Tax Foundation @TaxFoundation
The world's leading nonpartisan tax policy 501(c)(3) nonprofit. Learn more about the principles of sound tax policy: https://t.co/5Pg5iwqGvL… taxfoundation.org/tax-newsletter Washington, DC Joined October 2008-
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If Vermont lawmakers were to raise rates, add burdensome transfer taxes, and fully tax GILTI and FDII, they would be pursuing unsound and uncompetitive tax policy that could hurt the state's economy. Read more: hubs.ly/Q02tcnHQ0 #vermont #vt
Biden’s FY 2025 budget would yield combined top marginal rates on individual income in excess of 50 percent in five states and DC: hubs.ly/Q02t3LnF0
Unfortunately, when it comes to the trade war tariffs, it seems both candidates support higher taxes on American consumers and the increased economic distortions that follow. Read more: hubs.ly/Q02tn0gK0 @ericadyork
Though providing permanent R&D expensing alone would not be a #China-competition magic bullet, it is a no-brainer place to start. In this technological race, we should first make sure we have not tied our own shoes together. Read More: hubs.ly/Q02s_V4f0
📊Sources of government revenue in the OECD, 2024 Policymakers should continue to explore ways to shift from more distortive taxes like those on income toward taxes that are less likely to cause economic disruptions like consumption or property taxes: hubs.ly/Q02s_-550
For most Americans, saving is a taxing experience. Our neighbors to the north have found a better solution—and U.S. lawmakers should take note. @EconoWill explains more: hubs.ly/Q02s_VXr0
Recent evidence from the academic literature suggests that the link between state income taxes and decisions regarding where to live and work may be strong. hubs.ly/Q02s_PqQ0 @a_yushkov #migration
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/Q02s_SN30
Tax season is a dreaded time for many, in large part due to the complexity involved in filing. Among the tax rules Americans understand the least—and also comply with the least—are nonresident income tax filing laws. Read more: hubs.ly/Q02s_V500 @KELoughead
Facts & Figures serves as a one-stop state tax data resource that compares all 50 states on over 40 measures of tax rates, collections, burdens, and more. Explore our data with our interactive tool: hubs.ly/Q02s_WXY0
Given that U.S. debt is roughly the size of our annual economic output, policymakers will face many tough fiscal choices in the coming years. The good news is there are policies that both support a larger economy and avoid adding to the debt. hubs.ly/Q02tcn6l0 @danieldbunn
We've updated our 2024 Presidential tax plan tracker to include President Biden's recent proposal to triple tariffs on Chinese steel and aluminum imports, which could have significant implications for trade and the U.S. economy. Explore more: hubs.ly/Q02tcj-30
Over the next 10 years, the IRA’s energy tax credits are projected to cost north of $1 trillion, adding to the federal government’s budgetary challenges and burgeoning debt. hubs.ly/Q02s_VXd0 @ahardtospell
By violating the principles of simplicity, neutrality, and stability, and failing to raise significant revenue, worldwide combined reporting at the state level is doomed to fail. hubs.ly/Q02s_NKR0 @a_yushkov
Tomorrow at 2pm, @Estonia_in_US is hosting an event where I'll be giving keynote remarks about the International Tax Competitiveness Index and @stanveuger will be moderating a discussion on pro-growth tax policy. You can register here: taxfoundation.wufoo.com/forms/qnzt3cl1…
Where do the 2024 presidential candidates stand on taxes? Launch our new interactive tracker: hubs.ly/Q02s_PqG0
State tax revenues are declining from record highs, raising questions about the affordability of recent tax cuts. Is there cause for concern? The empirical data strongly suggest that the answer is no. hubs.ly/Q02s_THx0 @JaredWalczak
If the U.S. taxed personal income in the same way that Denmark does, all income over $82,000 would be taxed at over 55 percent. hubs.ly/Q02s_SMK0
If reelected, President Trump would escalate the trade war he began. But it's often overlooked that President Biden has continued these policies, with his administration collecting even more tariff revenue from the trade wars than during Trump's term. hubs.ly/Q02t3NZw0
