Tracking Three IRS Datapoints to Watch During the 2026 Tax Filing Season

As the 2026 tax filing season draws to a close, culminating in the April 15th deadline (or April 16th, 2026, due to Emancipation Day), tax policy experts, economists, and the…

European Windfall Taxes: A Deep Dive into Their Effectiveness and Enduring Economic Impact

The European Union and its Member States have repeatedly turned to windfall profit taxes on energy companies as a rapid response to soaring energy prices, first ignited by Russia’s invasion…

Federal Tax System Maintains Progressivity Despite Post-Pandemic Adjustments, CBO Reports.

The Congressional Budget Office (CBO) recently released its updated estimates on the distribution of US household income in 2022, offering a comprehensive look at the impact of federal transfers and…

IRS Data Confirms Progressive Nature of U.S. Federal Income Tax System for 2023, Highlighting Disproportionate Contributions from Top Earners

New data released by the Internal Revenue Service (IRS) for tax year 2023 unequivocally demonstrates the enduring progressive structure of the U.S. federal income tax system, with high-income taxpayers continuing…

Navigating the New Tax Landscape: How the 2025 Reconciliation Law Reshapes Small Business Taxation and What Lies Ahead

Washington D.C. – On April 15, 2026, Garrett Watson, Director of Policy Analysis at the Tax Foundation, delivered crucial testimony to the US House Small Business Committee, outlining the profound…

California’s Proposed Wealth Tax Sparks Intense Debate Over Founder Share Valuation

The proposed California wealth tax has ignited a contentious debate, particularly within the state’s powerful tech community, centering on how the assets of company founders, specifically their "super-voting" shares, would…

National Tax Reforms Drive Global Competitiveness Amidst Mixed Results from Multilateral Efforts, New Index Reveals

Over the past decade, significant improvements in national tax systems have primarily stemmed from independent legislative reforms rather than sweeping multilateral coordination initiatives, according to the latest International Tax Competitiveness…

Analysis Debunks Conservative Think Tank’s Positive Assessment of Trump-Era Tariffs One Year Post ‘Liberation Day’

One year after the Trump administration’s "Liberation Day" — the informal moniker for the imposition of a new global tariff policy — a comprehensive review of economic developments challenges the…

Maine Debates High-Earner Surtax Amidst National Tax Policy Divergence and Economic Competitiveness Concerns

As Maine lawmakers commence the critical task of finalizing the state budget, a contentious proposal to significantly increase the income tax rate for high earners has ignited a fervent debate…

2026 Recreational Marijuana Taxes by State

The landscape of recreational marijuana taxation across the United States in 2026 presents a complex and varied picture, reflecting a decade and a half of evolving state-level policy, economic imperatives,…