Tax Foundation

Tax Foundation

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Leading nonpartisan tax policy research and analysis. 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.

Targeting High Earners is Misguided and Will Worsen States’ Fiscal Positions 06/18/2026

Wealth taxes make states less competitive, increase revenue volatility, discourage investment, and risk accelerating outmigration of talent and capital. Many top-earners are already leaving high-tax states for Florida, North Carolina, and other low-tax jurisdictions.

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Targeting High Earners is Misguided and Will Worsen States’ Fiscal Positions High-tax states are targeting high earners and the wealthy with new or increased tax burdens, hurting the states' overall competitiveness.

06/17/2026

Only two states raise enough revenue from road taxes to fully cover their highway spending: Maryland and New Jersey.

Because road use fees fall short of fully funding roadway systems in most states, governments must transfer revenues from other sources to road expenditures.

A better long-term fix would be to shift funding from increasingly inappropriate proxies for road use to a direct user fee on each mile driven, a vehicle miles traveled (VMT) tax.

Learn more: https://hubs.ly/Q04lBTBT0

06/17/2026

Americans spend 7.1 billion hours a year on tax paperwork—equal to 3.4 million full-time workers.

06/16/2026

Twenty-three states have reduced their top marginal income tax rates since 2021. Both the average and median top rate on wage income are now 5.0 percent, with recent cuts accelerating a trend of rate reductions dating back three decades.

Learn more: https://hubs.ly/Q04lsxt80

06/16/2026

💡 Millions of Americans, along with significant amounts of income and economic activity, are moving from high-tax states to those with more competitive tax systems and lower overall costs of living.

06/15/2026

Explore the IRS inflation-adjusted 2026 tax brackets, for which taxpayers will file tax returns in early 2027.

See more: https://hubs.ly/Q04lgFv10

06/15/2026

In recent years, European Union countries have experienced high inflation—driven by supply factors, demand, and imported inflation—that has significantly altered the economic landscape. This shift from low to high prices has profound implications, especially from a fiscal perspective.

Our research focuses on the inflationary environment’s fiscal consequences. Read more: https://hubs.ly/Q04lf9Sw0

06/15/2026

In 2022, incomes for the bottom 80 percent of earners were slightly lower after taxes and transfers compared to 2020 and 2021, driven by expiring pandemic-era policies.

Learn more: https://hubs.ly/Q04lg8qS0

06/14/2026

📩 Select from any of our free newsletters to get the latest tax data, news and analysis delivered directly to your inbox: https://hubs.ly/Q04lgjqc0

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