Of course, billions in added tax costs are not the only harm from the trade war. Far worse is that the 2018-2019 tariffs have had a net negative impact on the U.S. economy, a consensus that emerges from the economic literature on the trade war: taxfoundation.org/blog/biden-tru…
Kelly Phillips Erb @taxgirl
62K Followers 6K Following I share #tax and #law stories for @Forbes. Lawyer, writer, proud mom. Happiest with #coffee ☕ and my kids. Free tax newsletter signup at the link below.Brian Riedl 🧀 🇺.. @Brian_Riedl
28K Followers 804 Following Sr. Fellow @ManhattanInst Sen. Portman chief economist (2011-17), DC think tanker (2001-11), budget policy for 4 prez campaigns. Independent. Tweets mine.🏳️🌈Jeremy 'adjusted for .. @jmhorp
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19K Followers 716 Following Pioneering the CPA firm owner landscape. I also make YouTube videos :) YT: https://t.co/oXYIMA0U2oTax Notes @TaxNotes
34K Followers 3K Following Your #1 source for everything tax. News, commentary, analysis. Nonpartisan nonprofit. #LetsTalkTax & #TaxTwitter | Follow our journalists: https://t.co/1qgIlqOjrzBrian Streig, CPA @cbriancpa
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19K Followers 8K Following Proud girl-dad. Nonpartisan budget wonk + econ prof. Tweeting less - on fiscal & economic policy & the world. Thoughts are 𝐦𝐲 𝐨𝐰𝐧! Blue check mark.Alex Muresianu @ahardtospell
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0 Followers 9 Following USPSTAX is an independent organization within reach of the IRS that helps taxpayers and protects taxpayers rights.Gabriel Kohen, CPA @GabrielKohenCPA
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221 Followers 920 FollowingKelly Phillips Erb @taxgirl
62K Followers 6K Following I share #tax and #law stories for @Forbes. Lawyer, writer, proud mom. Happiest with #coffee ☕ and my kids. Free tax newsletter signup at the link below.Jeremy 'adjusted for .. @jmhorp
18K Followers 1K Following Dad, Economist, and Arkansan. Associate Professor @UCAbusiness, Director @ACRE_UCA, but these tweets are mine alone.Tax Notes @TaxNotes
34K Followers 3K Following Your #1 source for everything tax. News, commentary, analysis. Nonpartisan nonprofit. #LetsTalkTax & #TaxTwitter | Follow our journalists: https://t.co/1qgIlqOjrzMarc Goldwein @MarcGoldwein
19K Followers 8K Following Proud girl-dad. Nonpartisan budget wonk + econ prof. Tweeting less - on fiscal & economic policy & the world. Thoughts are 𝐦𝐲 𝐨𝐰𝐧! Blue check mark.Bloomberg Tax @tax
35K Followers 718 Following Leading source of tax & accounting news #TaxTwitter 📈 ✉️ Newsletter: https://t.co/va6t9e7VtA 🎧 Podcast: https://t.co/BJvNVIbhVnAlex Muresianu @ahardtospell
15K Followers 2K Following Federal Analyst @taxfoundation, alum @youngvoicesorg. 80s Pop Culture Enjoyer, Tax Reform Act of 1986 Disrespecter. Views my own.Richard Rubin @RichardRubinDC
39K Followers 719 Following I cover U.S. tax policy for the @WSJ. There is ALWAYS a tax angle. Retweets are not endorsements or tax advice.Rita de la Feria @delaFeriaR
12K Followers 993 Following Professor of Tax Law @Law_Leeds | IR Fellow @OxfordTax | Advisory Panel @OBR_UK | Tax Law, Policy and Enforcement | ViewsMyOwnDaniel Bunn @danieldbunn
3K Followers 1K Following President and CEO @taxfoundation. Work hard. Work smart. Work together.OECD Tax @OECDtax
33K Followers 862 Following Latest tax news & data from the OECD Centre for Tax Policy and Administration. 📰 Sign up for our weekly newsletter (link in bio)—sent every Thursday! #OECDtaxIRSnews @IRSnews
294K Followers 194 Following Helping you understand and meet your tax responsibilities. IRS doesn't collect comments on this site. Privacy Policy: https://t.co/2FwiuqHorOAlan Cole @AlanMCole
28K Followers 1K Following International and Federal Taxes @taxfoundation High Priest of #DBCFT TwitterJoe Bishop-Henchman �.. @jbhenchman
10K Followers 4K Following Husband to @ejbishoph. Executive VP @ntuf Taxpayer Defense Center. [email protected]. Adjunct @catoinstitute. Board @RaineyCenter. Advisory Bd @tax. Also @joe5f6Jared Walczak @JaredWalczak
