Tax Foundation

10/13/2026

California's billionaire tax is on the ballot this November, and it raises more questions than answers. From lost government revenue to legal battles that could drag on for years, what would this first-in-the-nation wealth tax actually do?

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California's billionaire tax is on the ballot this November, and it raises more questions than answers. From lost government revenue to legal battles that could drag on for years, what would this first-in-the-nation wealth tax actually do?

10/13/2026

Among the 25 states with the most competitive tax structures (per our State Tax Competitiveness Index), the majority experienced net inbound migration of both population and income.

Read more: https://hubs.ly/Q04zVb5w0

10/12/2026

Congress has passed some major simplifying reforms in recent years, but the tax code has still grown more complex over the past few decades. New carveouts, savings vehicles, and targeted tax increases would complicate it further.

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Congress has passed some major simplifying reforms in recent years, but the tax code has still grown more complex over the past few decades. New carveouts, savings vehicles, and targeted tax increases would complicate it further.

10/12/2026

How do taxes in California compare to other states?

Get facts about taxes in your state and around the US: https://hubs.ly/Q04zMhmD0

10/11/2026

The OBBBA made substantial improvements to cost recovery, but more opportunities remain for policymakers looking to improve the investment climate in the US.

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The One Big Beautiful Bill Act made substantial improvements to cost recovery, but more opportunities remain for policymakers looking to improve the investment climate in the US.

10/10/2026

Americans will spend 6.9 billion hours complying with IRS tax filing and reporting requirements in 2026, costing about $387 billion in lost productivity. Including an additional $157 billion in out-of-pocket costs, complying with the federal tax code will cost Americans more than $544 billion this year, over 1.7 percent of GDP.

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Americans will spend 6.9 billion hours complying with IRS tax filing and reporting requirements in 2026, costing about $387 billion in lost productivity. Including an additional $157 billion in out-of-pocket costs, complying with the federal tax code will cost Americans more than $544 billion this y...

10/09/2026

Tax Foundation’s new book, Options for Reforming America’s Tax Code 3.0, models the economic, distributional, and revenue effects of 86 different changes to the tax code.

Here are the top 5 pro-growth options:

Some taxes have more powerful economic effects than others, and that’s a lesson policymakers should absorb as they work to craft a tax code that encourages growth and raises sustainable revenue.

10/09/2026

How we support savings in the US is too complex, and Trump Accounts worsen the problem.

If lawmakers truly want to increase savings for taxpayers from day one, they should look to the UK and Canada, which have done it successfully for many years.

Read our op-ed:

Trump Accounts worsen the problem of too-complex savings in America. Lawmakers should look to the UK and Canada for policy inspiration.

10/08/2026

Jock taxes on highly paid athletes and entertainers are here to stay, but states could make life easier for the rest of us, at very little cost, by adopting reasonable nonresident filing and withholding thresholds for ordinary taxpayers.

https://hubs.ly/Q04zly8T0

Jock taxes on highly paid athletes and entertainers are here to stay, but states could make life easier for the rest of us, at very little cost, by adopting reasonable nonresident filing and withholding thresholds for ordinary taxpayers.

10/08/2026

Rather than continuing the Trump administration’s tariff policy, policymakers should explore new solutions that can raise sustainable revenue with fewer distortions, like replacing the tariffs with a value-added tax.

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Rather than continuing the Trump administration’s tariff policy, policymakers should explore new solutions that can raise sustainable revenue with fewer distortions, like replacing the tariffs with a value-added tax.