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The Latest Breaking News from Tax Foundation

Trump’s tariffs cost American families $1,000 last year, and the Tax Foundation warns 2026 will be even worse

But we’re supposed to be richer than ever!

We Got This Covered

Yes, you're getting a bigger tax refund. Your kids won't thank you for the $3 trillion it's adding to the deficit

I’m the president and CEO of the Tax Foundation. We expect 71% of taxes to be paid by the top 20% of earners in 2026.

Fortune

10 Cheapest Places To Live in Florida

Make your Florida vacation spot a place for daily living — these counties have the lowest property tax bills in the state.

Kiplinger

From analysis to the latest developments in health,
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Trump's Tariff Stimulus Checks For 'Moderate-Income' Earners – Who's Really Getting $2,000?

Trump's proposed £2,000 tariff dividend would exclude 42% of households earning over $100,000, with experts warning costs far outweigh revenue—leaving many in limbo.

International Business Times UK

Money talks, but is Spain listening? Unpacking Madrid's tax policy

As Europe doubles down on a competitiveness drive, experts warn that Spain’s tax policies could be hitting growth.

Euronews

I Asked ChatGPT About Tariffs — And Here’s Who It Said Is Impacted Most

To get a foundation into tariffs, I asked ChatGPT to explain tariffs to me in very rudimentary terms. And here's who it said would be impacted most.

GOBankingRates

Is Your State Coming For Your Online Sports Bets?

Several states are trying to hike sports betting tax rates in 2025. Here’s how it could affect you.

Kiplinger

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Trump warns of 68% tax hike if budget bill fails. Not true, say experts

Think tanks say the tax might rise by 7.5 percent if the ‘Big Beautiful Bill’ does not pass, rejecting Trump’s claims.

Al Jazeera

Republican tax bill would actually decrease the poorest Americans' incomes

Many Americans who make less than $51,000 a year would see their after-tax income fall if the legislation is passed as is.

Fortune

How much will Donald Trump’s tariffs cost US families?

US households will have to pay an estimated $4,000 more per year due to tariffs imposed by the US president.

Al Jazeera

Gen X, Boomers, Millennials, or Gen Z: Which Generation Pays the Most in Taxes?

Polls show that most people feel like taxes are unfair. But which age group bears the brunt of the tax burden in the United States?

Kiplinger

Ease the Tax Bite When You Tap Retirement Accounts

Savvy retirees tap retirement accounts with a tax plan. Each type of account may have different tax rules and rates, so know before withdrawing funds.

Kiplinger

Get Your Gross Sex Out of My Sick Politics!

Plus: "Black Nazi,” Oprah interviews Kamala, and yet another looming government shutdown.

Reason

Brace for Big Tax Hikes in 2026 Unless Congress Acts

The Tax Cuts and Jobs Act expires at the end of 2025, with a high price tag for most Americans.

Reason

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The Independent UK

As Biden, McCarthy butt heads on debt, what are differences?

There are stark differences in how President Joe Biden and House Speaker Kevin McCarthy want to shore up the government’s finances

Los Angeles Times

Michael Hiltzik: Wall Street Journal tells us to weep for the plight of the very, very rich

Coverage of the richest Americans in publications aimed at their tax bracket tend to fall into two genres.

WEKU

Black married couples face heavier tax penalties than white couples, a report says

The report is part of a growing body of research into whether institutions and policies reinforce preexisting racial disparities.

Fortune

More than half of states are considering personal income tax cuts this year

"States’ rainy day funds have never been better stocked."

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Tribune News Service

Is Texas a tax haven? Not for businesses that pay higher taxes than in other states

Texas takes pride in being a low-tax haven, thanks largely to being among the states that don’t have an individual income tax.

Fortune

How much America's richest people would pay under a billionaire tax is pretty complicated

Elon Musk and Bill Gates could owe billions under the Billionaire Minimum Income Tax. But how that tax would play out depends on several factors.

Tribune News Service

Newsom says 95% of Texans pay more than Californians in taxes. But is he correct?

Gov. Gavin Newsom recently proclaimed that “95% of Texans pay higher taxes than Californians.”

WEKU

Today’s Interview: Tax Foundation analyst reviews HB1, which would further reduce Kentucky’s inc

Today’s Interview: Tax Foundation analyst reviews HB1, which would further reduce Kentucky’s income tax

WEKU

Borrowers in 7 states may be taxed on their student loan cancellation

Seven states have tax policies on the books that could require them to treat student loans canceled by the federal government as taxable income.

The Independent UK

LOCALIZE IT: Student loan debt relief could bring tax bills

EDITORS/NEWS DIRECTORS:

The Independent UK

North Carolina says it will tax Biden’s student loan forgiveness, and 3 more states are likely to follow suit

Arkansas, Minnesota and Wisconsin could follow suit in taking the student loan forgiveness, The Tax Foundation says

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