4K Followers 1K Following Vice President of State Projects at the Tax Foundation.Joe Kristan @joebwan
5K Followers 2K Following Tax guy. https://t.co/AYoXyi1FU7. Eide Bailly LLP. Views are mine alone. (who else would want them?) Also at the sky place, same handle.Tax Policy Center @TaxPolicyCenter
44K Followers 695 Following Independent, timely, accessible analyses of current and emerging tax policy issues. (Links/RTs/favorites/follows/etc. are not endorsements.)Erica York @ericadyork
4K Followers 1K Following senior economist and research director @taxfoundation. adjunct instructor @sterlingclife. mom of two.Alex Parker @AlexParkerDC
7K Followers 5K Following DC tax wonk & writer. Fan of Purdue, Butler, Colts, Pacers & curiosity. Views are mine, or Batman's. Retweets are endorphins. https://t.co/Py8gLJNB7UThe Budget Lab @The_Budget_Lab
650 Followers 8 Following The Budget Lab at Yale is a non-partisan policy research center dedicated to providing in-depth analysis of federal proposals for the American economy.Gordon Gray @GordonGrayDC
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82 Followers 65 Following Pinpoint Policy Institute is a nonpartisan organization dedicated to promoting & defending the essential pillars of America’s economic growth and prosperity.IEA @iealondon
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2K Followers 485 Following Director General @EU_Taxud @EU_Commission All expressed views are my own.Cady Stanton @cady_stanton
3K Followers 1K Following Covering Capitol Hill for @TaxNotes, freelance reporter on LGBTQ issues, newsletter editor @gemahoyas, big WBB fan. Prev: @USATODAY, @PhoenixWinsted. she/herJedidiah Collins @FullbackFinance
18K Followers 469 Following NFL 🏈 ➡️ CFP💰 ➡️ College Professor 👨🏫 ➡️Author ✍️John 🧀 ... 🧀 @JohnMu
170K Followers 646 Following Make the web you want to find. He/Him/Cis ᐧ Google Search Advocate ᐧ Posts my own, not for resale ᐧ Official: @GoogleSearchC & https://t.co/FZQ90CoJkmBret Baier @BretBaier
1.5M Followers 9K Following Chief Political Anchor @FoxNews. Anchor & Executive Editor of @SpecialReport 6-time NYT bestselling author-“To Rescue The Constitution” is the latest on sale𝙿𝚊𝚞𝚕 𝚆.. @paulwinfree
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40 Followers 24 Following Adam Hoffer is the Director of Excise Tax Policy @TaxFoundation.Taxes do not need to be complicated to work well both for taxpayers & government ➡️ Estonia🇪🇪 Insightful discussion today at the Emb of Estonia. Thank you to @stanveuger, @danieldbunn, EE FinMin @MVorklaev, EE Gov. of Central Bank @madis_muller, @NormaLoayza & @dtortarolo
Attending an event with the @TaxFoundation at the @Estonia_in_US embassy in DC
Trump's tariffs are broad, blunt and impact every single consumer good --> raise families' costs $1500 / year. Biden's tariffs are targeted and tough to protect historic American manufacturing. That you guys don't get the difference is why your trade policy cost working families
Tomorrow at 2pm, @Estonia_in_US is hosting an event where I'll be giving keynote remarks about the International Tax Competitiveness Index and @stanveuger will be moderating a discussion on pro-growth tax policy. You can register here: taxfoundation.wufoo.com/forms/qnzt3cl1…
Of course, billions in added tax costs are not the only harm from the trade war. Far worse is that the 2018-2019 tariffs have had a net negative impact on the U.S. economy, a consensus that emerges from the economic literature on the trade war: taxfoundation.org/blog/biden-tru…
A timely & excellent new @ericadyork essay for @CatoInstitute's #CatoGlobalization project, covering everything you need to know re tariffs - how they work, who pays them, their history & economic costs, whether they can "fix" the trade deficit, etc. 💯
@CatoInstitute 🌎 Tariffs tend to raise prices, reduce economic activity and efficiency, and invite foreign retaliation and domestic political dysfunction. @ericadyork writes... cato.org/publications/s… /2
Of the $233 billion in customs duties raised from trade war tariffs, $144 billion was collected under Biden's watch. It appears that both Trump and Biden favor higher taxes on Americans through the trade war tariffs, and the increased economic distortions that follow.
