Tax Foundation

@TaxFoundation

Leading nonpartisan tax policy research and analysis

Washington, DC

Joined October 2008

875Following

62KFollowers

Pinned

Tax Foundation@TaxFoundation · Jul 16

⚡️ Our new analysis finds that the Trump tariffs threaten to offset much of the benefits of the new "Big Beautiful Bill" tax cuts, while falling short of paying for them.

TaxFoundation's tweet image. ⚡️ Our new analysis finds that the Trump tariffs threaten to offset much of the benefits of the new "Big Beautiful Bill" tax cuts, while falling short of paying for them.

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Tax Foundation@TaxFoundation · 1 h

With pandemic-era savings now fully depleted and the majority of Americans pointing to their finances as their biggest source of stress, one thing is clear: the US needs policies that help people save more. Read more: hubs.ly/Q03x_q8d0 via @TaxEDU_

TaxFoundation's tweet card. With pandemic-era savings now fully depleted, one thing is clear: the US needs tax reform that helps people save more.

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Tax Foundation@TaxFoundation · 3 h

The One Big Beautiful Bill’s changes to the taxation of international income have surprising implications for state codes, yielding tax increases and a revised tax base that, through quirks of state incorporation, bears very little resemblance to the federal base and almost…

TaxFoundation's tweet image. The One Big Beautiful Bill’s changes to the taxation of international income have surprising implications for state codes, yielding tax increases and a revised tax base that, through quirks of state incorporation, bears very little resemblance to the federal base and almost…

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Tax Foundation@TaxFoundation · 5 h

Our analysis finds that the Trump tariffs threaten to offset much of the benefits of the new "Big Beautiful Bill" tax cuts, while falling short of paying for them.

TaxFoundation's tweet image. Our analysis finds that the Trump tariffs threaten to offset much of the benefits of the new "Big Beautiful Bill" tax cuts, while falling short of paying for them.

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Tax Foundation@TaxFoundation · 7 h

Rather than adding another overly complicated savings vehicle to the mix, the ideal solution would be to scrap the current piecemeal savings system in favor of universal savings accounts. hubs.ly/Q03x_r7s0 @ahardtospell

TaxFoundation's tweet card. If the federal government really wanted to make saving more accessible for taxpayers, it would swap the proposal for Trump Accounts to replace the complicated mess of savings accounts currently...

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Tax Foundation@TaxFoundation · 9 h

The most competitive tax codes in the OECD: 1. 🇪🇪 Estonia 2. 🇱🇻 Latvia 3. 🇳🇿 New Zealand 4. 🇨🇭 Switzerland 5. 🇱🇹 Lithuania 6. 🇱🇺 Luxembourg 7. 🇭🇺 Hungary 8. 🇨🇿 Czech Republic 9. 🇸🇰 Slovak Republic 10. 🇮🇱 Israel

TaxFoundation's tweet image. The most competitive tax codes in the OECD:

1. 🇪🇪 Estonia
2. 🇱🇻 Latvia
3. 🇳🇿 New Zealand
4. 🇨🇭 Switzerland
5. 🇱🇹 Lithuania
6. 🇱🇺 Luxembourg
7. 🇭🇺 Hungary
8. 🇨🇿 Czech Republic
9. 🇸🇰 Slovak Republic
10. 🇮🇱 Israel

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Tax Foundation@TaxFoundation · Jul 19

In recent years, highway funding has exceeded highway revenues, and the introduction of electric vehicles has made the gas tax increasingly obsolete. Read more: hubs.ly/Q03xCNN30

TaxFoundation's tweet image. In recent years, highway funding has exceeded highway revenues, and the introduction of electric vehicles has made the gas tax increasingly obsolete.

Read more: hubs.ly/Q03xCNN30

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Tax Foundation@TaxFoundation · Jul 18

Who really pays tariffs? US firms and consumers, through higher prices. hubs.ly/Q03xD3J40

TaxFoundation's tweet card. Contrary to President Trump’s claims, Americans will bear the costs of the next trade war in the form of lower incomes as tariffs cause prices of imported goods to rise.

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Tax Foundation@TaxFoundation · Jul 18

In 2022 the major college sports leagues (Big 10, Big 12, NCAA etc.) collectively earned $𝟑.𝟑 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 in program service revenues—mostly TV rights—all of which is untaxed. hubs.ly/Q03xCNWz0

TaxFoundation's tweet card. Moving from one athletic conference to another can mean millions in additional revenue sharing from lucrative broadcasting contracts and other revenue streams, all tax-free.

