The Latest Breaking News from Tax Foundation

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.

Los Angeles Times · Mar 8, 2023

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.

WEKU · Feb 25, 2023

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

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

Fortune · Feb 14, 2023

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.

WEKU · Sep 9, 2022

LOCALIZE IT: Student loan debt relief could bring tax bills

EDITORS/NEWS DIRECTORS:

The Independent UK · Sep 4, 2022

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

The Independent UK · Sep 2, 2022

States tapping historic surpluses for tax cuts and rebates

State governments flush with money are returning billions of dollars to their residents

The Independent UK · Aug 31, 2022

Congress Just Passed the Inflation Reduction Act. It Will Hike Taxes on Some Middle-class Households.

It also spends billions on new green energy programs, and it lets the IRS hire 87,000 new agents.

Reason · Aug 12, 2022

A Global Tax Cartel Is Floundering. Good.

Just as you don't attract bees with vinegar, you don't attract corporations by promising to tax them heavily.

Reason · Jul 14, 2022

Proposed menthol ban highlights debate over ‘sin tax’ revenue

WASHINGTON — A proposed federal ban on menthol cigarettes has underscored the tension lawmakers face in using so-called “sin tax” revenue to fund critical social programs at the state and federal levels.

Tribune News Service · Jun 6, 2022