Americans Are Moving to States with Lower Taxes and Sound Tax Structures
The IRS’s 2022‑2023 migration data shows millions of Americans shifting from high‑tax states to lower‑tax jurisdictions. Texas (+56,473 filers) and Florida (+55,349) led the inbound wave, while California (‑100,397) and New York (‑71,987) saw the largest outflows. Net adjusted gross income (AGI) followed the same pattern, with Florida gaining $20.6 billion and California losing $11.9 billion. Although taxes are not the sole driver, they account for roughly 11% of the migration decision, underscoring the fiscal pull of competitive tax structures.
Windfall Profits Taxes on Oil and Gas Should Be Left in the Past
Five EU member states are urging the European Commission to revive a windfall‑profits levy on oil and gas firms, echoing the 2022 “solidarity contribution.” The original EU‑wide tax collected roughly €26 billion ($28 billion) in 2022‑23 but covered only a fraction of...
After Pandemic Relief Ended, CBO Shows Federal Taxes Remained Progressive in 2022
The Congressional Budget Office’s 2022 income distribution report shows the federal tax and transfer system stayed progressive after pandemic relief expired. Household after‑tax income growth slowed, driven by the loss of recovery rebates, expanded unemployment benefits, and the temporary child‑tax‑credit...
Yes, the California Wealth Tax Could Tax Voting Interests
California’s proposed wealth tax could base liability on founders’ voting interests rather than pure economic ownership, sparking alarm over super‑voting shares. The ballot language treats any interest that confers voting or control rights as a valuation floor, meaning founders may...
Testimony: The Impact of the 2025 Reconciliation Law’s Tax Changes on Small Businesses and Lessons for Future Tax Reform
The 2025 reconciliation law cemented key TCJA provisions, making the 20% Section 199A deduction, permanent lower individual tax brackets, 100% bonus depreciation, and full R&D expensing permanent for small businesses. It also doubled the Section 179 expensing limit to $2.5 million and restored...
Tariffs by Another Name: How Discriminatory Taxes on Cross-Border Services Threaten America’s Export Edge
Cross‑border services are increasingly subject to discriminatory taxes that function like tariffs, undermining the United States’ export advantage. The paper highlights three case studies—the UN’s proposed withholding tax framework, European digital services taxes, and the U.S. base erosion and anti‑abuse...
American Compass’s “Tariff Tally” Doesn’t Add Up
American Compass’s "Tariff Tally" claims that Trump‑era tariffs modestly raise prices, boost manufacturing demand, spur investment, and lift growth. Independent research shows tariffs largely passed through to import prices (86‑95%), added about 0.76 percentage points to headline inflation, and produced mixed...
Remote Work and State Taxes: What You Need to Know
The Tax Foundation’s Katherine Loughead explained that 22 states technically require a tax return even for a single hour of work, such as babysitting, highlighting the tangled web of non‑resident income‑tax rules. The discussion, hosted on The Deduction podcast, focused...
The OBBBA Improved the Treatment of Investment—But There’s Still Work to Do
The One Big Beautiful Bill Act (OBBBA) makes key expensing provisions permanent, allowing companies to immediately write off equipment, machinery, and domestic R&D costs. It also expands Section 179 for small businesses and adds a temporary expensing rule for new manufacturing...
How Smart Policy Can Unlock VAT’s Revenue Potential
European policymakers face a €773.5 billion actionable VAT policy gap in 2024, six times larger than the compliance gap. VAT provides roughly 20 % of EU tax revenue and underpins about 9.5 % of the EU budget. The gap stems from reduced rates...
We Tracked Every Trump Tariff Change for a Year. Here’s What We Found.
On April 2, 2025 President Trump instituted sweeping reciprocal tariffs, branding them as a catalyst for an investment surge, higher federal revenue, debt reduction, and lower consumer prices. A year later, analysts Kyle Hulehan and Erica York examined customs data,...
Road Taxes and Funding by State, 2026
A new analysis shows that only two states—Maryland and New Jersey—cover 100% of highway spending through road‑use taxes and fees, while the other 48 states and the District of Columbia rely on general funds. In FY 2023 the national average of...
Kansas Property Tax Reform Should Prioritize Neutrality and Minimize Economic Distortions
Kansas lawmakers advanced two property‑tax reforms: Senate SCR 1616 would cap assessed‑value growth at 3 percent annually, while House HB 2745 would impose a 3‑percent levy limit with a voter‑protest mechanism and an exemption for school districts. The assessment limit risks creating gaps...
Colorado Considers Legislation to Tax Phantom Income
Colorado’s HB 1221 would overhaul the state’s alternative minimum tax and net operating loss rules, effectively taxing income that has not yet been realized. The bill proposes repealing the AMT credit, creating double taxation on accelerated depreciation and incentive‑stock‑option gains. It...
New Mexico Could Backslide If It Decouples From Pro-Growth Tax Policy
New Mexico’s Senate Bill 151 would decouple the state from the federal One Big Beautiful Bill Act, ending conformity with 100% bonus depreciation and adding net CFC‑tested income to the corporate tax base. The proposal also eliminates any foreign‑tax credit, creating double taxation...