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,…
A Year After "Liberation Day," Trump Administration’s Tariff Promises Fail to Materialize, Economic Data Reveals
One year after President Trump proclaimed April 2 as "Liberation Day" for US trade, inaugurating a new tariff regime intended to reshape global commerce, a comprehensive review of economic data…
Colorado’s Controversial HB26-1221 Proposes Taxing "Phantom Income" Through AMT and NOL Changes
Colorado’s House Bill 26-1221 has ignited a significant debate within the state’s legislative and business communities, proposing two fundamental changes to its tax code that critics argue would generate revenue…

















