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    <title>#1 Tax Blog | Tax Policy Blog | Tax Foundation</title>
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	<title>#1 Tax Blog | Tax Policy Blog | Tax Foundation</title>
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        <item>
      <title>Minnesota Should Not Pay for Bad Tax Policy with More Bad Tax Policy</title>
      <link>https://taxfoundation.org/blog/minnesota-income-tax-tips-overtime-exemption/</link>
      <dc:creator><![CDATA[Abir Mandal]]></dc:creator>
      <pubDate>April 27, 2026 18:07:16 +0000</pubDate>
      		<category><![CDATA[Child Tax Credit (CTC)]]></category>
		<category><![CDATA[State and Local Budgets and Spending]]></category>
		<category><![CDATA[State and Local Tax Collections]]></category>
		<category><![CDATA[State Tax Trends]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=197336</guid>

            <description><![CDATA[A pair of bills introduced in the Minnesota House—HF 3954 (overtime) and HF 3955 (tips)—would further erode the state’s tax climate by exempting certain overtime pay and tip income from Minnesota’s income tax.]]></description>
      
      
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        <item>
      <title>Testimony: Illinois “Millionaire’s Tax” Would Hurt Small Businesses, Exacerbate Outmigration</title>
      <link>https://taxfoundation.org/testimony/illinois-millionaire-tax/</link>
      <dc:creator><![CDATA[Katherine Loughead]]></dc:creator>
      <pubDate>April 24, 2026 14:39:06 +0000</pubDate>
      		<category><![CDATA[Flat Taxes]]></category>
		<category><![CDATA[Migration]]></category>
		<category><![CDATA[Millionaire Tax]]></category>
		<category><![CDATA[Millionaires and High Income Earners]]></category>
		<category><![CDATA[Pass-Through Businesses]]></category>
		<category><![CDATA[State and Local Budgets and Spending]]></category>
		<category><![CDATA[State and Local Tax Collections]]></category>
		<category><![CDATA[State Tax Trends]]></category>
		<category><![CDATA[Wealth Tax]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=testimony&#038;p=197329</guid>

            <description><![CDATA[Illinois' proposed Millionaire's Tax would raise taxes on Illinois families and businesses in an economically damaging way, further harming the state’s competitiveness and reducing economic opportunity even for those Illinois residents who would not owe the tax directly.]]></description>
      
      
          </item>
        <item>
      <title>California’s Mandatory Worldwide Combined Reporting Proposal Is a Mistake</title>
      <link>https://taxfoundation.org/blog/california-worldwide-combined-reporting-proposal/</link>
      <dc:creator><![CDATA[Jared Walczak]]></dc:creator>
      <pubDate>April 21, 2026 20:12:12 +0000</pubDate>
            <guid isPermaLink="false">https://taxfoundation.org/?p=197285</guid>

            <description><![CDATA[California lawmakers are considering mandating worldwide combined reporting, bringing back a policy the state abandoned in the 1980s due to strong pushback from international trading partners and the federal government. The policy failed to work as intended then and doesn’t make any better sense now.]]></description>
      
      
          </item>
        <item>
      <title>Oklahoma Proposes a More Principled Tax on Moist Snuff Tobacco</title>
      <link>https://taxfoundation.org/blog/oklahoma-tobacco-tax-proposal/</link>
      <dc:creator><![CDATA[Adam Hoffer, Jacob Macumber-Rosin]]></dc:creator>
      <pubDate>April 21, 2026 20:01:52 +0000</pubDate>
      		<category><![CDATA[E-Cigarette and Vaping Taxes]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=197292</guid>

            <description><![CDATA[A new bill in Oklahoma, HB 3983, could become a template for taxing moist snuff tobacco (MST) by weight rather than ad valorem.]]></description>
      
      
          </item>
        <item>
      <title>Tax Burden on Labor in Europe, 2026</title>
      <link>https://taxfoundation.org/data/all/eu/tax-burden-on-labor-europe/</link>
      <dc:creator><![CDATA[Alex Mengden, Michael Christl]]></dc:creator>
      <pubDate>April 20, 2026 21:04:31 +0000</pubDate>
      		<category><![CDATA[OECD]]></category>
		<category><![CDATA[Tax Burden]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-data&#038;p=188205</guid>

            <description><![CDATA[To make the taxation of labor more efficient, policymakers should understand their country’s tax wedge and how their tax burden funds government services.]]></description>
      
