Americans are leaving high-tax, high-cost-of-living states in favor of lower-tax, lower-cost alternatives. The top 10 states experiencing inbound migration are: 1. South Carolina 2. Delaware 3. North Carolina 4. Tennessee 5. Florida 6. Montana 7. Idaho 8. Maine 9. Texas 10. Alabama Explore the data here: https://hubs.ly/Q02H4GgX0 #taxes #migration
Tax Foundation
Public Policy Offices
Washington, DC 35,005 followers
The world's leading nonpartisan tax policy 501(c)(3) nonprofit.
About us
The Tax Foundation is the world's leading nonpartisan tax policy 501(c)(3) nonprofit. For over 80 years, our mission has remained the same: to improve lives through tax policies that lead to greater economic growth and opportunity. Our vision is a world where the tax code doesn’t stand in the way of success. Every day, our team of trusted experts strives towards that vision by remaining principled, insightful, and engaged and by advancing the principles of sound tax policy: simplicity, neutrality, transparency, and stability. What We Do: • Research • Data • Education • Tax Modeling
- Website
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https://taxfoundation.org/tax-newsletter/
External link for Tax Foundation
- Industry
- Public Policy Offices
- Company size
- 11-50 employees
- Headquarters
- Washington, DC
- Type
- Nonprofit
- Founded
- 1937
- Specialties
- Public Policy, Economic Analysis, Tax Policy, trade analysis, Tax, Tax Law, Federal Tax, State Tax, and International Tax
Locations
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Primary
1325 G Street NW
Suite 950
Washington, DC 20005, US
Employees at Tax Foundation
Updates
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California’s proposed data extraction mitigation fee is modeled after Maryland’s digital advertising tax, which has been mired in litigation since its inception and is very likely unconstitutional and in conflict with federal law. Read more: https://hubs.ly/Q02H4Vvr0 #california
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States that have prioritized tax competitiveness have done better than their status quo peers. Between calendar years 2019 and 2023, 27 states that cut the rate of a major tax experienced a 9.8 percent tax revenue increase, while states that didn’t cut any of these taxes—or, in a few cases, increased them—saw tax revenues grow by 6.2 percent. https://hubs.ly/Q02H4R2C0 #taxcuts #taxpolicy #statetaxes
Can States Afford Their Recent Tax Cuts?
https://taxfoundation.org
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A new report from the Congressional Budget Office (CBO) predicts that, after the upcoming expirations of the Tax Cuts and Jobs Act (TCJA), income tax revenue will jump 11 percent in 2026 and another 10 percent in 2027 before returning to normal growth between 3 percent and 4 percent annually. While the higher revenue from individual taxpayers may help the country’s fiscal situation, it would come at an economic cost. Read more: https://hubs.ly/Q02H4M4Y0
Latest CBO Projections Highlight Fiscal Challenge of Full TCJA Extension
https://taxfoundation.org
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⚡️ ANALYSIS: If Trump's two major tariff increases are implemented and met with in-kind retaliation from all trading partners, it would more than offset the entire benefit of the major tax cuts for economic output and jobs, resulting in a net loss for the US economy. See more: https://hubs.ly/Q02H4PB20
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Where do the presidential candidates stand on taxes? Launch our 2024 tax tracker: https://hubs.ly/Q02H4QNL0 #Election2024
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The early evidence indicates that making a “good return greater” through Opportunity Zone tax incentives is an ineffective and poorly targeted way to raise the living standards of low-income residents. https://hubs.ly/Q02GXmSc0
Opportunity Zones “Make a Good Return Greater,” but Not for Poor Residents
https://taxfoundation.org
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Do you know if your state has a marriage penalty? If you do, married couples in your state who file jointly have a higher tax rate than they would if they filed as two single individuals with the same amount of combined income. More here: https://hubs.ly/Q02GX2VT0 #taxes
Does Your State Have a Marriage Penalty?
https://taxfoundation.org
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Given the positive contribution of full expensing to economic growth and that the UK already incurred the peak-year costs due to the existing policy, it is imperative to maintain it permanently. Read more: https://hubs.ly/Q02GWLYx0
Understanding Full Expensing in the United Kingdom
https://taxfoundation.org
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Puerto Rico, a US territory with a limited ability to set its own tax policies, will be the first part of the US to be affected by Pillar Two, the global tax agreement that seeks to establish a 15% minimum tax rate on corporate income. Read more: https://hubs.ly/Q02GWYQj0
Puerto Rican Competitiveness and Pillar Two
https://taxfoundation.org