues. From me and @GS_Watson: taxfoundation.org/tax-extenders-…
Retweeted by Tax Foundation
50 states. Over 40 measures of tax rates, collections, burdens, and more. hubs.ly/Q01sv9nd0
The Inflation Reduction Act's corporate minimum tax may seem like it was inspired by the global minimum tax. Both taxes are aimed at large companies, use financial accounting rules for the tax base, and apply a 15% rate. But that's where similarities end: hubs.ly/Q01sv62Y0
Remote and flexible work opportunities are here to stay, whether states like it or not. These new work opportunities are a welcome change for many workers, but it can be a nightmare come tax season. taxfoundation.org/state-reciproc… @JaredWalczak
Retweeted by Tax Foundation
Reciprocity agreements can help lower-tax states attract residents and may help higher-tax states retain job opportunities. But the most compelling reason to act is to relieve taxpayers of an onerous burden, revising tax codes to better align with the way we now live and work.
An old idea—state reciprocity agreements—can come to the rescue of a new economic reality. Under these agreements, neighboring states could agree to tax cross-border workers entirely based on residency, avoiding the complexities of taxpayers filing in two states.
The business tax changes originally introduced in the Tax Cuts and Jobs Act are scheduled to increase tax burdens on businesses at a time when economic headwinds and broader uncertainty are higher than they have been in decades: analysis hubs.ly/Q01st6k90
Remote and flexible work opportunities are here to stay, whether states like it or not. These new work opportunities are a welcome change for many workers, but it can be a nightmare come tax season. taxfoundation.org/state-reciproc… @JaredWalczak
While the Trump tariffs were intended to protect American industries, they have largely hurt the U.S. economy by burdening U.S. industry and workers, according to new analysis. 👇
Retweeted by Tax Foundation
The jobs “saved” in the steel-producing industries from President Trump's Section 232 tariffs came at a high cost to consumers, at roughly $650,000 per job: analysis hubs.ly/Q01smbdl0
While the Trump tariffs were intended to protect American industries, they have largely hurt the U.S. economy by burdening U.S. industry and workers, according to new analysis. 👇
How does your state collect tax revenue?
Job creation tax credits. Investment tax credits. Research and development tax credits. Payroll withholding tax rebates. Property tax abatements. Studies have shown that tax incentives often fail to live up to expectations. hubs.ly/Q01smFJg0 @KELoughead
⚡ Stay informed on the tax policies impacting you. Select from any of our free newsletters below to get the latest tax data, news and analysis delivered directly to your inbox.
Policymakers face a difficult balancing act this year in what is likely to be an unusual tax extenders season. taxfoundation.org/tax-extenders-… @ahardtospell @GS_Watson
Making 100 percent bonus depreciation permanent would boost economic growth and American incomes in any economic environment, but this policy change would be especially valuable if #inflation remains elevated in the coming years. Our latest analysis: hubs.ly/Q01skX5q0
Twiends™ uses the Twitter™ API, displays it's logo & trademarks, and is not endorsed or certified by them. These items remain the property of Twitter. We do not sell followers, we only provide display advertising. Bots & fake accounts are not permitted on twiends. © 2009
Grow Your Twitter Free
Want To Grow Your Twitter?
We help other people find and follow you on Twitter.
Key Info:
Started in 2009
Over 6 million signups
Country targeting provided
We never auto tweet to your timeline
We never auto follow others
We actively moderate our community
Please Share
Please upgrade your browser  chrome