The Latest Breaking News from Tax Foundation

Why the Social Security Administration Loves Trump’s ‘Big Beautiful Bill’ — Should You?

Here's why the SSA loves the OBBB and what it really means for retired Americans.

GOBankingRates · Jul 26, 2025

Scott Bessent Takes Premature Victory Lap on Tariff Revenues

Collections represented a surge in imports trying to beat higher rates—with a slump to follow.

Reason · Jul 18, 2025

Mississippi Tax Guide

Explore Mississippi's state tax rates for income, sales, property, retirement, and more. Learn how Mississippi compares nationwide.

Kiplinger · Jul 5, 2025

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 · May 23, 2025

Trump’s tax hike on millionaires is back on the table—but experts say it won't make a dent in the ultra-rich

The richest sliver of Americans now own a record share of the wealth, and tweaking income taxes is unlikely to change that.

Fortune · May 11, 2025

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 · May 6, 2025

Gen X, Boomers, Millennials, or Gen Z: Which Generation Pays the Most 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 · Apr 17, 2025

Even on Pause, Trump's Trade War Runs Up a Big Price Tag

Predictions vary as to the ultimate cost, but there’s no doubt that tariffs create economic pain.

Reason · Apr 14, 2025

Despite Trump Pause, Overall US Tariff Rate At Highest In A Century

US President Donald Trump's delay of steeper tariffs may have won brief respite on Wall Street, but analysts say his actions -- which hit China especially hard -- already bring the average US effective tariff rate to its highest in over a century.

International Business Times · Apr 11, 2025

Did Donald Trump impose ‘the largest tax hike in our lifetime’?

Tariffs act as a tax on imports, raising prices for consumers. They might be the highest since 1951.

Al Jazeera · Apr 8, 2025