Note: The following is Tax Foundation testimony submitted to the Nebraska Revenue Committee ahead of the hearing on LB754 on... View Article
Forty-three states adopted tax relief in 2021 or 2022—often in both years—and of those, 21 cut state income tax rates.... View Article
More than 170 countries worldwide—including all European countries—levy a Value-Added Tax (VAT) on goods and services. As today’s tax map... View Article
The rate of inflation has slowed markedly in recent months, even declining slightly in December—but at year’s end, prices were... View Article
New Internal Revenue Service (IRS) data on individual income taxes for tax year 2020 shows the federal income tax system... View Article
The FairTax is a proposal to replace all major sources of the federal government’s revenue—the individual income tax, corporate income... View Article
New York Governor Kathy Hochul (D) has her sights trained on tobacco. Earlier this month, she proposed increasing the New York... View Article
Key Findings Forty-four states levy a corporate income tax. Rates range from 2.5 percent in North Carolina to 11.5 percent... View Article
Last week, the Organisation for Economic Co-operation and Development (OECD) released new revenue estimates for the global minimum tax and... View Article
Heading into the 2011 elections, only two of West Virginia’s 34 state senators were Republicans. Today, only three of them... View Article
