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Unless Congress acts, Americans are in for a tax hike in 2026. Find out how the TCJA expiration or extension will affect taxpayers like yourself with our 𝟐𝟎𝟐𝟔 𝐓𝐚𝐱 𝐑𝐞𝐟𝐨𝐫𝐦 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐨𝐫: hubs.ly/Q02NDTPl0

VP Kamala Harris has embraced President Biden's tax increases in the FY 2025 budget, including a new measure requiring taxpayers with over $100 million in net wealth to pay a minimum tax on unrealized capital gains from assets like stocks and bonds. hubs.ly/Q02NHcQm0

Eliminating the property tax will unfortunately set North Dakota back in significant ways, making the state a national outlier and eroding regional competitiveness. Read more: hubs.ly/Q02NDMjQ0

NEW PAPER Sales taxes bases have been eroding for decades, yielding both higher rates on the remaining base and greater reliance on income taxes. That's bad news because sales taxes are more pro-growth than income taxes. Modernizing the sales tax can help reverse this trend.

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. See county-level migration patterns in 2021-2022: hubs.ly/Q02NrH9x0 Andrey Yushkov

WW2 transformed the US tax code in several ways: how much revenue we raise, which taxes we collect, and how we collect them. Plus, accelerated depreciation's role in the defense buildup? From me Tax Foundation: taxfoundation.org/blog/world-war…

Numerous studies have shown that state tax incentives often fail to live up to expectations for inducing job creation and growth. hubs.ly/Q02NDXZS0

The sales tax is the second-largest source of state tax revenue and an important source of local tax revenue, but decades of base erosion threaten the tax’s share of overall revenue and have prompted years of countervailing rate increases. hubs.ly/Q02NPQDy0 Jared Walczak

Depending on the outcome of the 2024 US election, the current corporate tax rate of 21 percent could be in for a change. The 21% rate brought the US rate in line with other industrialized countries after years of being the highest. See our modeling here: hubs.ly/Q02NDSPm0

World War II shaped many aspects of the modern world, including the US tax code. But the dramatic changes to our system that military mobilization required didn’t subside when the fighting finished; they’ve persisted to today. Read more: hubs.ly/Q02NvKg70 via 💡 TaxEDU

Replacing the individual income tax with tariffs is completely unrealistic. Read more: hubs.ly/Q02NTyLz0 #trump #tariffs #taxes #income

At the end of 2025, the individual tax provisions in the TCJA expire all at once. Without congressional action, most taxpayers will see a notable tax increase relative to current policy in 2026. Explore the impact by congressional district: hubs.ly/Q02NThZb0

Tariffs imposed by the Trump administration in 2018 and 2019 amounted to a nearly $80 billion tax increase, one of the largest in decades: analysis hubs.ly/Q02NThnq0

With Americans spending more on restaurant meals than ever before, meals taxes are attractive to policymakers for their revenue-generating quality. That, however, doesn't make them good policy. More here: hubs.ly/Q02NF0tn0 Andrey Yushkov #mealstaxes #taxes #economy

If lawmakers believe new revenues are essential to address the budget crisis or offset the cost of extending the TCJA, they must select the least harmful approaches to raising these funds to avoid hindering economic growth. Read more: hubs.ly/Q02NDX-p0 Scott Hodge

While many factors influence business location and investment decisions, sales taxes are something within policymakers’ control that can have immediate impacts—especially as a large number of major cities have combined rates of 9 percent or more. hubs.ly/Q02NF0tr0

Americans will spend more than 7.9 billion hours complying with IRS tax filing and reporting requirements in 2024. This is equal to 3.8 million full-time workers doing nothing but tax return paperwork—roughly equal to the population of Los Angeles. hubs.ly/Q02NDRB00

Americans are leaving high-tax states for lower-tax, lower-cost alternatives. The top 5 states experiencing inbound migration are: 1. South Carolina 2. Delaware 3. North Carolina 4. Tennessee 5. Florida Explore the data here: hubs.ly/Q02Nw1zB0 #taxes #migration

Exempting Social Security benefits from income tax would increase the budget deficit by about $1.6 trillion over 10 years and accelerate the insolvency of the Social Security and Medicare trust funds. hubs.ly/Q02NF3WT0 Garrett Watson

Where do the 2024 presidential candidates stand on taxes? Launch our new interactive tracker: hubs.ly/Q02NF8130