Tax Foundation

1. Mississippi Nears Income Tax Repeal but Additional Work Is Necessary

   Before declaring victory, it is imperative to get the details right. The latest proposal is a drastic improvement over the last one, but there is still more work to be done if the Magnolia State is to sustain the intended transformation.

2. Taxes, Fiscal Policy, and Inflation

   Consumer prices rose by 7 percent in 2021, the highest annual rate of inflation since 1982. Where did this inflation come from and what might its impacts be? Tax and fiscal policy offer important clues.

3. Summary of the Latest Federal Income Tax Data, 2022 Update

   The latest IRS data shows that the U.S. federal individual income tax continued to be progressive, borne primarily by the highest income earners.

4. What the U.S. Can Learn from the Adoption (and Repeal) of Wealth Taxes in the OECD

   Recent discussions of a proposed wealth tax for the United States have included little information about trends in wealth taxation among other developed nations. However, those trends and the current state of wealth taxes in OECD countries can provide context for U.S. proposals.

5. State Corporate Income Tax Rates and Brackets for 2022

   Forty-four states levy a corporate income tax. Rates range from 2.5 percent in North Carolina to 11.5 percent in New Jersey.