Categories
Uncategorized

The morning read for Tuesday, Sept. 21

Justices-in-public watch: 💥 Breyer continues book tour (including @colbertlateshow two nights ago).💥 Barrett gave a speech Sunday @uofl.💥 Thomas is slated to give the 2021 Tocqueville Lecture today @NotreDame (but, like Barrett’s speech, there is apparently no livestream). Source

Categories
Uncategorized

2021 Spanish Regional Tax Competitiveness Index

Note: Below is an excerpt of the 2021 Spanish Regional Tax Competitiveness Index (RTCI), a recent report published in collaboration with Fundación para el Avance de la Libertad. The RTCI for Spain is designed to analyze how well regions structure their tax systems, allows policymakers, businesses, and taxpayers to evaluate and measure how their regions’ tax systems compare, […]

Categories
Uncategorized

Yes, the U.S. Tax Code Is Progressive

As Congress considers several tax proposals designed to raise taxes on high-income earners, it’s worth considering the distribution of the existing tax code. While the image that rich Americans pay little taxes is popular, it’s a misconception: high-income individuals already pay a large share of taxes, even when compared to their share of national income. […]

Categories
Uncategorized

Military jurisdiction and two cases on arbitration and wage disputes

Petitions of the week By Andrew Hamm on Sep 17, 2021 at 3:17 pm This week we highlight cert petitions that ask the Supreme Court to consider, among other things, whether the Constitution limits court-martial jurisdiction over retired servicemembers, whether a plaintiff must prove prejudice to show that a defendant waived a right to arbitrate, […]

Categories
Uncategorized

The morning read for Friday, Sept. 17

Justices-in-public watch: 💥 Breyer continues book tour (including @colbertlateshow two nights ago).💥 Barrett gave a speech Sunday @uofl.💥 Thomas is slated to give the 2021 Tocqueville Lecture today @NotreDame (but, like Barrett’s speech, there is apparently no livestream). Source

Categories
Uncategorized

Top Tax Rate on Pass-through Business Income Would Exceed 50 Percent in Most States Under House Dems’ Plan

Under the House Democrats’ reconciliation plan, the top tax rate on pass-through business income would exceed 50 percent in most states. Pass-through businesses, such as sole proprietorships, S corporations, and partnerships, make up a majority of businesses and majority of private sector employment in the United States. The owners of these firms pay individual income tax on income derived from these […]

Categories
Uncategorized

How Would House Dems’ Tax Plan Change Competitiveness of U.S. Tax Code?

The International Tax Competitiveness Index has been used to compare the tax systems of OECD countries since 2014. At that time, the United States ranked 28th out of 36 countries in the Index. Following the 2017 tax reform, the rank improved dramatically, to 20th, and the U.S. now ranks 21st. The legislation put forward by […]

Categories
Uncategorized

Build Back Better Act: Details & Analysis of the $3.5 Trillion Budget Reconciliation Bill

Preliminary Revenue and Economic Estimates Revenue (Trillions) Long-run GDP Wages FTE Jobs Source: Tax Foundation Taxes and Growth Model, September 2021. Democratic lawmakers on the House Ways and Means Committee have advanced legislation containing the tax elements of President Biden’s Build Back Better agenda. The draft legislation could be modified by the House Rules Committee […]

Categories
Uncategorized

The morning read for Thursday, Sept. 16

Justices-in-public watch: 💥 Breyer continues book tour (including @colbertlateshow two nights ago).💥 Barrett gave a speech Sunday @uofl.💥 Thomas is slated to give the 2021 Tocqueville Lecture today @NotreDame (but, like Barrett’s speech, there is apparently no livestream). Source

Categories
Uncategorized

U.S. Would Have Third-Highest Corporate Tax Rate in OECD Under Ways and Means Plan

Was this page helpful to you? Thank You! The Tax Foundation works hard to provide insightful tax policy analysis. Our work depends on support from members of the public like you. Would you consider contributing to our work? Contribute to the Tax Foundation Share This Article! Let us know how we can better serve you! […]