Tax Foundation

1. New OECD Data Reveals Decline in U.S. Tax Wedge Is an Outcome of Tax Reform

   A new report from the Organisation for Economic Co-operation and Development (OECD) shows that the U.S. tax wedge—the difference between total labor costs to the employer and the corresponding net take-home pay of the employee—declined from 2017 to 2018. That outcome, as detailed in Taxing Wages 2019, is primarily because of the individual income tax […]

2. Oregon’s Proposed Corporate Activity Tax Would Harm Low-Income Oregonians the Most

   Oregon is moving closer to enacting a new gross receipts tax to support public education funding. The Joint Committee on Student Success is holding public hearings on House Bill 3427, which outlines improvements to the state’s public education system. Revenue from the proposed gross receipts tax would support the Student Success Fund, which is the […]

3. Why State-for-Local Tax Swaps Are So Hard to Do

   Tax reform is hard. But sometimes local tax reform makes it look easy, particularly when those reforms involve a state-for-local tax swap. Currently, both Texas and Nebraska are considering state-for-local tax swaps, but they’re running into an old problem: frequently, only a net tax cut can ensure that most taxpayers are not worse off, while […]

4. Tax Treaty Network of European Countries

   In an increasingly globalized world, many individuals and corporations work and do business abroad. As a result, jurisdictions need to define how income earned in foreign countries is taxed. Otherwise, income could be taxed in more than one country, resulting in double taxation. To avoid this, countries have negotiated double tax agreements (DTAs). These tax […]

5. An Analysis of Senator Warren’s ‘Real Corporate Profits Tax’

   Sen. Warren's “Real Corporate Profits Tax” would reduce the incentive to invest in the United States, and result in a 1.9 percent smaller economy, 1.5 percent lower wages, and 454,000 fewer full-time jobs. The surtax would raise $476 billion between 2020 and 2029 on a dynamic basis.