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Tax Foundation@TaxFoundation · Jul 18

Policymakers continue to debate international tax rules after the US gained agreement on a new approach at the G7 that could result in US anti-avoidance policies existing side-by-side with the global minimum tax. More from @danieldbunn: hubs.ly/Q03xCN-P0 #dst

TaxFoundation's tweet card. Policymakers continue to debate international tax rules after the US gained agreement on a new approach at the G7 that could result in US anti-avoidance policies existing side-by-side with the global...

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Tax Foundation@TaxFoundation · Jul 18

⚡️ Tracking the economic impact of the Trump tariffs: Per US household, the tariffs altogether would amount to an average tax increase of nearly $1,300 in 2025 and nearly $1,700 in 2026.

TaxFoundation's tweet image. ⚡️ Tracking the economic impact of the Trump tariffs:

Per US household, the tariffs altogether would amount to an average tax increase of nearly $1,300 in 2025 and nearly $1,700 in 2026.

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Tax Foundation@TaxFoundation · Jul 18

The 10 states most in need of reform in the 2025 Index: 41. Massachusetts 42. Hawaii 43. Vermont 44. Minnesota 45. Washington 46. Maryland 47. Connecticut 48. California 49. New Jersey 50. New York hubs.ly/Q03xD5g00

TaxFoundation's tweet card. While there are many ways to show how much state governments collect in taxes, the Index evaluates how well states structure their tax systems and provides a road map for improvement

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Tax Foundation@TaxFoundation · Jul 18

Working from home is great. The tax complications? Not so much. hubs.ly/Q03xxWSx0 #remotework #taxes

TaxFoundation's tweet card. Working from home is great. The tax complications? Not so much.

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Tax Foundation@TaxFoundation · Jul 17

What's in the One Big Beautiful Bill: 🟢 The Good 🟠 The Bad 🔴 The Ugly hubs.ly/Q03xnztJ0 @danieldbunn @ahardtospell @EconoWill

TaxFoundation's tweet card. Policymakers have passed legislation to extend many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) alongside dozens of new tax provisions.

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Tax Foundation@TaxFoundation · Jul 17

We provided an analysis of the key features of the Estonian income tax system—a simple, flat individual income tax combined with a distributed profits tax—and its potential effects if implemented in the United States. Growth & Opportunity Tax Plan: hubs.ly/Q03xnyRw0

TaxFoundation's tweet image. We provided an analysis of the key features of the Estonian income tax system—a simple, flat individual income tax combined with a distributed profits tax—and its potential effects if implemented in the United States.

Growth &amp;amp; Opportunity Tax Plan: hubs.ly/Q03xnyRw0

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Tax Foundation@TaxFoundation · Jul 17

Business investment in the UK significantly increased after two pro-investment reforms to depreciation allowances. Read more: hubs.ly/Q03xnzdB0 #uk #taxreform

TaxFoundation's tweet card. The UK economy is experiencing an upsurge in business fixed investment following two pro-growth tax changes. In the second quarter of 2023, business investment was 9.4 percent higher than the same...

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Tax Foundation@TaxFoundation · Jul 17

Politicians often bemoan the trade deficit, but their disdain for this economic statistic is largely misplaced. The trade deficit reflects deeper choices about how we use our money, and reducing it may require lowering our standard of living. hubs.ly/Q03xnD-L0 via @TaxEDU_

TaxFoundation's tweet card. Politicians often bemoan the trade deficit, but their disdain for this economic statistic is largely misplaced. The trade deficit reflects deeper choices about how we use our money, and reducing it...

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Tax Foundation@TaxFoundation · Jul 17

Catastrophic rhetoric about US manufacturing is not justified. The tariffs are extremely counterproductive. Still, all is not well in the US manufacturing sector. What should we do? Read more: hubs.ly/Q03xnz0p0

TaxFoundation's tweet card. Catastrophic rhetoric about US manufacturing is not justified. The tariffs are extremely counterproductive. Still, all is not well in the US manufacturing sector. What should we do?

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Tax Foundation@TaxFoundation · Jul 17

Summer has arrived, and states are beginning to implement policy changes that were enacted during this year’s legislative session (or that have delayed effective dates or are being phased in over time). See how your state's tax code has changed: hubs.ly/Q03xnD0Z0

TaxFoundation's tweet card. Summer has arrived, and states are beginning to implement policy changes that were enacted during this year’s legislative session (or that have delayed effective dates or are being phased in over...

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Tax Foundation@TaxFoundation · Jul 16

The aim of patent boxes is generally to encourage and attract local research and development (R&D) and to incentivize businesses to locate IP in the country. However, patent boxes can introduce another level of complexity to a tax system, and some recent research questions…

TaxFoundation's tweet image. The aim of patent boxes is generally to encourage and attract local research and development (R&amp;D) and to incentivize businesses to locate IP in the country. However, patent boxes can introduce another level of complexity to a tax system, and some recent research questions…

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