      
          </item>
        <item>
      <title>Americans Are Moving to States with Lower Taxes and Sound Tax Structures</title>
      <link>https://taxfoundation.org/data/all/state/state-migration-trends-map-americans-moving-population-changes/</link>
      <dc:creator><![CDATA[Abir Mandal]]></dc:creator>
      <pubDate>April 20, 2026 20:34:01 +0000</pubDate>
      		<category><![CDATA[Migration]]></category>
		<category><![CDATA[Revenue Stability]]></category>
		<category><![CDATA[State and Local Budgets and Spending]]></category>
		<category><![CDATA[State Tax Trends]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-data&#038;p=197200</guid>

            <description><![CDATA[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.]]></description>
      
      
          </item>
        <item>
      <title>Testimony: Vermont Would Tie for Highest Income Tax Rate in Country Under New Proposal</title>
      <link>https://taxfoundation.org/testimony/vermont-income-tax/</link>
      <dc:creator><![CDATA[Janelle Fritts]]></dc:creator>
      <pubDate>April 20, 2026 16:51:25 +0000</pubDate>
      		<category><![CDATA[State and Local Budgets and Spending]]></category>
		<category><![CDATA[State and Local Tax Collections]]></category>
		<category><![CDATA[State Tax Trends]]></category>
		<category><![CDATA[Wealth Tax]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=testimony&#038;p=197204</guid>

            <description><![CDATA[The proposed increase of Vermont's top income tax rate would have negative effects on the state's economy and competitiveness.]]></description>
      
      
          </item>
        <item>
      <title>Hochul’s Pied-à-Terre Tax: One More Bad Option to Close NYC Budget Gap</title>
      <link>https://taxfoundation.org/oped/new-york-city-property-tax-second-homes/</link>
      <dc:creator><![CDATA[Abir Mandal]]></dc:creator>
      <pubDate>April 18, 2026 15:25:29 +0000</pubDate>
      		<category><![CDATA[State and Local Budgets and Spending]]></category>
		<category><![CDATA[State and Local Tax Collections]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=oped&#038;p=197269</guid>

            <description><![CDATA[New York City's proposed “pied-à-terre” tax surcharge on second homes valued at over $5 million would impose higher costs for residents, reduce investment, and dim economic prospects.]]></description>
      
      
          </item>
        <item>
      <title>Tax Refunds Are Higher. That’s Only a Fraction of the Story.</title>
      <link>https://taxfoundation.org/oped/tax-refunds-obbba-tariffs/</link>
      <dc:creator><![CDATA[Daniel Bunn]]></dc:creator>
      <pubDate>April 17, 2026 15:21:06 +0000</pubDate>
      		<category><![CDATA[100 Percent Bonus Depreciation (Full Expensing)]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[One Big Beautiful Bill Act (OBBBA)]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=oped&#038;p=197263</guid>

            <description><![CDATA[For many, the OBBBA made tax filing easier and put more money back into their pockets. But it didn’t improve the grade for overall tax complexity for the US. It may actually make the situation worse. ]]></description>
      
      
          </item>
        <item>
      <title>Windfall Profits Taxes on Oil and Gas Should Be Left in the Past</title>
      <link>https://taxfoundation.org/research/all/eu/eu-windfall-profits-taxes-oil-gas-2026/</link>
      <dc:creator><![CDATA[Cristina Enache]]></dc:creator>
      <pubDate>April 17, 2026 08:55:42 +0000</pubDate>
      		<category><![CDATA[100 Percent Bonus Depreciation (Full Expensing)]]></category>
		<category><![CDATA[Capital Investment]]></category>
		<category><![CDATA[EU Green Transition]]></category>
		<category><![CDATA[EU Tax Proposals]]></category>
		<category><![CDATA[Windfall Profits Taxes]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-research&#038;p=197166</guid>

            <description><![CDATA[Windfall taxes, particularly those imposed on the oil and gas industry, often appear as a quick fix for governments seeking to raise revenue during periods of high commodity prices. However, while these taxes may offer short-term revenues, they can also trigger negative consequences that undermine their intended purpose.]]></description>
      
      
          </item>
        <item>
      <title>After Pandemic Relief Ended, CBO Shows Federal Taxes Remained Progressive in 2022</title>
      <link>https://taxfoundation.org/data/all/federal/us-income-growth-progressive-tax-code-2022/</link>
      <dc:creator><![CDATA[Garrett Watson, Emily Kraschel]]></dc:creator>
      <pubDate>April 16, 2026 18:16:33 +0000</pubDate>
      		<category><![CDATA[Child Tax Credit (CTC)]]></category>
		<category><![CDATA[Congressional Budget Office (CBO)]]></category>
		<category><![CDATA[Tax Cuts and Jobs Act (TCJA)]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-data&#038;p=197176</guid>