My #CatoGlobalization essay on tariffs is out today. Some talk of tariffs as if they can raise revenue for the government and make citizens more prosperous and business endeavors more productive. But it is dubious to claim tariffs can be imposed with no economic trade‐offs. 🧵
Happy Tax Day! Don't forget today is the tax filing deadline.
It's Tax Day, which leads people to ask why the tax code can't be simpler. @TaxFoundation released a roughly revenue-neutral plan last year, which includes both a flat 20% rate and eliminates most deductions. I put together some sample taxpayers. taxfoundation.org/research/all/f…
It’s remarkable how pervasive the (incorrect) belief is that tax policy affects the economy by effectively handing individuals and businesses bags of cash - as if the only thing that matters is average rates rather than marginal rates.
This analysis by @keds_economist is incomplete. Yes, taxes impact aggregate demand the way she describes, but they also impact the after-tax return to productive activity. That's important in understanding why certain things were done in the TCJA. gop-waysandmeans.house.gov/wp-content/upl…
Unilateral tariffs aren't an effective approach. First because other countries are importing the stuff the U.S. stopped buying from China, and second, because the U.S. is importing more from those other countries thus indirectly still relying on imports from China.
New #FEDSNote: Global trade patterns in the wake of the 2018-2019 U.S.-China tariff hikes: federalreserve.gov/econres/notes/… #EconTwitter
Expiring 2017 Trump Tax Cuts Create a Chance for Reform by @RepKevinBrady and @djheakin: "The choice for Congress isn’t between going back to 2017 and stagnating in 2024. Lawmakers should take a clear look at the state of the tax code and make reforms aiming at enhanced fairness,…
“The policy is very bad. Tariffs make consumers poorer. They shrink the economy,” @alex_durante_ , an economist at the @TaxFoundation, a right-leaning think tank, told CNN in a phone interview. “This would probably be the most damaging part of a Trump 2.0 economic agenda.”…
Strong showing by @danieldbunn at the Senate Budget Hearing where he raised the baseline point distinguishing TAX EVASION (which no-one defends) from TAX AVOIDANCE (which Congress can fix). Regrettably NGOs often fail to make the distinction.
"Offshore tax evasion is a crime. And it’s far from a victimless crime, because it gives an unfair advantage to tax cheats at the expense of those who play by the rules." - @ZorkaMilin on the issue of offshore tax evasion, and presenting possible remedies before @SenateBudget
⚡️💸 It's hard to justify why EU countries still levy excise duty on electricity use when the sector's greenhouse gas emissions have long been directly limited under the EU ETS. Here's an overview of a tax without a cause. taxfoundation.org/data/all/eu/ex…
My review of @scottahodge's Taxocracy: What You Don't Know About Taxes and How They Rule Your Daily Life" washingtonexaminer.com/opinion/beltwa…
Congratulations, @scottahodge! Taxocracy is an entertaining and educational read. With so many open questions on tax policy these days, it's a great book that engages with the myths and mistakes that are all too common in tax.
Today is the official release day of my new book, "Taxocracy: What You Don't Know About Taxes and How They Rule Your Daily Life" now available on Amazon. Every tax can tell a story. Buy it now.
@scottahodge @ericadyork Arrived in the mail today!