Taxes

Alcohol Tax Modernization: ABV Tax and other Drink Tax Reforms Skip to content December 19, 2023December 18, 202318 min readBy: Adam Hoffer Table of Contents Key Findings Alcohol is one of the most highly taxed products in the United States. The federal government takes a categorical approach to alcohol taxation (e.g., taxing based on classification

Virginia Governor Youngkin Tax Plan: Details & Analysis Skip to content Home • Blog • Governor Youngkin Unveils a New Tax Plan for Virginia On December 20th, Virginia Governor Glenn Youngkin (R) unveiled the contours of a taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or

Connecticut Tax Changes Effective January 1, 2024 Prior to 2018, pass-through entities were not subject to entity-level tax in the state as income was realized by the entity’s owners. However, in 2018, the state opted to institute the pass-through entity tax (PTET), which created a tax at the entity level with two base options. This

Ukraine Tax System Competitiveness vs. EU Member States Skip to content Home • Blog • European Tax Policy Scorecard: How Competitive is Ukraine’s Tax System Relative to EU Member States? On 14 December, the European Council agreed to open accession negotiations with Ukraine. Negotiators from the European Union and Ukraine will now decide what reforms

Boston Tea Party 250th Anniversary: What Really Happened Skip to content Home • Blog • The Short Form: What’s the Tea? 250 Years since the Boston Tea Party This is part of our educational blog series, “The Short Form,” to simplify tax issues and explore the world through the lens of tax policy. Learn more

Is the Republican Foreign Pollution Fee Act a Carbon Price? Skip to content Home • Blog • Is the Foreign Pollution Fee Act a Carbon Price? A national-level carbon price—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

Retirement Saving Reforms: Details & Analysis Skip to content Home • Blog • How Recent Reforms to Retirement Saving Will Impact Taxpayers in 2024 and Beyond As part of an omnibus spending package last December, Congress enacted several changes to retirement savings accounts that are scheduled to phase in over the next several years. The

Treasury Public Input Pillar One Response Skip to content Table of Contents 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 activities. Foundation appreciates the opportunity to respond to the Treasury Department’s request for public

Personal Property Tax Exemptions for Small Businesses Skip to content Table of Contents Key Findings Most states 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 activities. business personal property (machinery, equipment, fixtures, electronics, etc.),

SALT Deduction Cap Design Options: Details & Analysis Skip to content Home • Blog • Policymakers Must Weigh the Revenue, Distributional, and Economic Trade-Offs of SALT Deduction Cap Design Options Heading into 2024, Congress is inching closer to a raft of taxA tax is a mandatory payment or charge collected by local, state, and national

Cigarette Taxes | Cigarette Smuggling by State | Tax Foundation Skip to content Home • Data • Cigarette Taxes and Cigarette Smuggling by State, 2021 December 5, 2023December 4, 202317 min readBy: Adam Hoffer Table of Contents Key Findings: Excessive taxA tax is a mandatory payment or charge collected by local, state, and national governments

2023 Tax Extenders: Details & Analysis Skip to content Home • Blog • Tax Extenders in 2023: Three Major Business Provisions and an Expanded Child Credit? For many years, December in Washington, D.C., has been taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to