            <description><![CDATA[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.]]></description>
      
      
          </item>
        <item>
      <title>Tracking Three IRS Datapoints to Watch During the 2026 Tax Filing Season</title>
      <link>https://taxfoundation.org/blog/2026-irs-data-tax-filing-season/</link>
      <dc:creator><![CDATA[Erica York]]></dc:creator>
      <pubDate>April 16, 2026 16:13:29 +0000</pubDate>
      		<category><![CDATA[Internal Revenue Service (IRS)]]></category>
		<category><![CDATA[Tax Filing]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=195501</guid>

            <description><![CDATA[The total amount refunded as of the sixth week of reporting is running ahead of the past filing season by nearly $23 billion at $202.6 billion compared to $179.5 billion, while the average refund is up 10.9 percent at $3,571.]]></description>
      
      
          </item>
        <item>
      <title>Summary of the Latest Federal Income Tax Data, Tax Year 2023</title>
      <link>https://taxfoundation.org/data/all/federal/who-pays-federal-income-taxes-tax-year-2023/</link>
      <dc:creator><![CDATA[Erica York, Emily Kraschel]]></dc:creator>
      <pubDate>April 15, 2026 18:54:06 +0000</pubDate>
      		<category><![CDATA[Internal Revenue Service (IRS)]]></category>
		<category><![CDATA[Social Security]]></category>
		<category><![CDATA[Tax Cuts and Jobs Act (TCJA)]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-data&#038;p=197138</guid>

            <description><![CDATA[New IRS data shows the US federal income tax system continues to be progressive as high-income taxpayers pay the highest average income tax rates. Average tax rates for all income groups remain lower after the Tax Cuts and Jobs Act (TCJA).

]]></description>
      
      
          </item>
        <item>
      <title>Yes, the California Wealth Tax Could Tax Voting Interests</title>
      <link>https://taxfoundation.org/blog/california-wealth-tax-voting/</link>
      <dc:creator><![CDATA[Jared Walczak]]></dc:creator>
      <pubDate>April 15, 2026 15:37:47 +0000</pubDate>
      		<category><![CDATA[State and Local Budgets and Spending]]></category>
		<category><![CDATA[State and Local Tax Collections]]></category>
		<category><![CDATA[Wealth Tax]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=197116</guid>

            <description><![CDATA[The proposed California wealth tax could be levied on founders' voting interests in their companies, despite the initiative's drafters insisting otherwise.]]></description>
      
      
          </item>
        <item>
      <title>Testimony: The Impact of the 2025 Reconciliation Law’s Tax Changes on Small Businesses and Lessons for Future Tax Reform</title>
      <link>https://taxfoundation.org/testimony/testimony-the-impact-of-the-2025-reconciliation-laws/</link>
      <dc:creator><![CDATA[Garrett Watson]]></dc:creator>
      <pubDate>April 15, 2026 13:18:15 +0000</pubDate>
      		<category><![CDATA[100 Percent Bonus Depreciation (Full Expensing)]]></category>
		<category><![CDATA[Capital Investment]]></category>
		<category><![CDATA[Research and Development (R&D)]]></category>
		<category><![CDATA[Tax Cuts and Jobs Act (TCJA)]]></category>
		<category><![CDATA[Testimony]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=testimony&#038;p=197095</guid>

            <description><![CDATA[Policymakers should broaden and make permanent full expensing for additional asset classes and pursue structural reforms that reduce distortions in how businesses are taxed. A more consistent and predictable policy environment, paired with targeted improvements to loss treatment, R&#038;D incentives, and compliance burdens, would give small business owners greater confidence to invest, hire, and grow.]]></description>
      
