6+ day, 15+ hour ago  (26+ words) Analysis of the 2026 Billionaire Tax Act, a California ballot measure to impose a one-time tax of 5 percent on the net worth of billionaires....

18+ hour, 51+ min ago  (231+ words) Minnesota's tax code is already one of the least competitive in the country. This new tax would make a bad situation worse. Abir Mandal is a Senior Policy Analyst at the Tax Foundation, focused on state tax policy. Dr. Mandal…...

2+ week, 1+ day ago  (499+ words) California lawmakers are considering mandating worldwide combined reporting, bringing back a policy the state abandoned in the 1980s due to strong pushback from international trading partners and the federal government. The policy failed to work as intended then, even beyond the…...

2+ week, 2+ day ago  (291+ words) The map below shows the gains and losses in income tax returns filed, the number of residents on those tax returns, and the AGI attributable to interstate migration for each state. Some counties gain interstate but lose intrastate (e. g. , Harris County,…...

2+ week, 2+ day ago  (345+ words) Chair Kornheiser and Members of the Ways and Means Committee: No state makes tax changes in a vacuum. Any substantive changes a state makes will improve or harm its competitiveness compared to other states, affecting population, jobs, and the economy....

2+ mon, 1+ day ago  (481+ words) Senator Bernie Sanders (I-VT) recently introduced legislation that would impose a 5 percent annual wealth tax on billionaires and use the revenue to fund direct payments to Americans and expand social welfare programs. However, a 5 percent wealth tax would invite significant…...

3+ mon, 1+ week ago  (615+ words) Could states replace their current income and sales taxes with new, broad-based sales taxes at an average rate of 6. 23 percent? That's the assessment of the White House Council of Economic Advisors (CEA), but that attractively low rate does not withstand…...

3+ mon, 3+ week ago  (1309+ words) The poorly drafted initiative creates many scenarios in which tax liability would be vastly more than 5 percent of net worth, but this analysis focuses on six of them: Under the initiative, "For any interests that confer voting or other direct…...