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Tax Foundation

  1. A recent New York Times editorial examines the latest data on stock buybacks as evidence that the Tax Cuts and Jobs Act’s corporate tax rate cut isn’t working as intended. Instead of increasing business investment and boosting wages, they argue, the law has only helped the wealthy via an increase in stock buybacks in recent […]
  2. This map shows the real value of $100 in each state. Prices for the same goods are often much cheaper in states like Missouri or Ohio than they are in states like New York or California. As a result, the same amount of cash can buy you comparatively more in a low-price state than in […]
  3. Key Findings: A new study, “The Missing Profits of Nations,” by a trio of authors (Zucman et al.), has received attention for quantifying the popular belief that multinational corporations are shifting large amounts of profits to tax havens. The study estimates the amount of global profit shifting at more than $600 billion, thus depriving governments […]
  4. Our new analysis on the impact of cutting the corporate income tax rate explains how the reduction helps increase growth in the long run. But one question I’ve been asked repeatedly today is, “What is the impact of the corporate rate cut on old investments?” We have a larger piece of research coming out soon […]
  5. Key Findings The new federal tax law cuts federal taxes for most filers in Virginia, but absent legislative action, many Virginians will experience an unlegislated increase in their state tax liability. This additional liability is because federal tax reform broadened the tax base while reducing tax rates, with some of the base-broadening provisions–but not the […]

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