      
          </item>
        <item>
      <title>Tariffs by Another Name: How Discriminatory Taxes on Cross-Border Services Threaten America’s Export Edge</title>
      <link>https://taxfoundation.org/research/all/global/tariffs-discriminatory-cross-border-services-taxes/</link>
      <dc:creator><![CDATA[Alan Cole]]></dc:creator>
      <pubDate>April 15, 2026 08:55:44 +0000</pubDate>
      		<category><![CDATA[Base Erosion and Anti-Abuse Tax (BEAT)]]></category>
		<category><![CDATA[Digital Taxation]]></category>
		<category><![CDATA[Double taxation]]></category>
		<category><![CDATA[Foreign Direct Investment (FDI)]]></category>
		<category><![CDATA[Global Tax Deal]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[OECD]]></category>
		<category><![CDATA[One Big Beautiful Bill Act (OBBBA)]]></category>
		<category><![CDATA[Tax Cuts and Jobs Act (TCJA)]]></category>
		<category><![CDATA[Tax Pyramiding]]></category>
		<category><![CDATA[United Nations (UN)]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-research&#038;p=197072</guid>

            <description><![CDATA[The US, as the world's largest services exporter, has a stronger interest in combating discriminatory services taxation than in pursuing tariffs.]]></description>
      
      
          </item>
        <item>
      <title>American Compass’s “Tariff Tally” Doesn’t Add Up</title>
      <link>https://taxfoundation.org/blog/american-compasss-tariff-tally-doesnt-add-up/</link>
      <dc:creator><![CDATA[Erica York, Alex Durante]]></dc:creator>
      <pubDate>April 13, 2026 15:03:23 +0000</pubDate>
      		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[Research and Development (R&D)]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=197056</guid>

            <description><![CDATA[The evidence overall paints a far different picture than American Compass presents, and a consistent theoretical framework undercuts its assertions of how tariffs should be expected to impact the economy moving forward.]]></description>
      
      
          </item>
        <item>
      <title>Ideas, Not Mandates: Lessons Learned from a Decade of International Tax Reform</title>
      <link>https://taxfoundation.org/research/all/global/international-tax-reform-lessons-learned/</link>
      <dc:creator><![CDATA[Alan Cole]]></dc:creator>
      <pubDate>April 13, 2026 08:55:37 +0000</pubDate>
      		<category><![CDATA[100 Percent Bonus Depreciation (Full Expensing)]]></category>
		<category><![CDATA[Base Erosion and Anti-Abuse Tax (BEAT)]]></category>
		<category><![CDATA[Base Erosion and Profit Shifting (BEPS)]]></category>
		<category><![CDATA[Flat Taxes]]></category>
		<category><![CDATA[Foreign Derived Intangible Income (FDII)]]></category>
		<category><![CDATA[Global Intangible Low Tax Income (GILTI)]]></category>
		<category><![CDATA[Global Tax Deal]]></category>
		<category><![CDATA[Neutral Cost Recovery]]></category>
		<category><![CDATA[OECD]]></category>
		<category><![CDATA[Tax Cuts and Jobs Act (TCJA)]]></category>
		<category><![CDATA[Wealth Tax]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-research&#038;p=197004</guid>

            <description><![CDATA[The past decade's record suggests that countries have reliable legislative methods to improve their tax systems through ordinary tax reforms.]]></description>
      
      
          </item>
        <item>
      <title>Recreational Marijuana Taxes by State, 2026</title>
      <link>https://taxfoundation.org/data/all/state/recreational-marijuana-taxes/</link>
      <dc:creator><![CDATA[Jacob Macumber-Rosin, Adam Hoffer]]></dc:creator>
      <pubDate>April 10, 2026 16:00:06 +0000</pubDate>
      		<category><![CDATA[State Tax Trends]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?post_type=all-data&#038;p=177694</guid>

            <description><![CDATA[Nearly half of US states regulate and tax recreational markets, and only 10 states still lack a comprehensive medical marijuana program. ]]></description>
      
      
          </item>
        <item>
      <title>Maine’s Proposed Millionaire’s Tax Would Harm the State’s Economy</title>
      <link>https://taxfoundation.org/blog/maine-millionaire-tax-harm-economy/</link>
      <dc:creator><![CDATA[Jared Walczak]]></dc:creator>
      <pubDate>April 10, 2026 15:54:29 +0000</pubDate>
      		<category><![CDATA[Millionaire Tax]]></category>
		<category><![CDATA[Millionaires and High Income Earners]]></category>
		<category><![CDATA[Pass-Through Businesses]]></category>
		<category><![CDATA[State Tax Trends]]></category>
      <guid isPermaLink="false">https://taxfoundation.org/?p=197044</guid>

            <description><![CDATA[Maine's proposed millionaire's tax would bring Maine's top income tax rate to 9.15 percent, dealing a blow to the state's economic competitiveness. ]]></description>
      
      
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