Expensing for capital investment is not a special tax break. Expensing aligns the timing of tax deductions with the timing of actual capital expenditures so that the tax code does not discourage ...

Tax pyramiding occurs when the same final good or service is taxed multiple times along the production process. This yields vastly different effective tax rates depending on the length of the supply ...

Our Tariff Tracker analyzes how changes in US tariff policy affect tariff rates, the balance of trade, customs duties collections, the US economy, federal tax revenues, and US taxpayer and household ...

Your feedback helps us make our research easier to find and use. In 1980, corporate tax rates around the world averaged 40.11 percent, and 46.52 percent when weighted by GDP.[1] Since then countries ...

A well-designed tax trigger can be a highly valuable tool for lawmakers seeking both tax reform and revenue stability. States should embrace established baselines adjusted for inflation, use ...

A state with an abundance of natural resources, like North Dakota, might turn predominantly to severance taxes, while one with a high volume of tourists, like Florida, can see value in relying heavily ...

As lawmakers work through the reconciliation process, permanently enacting improvements to deductions for capital investment and research and development (R&D) costs will create an economically ...

At the end of 2025, the individual 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 ...

(a) California and Virginia levy statewide add-on sales taxes at the local level; these are included in their state sales tax rates. Central Virginia, Northern Virginia, and Hampton Roads, Virginia, ...

A capital allowanceA capital allowance is the amount of capital investment costs, or money directed towards a company’s long-term growth, a business can deduct each year from its revenue via ...

Retail sales taxes are an essential part of most states’ revenue toolkits, responsible for 32 percent of state tax collections and 13 percent of local tax collections (24 percent of combined ...

Economists tend to love property taxes; the public is likely to view this as more proof, as if it were needed, of John Maynard Keynes’ observation that economics is extremely useful—as a form of ...