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Macroeconomics & Economic Policy
Tag: tax code
A New Tax Proposal Aims to Shore Up Social Security by Expanding the Payroll Tax Base to Employer Fringe Benefits
As the looming insolvency of the Social Security trust funds draws closer, policymakers and economic analysts are increasingly exploring innovative ways to secure long-term revenue. Traditional debates around shoring up the program have largely centered on raising the overall payroll tax rate or lifting the payroll tax cap to subject a greater portion of high-earner…
Spain’s Central Government Urged to Overhaul Tax Policies Following Slide in Global Competitiveness Rankings
Spain’s central government could learn valuable lessons about sound tax policy from both its own regional administrations and neighboring European countries, according to a sweeping new analysis. In the newly released 2026 International Tax Competitiveness Index (ITCI), Spain has suffered a notable decline, dropping sharply from 27th to 35th place out of 38 Organisation for…
Misunderstandings Persist Over Full Expensing and AI Data Center Investments Amid Tax Reform Debates
As scrutiny surrounding massive capital investments in artificial intelligence and data center infrastructure intensifies, tax policy debates have increasingly turned toward the mechanics of corporate taxation. At the center of these discussions is the One Big Beautiful Bill Act (OBBBA), landmark legislation that permanently improved the corporate tax system by securing permanent bonus depreciation for…
Tax Foundation Models Options to Reform Tax Exemptions for Large US Nonprofit Hospitals as Revenues and Consolidation Surge
As the American healthcare landscape continues to evolve through rapid consolidation and rising revenues, tax-exempt hospitals are facing intense scrutiny from lawmakers across the political spectrum. Representing a substantial share of medical care across the United States, nongovernment tax-exempt community hospitals account for nearly half of the approximately 6,100 hospitals operating nationwide. However, as these…
Wyoming Voters Face a ‘Choose-Your-Own-Adventure’ Tax Dilemma as Proposition 1 Looms
If having one property tax exemption is good, then having two is preferable, and three is better still. Or at least, that seems to be the underlying logic across many U.S. states, where lawmakers and voters continue to pile on new property tax relief measures that rarely cohere and sometimes work at cross purposes. But…
Demystifying Tax Season: A Comprehensive Guide to Calculating Your Taxable Income and Liability
As tax filing season approaches year after year, millions of Americans find themselves grappling with the complexities of the United States tax code, searching for clarity on how much they will ultimately owe or whether they can expect a refund from the federal government. At the center of this annual financial exercise is a fundamental…
Demystifying the Tax Code: How Your Taxable Income Is Actually Calculated
As tax filing season approaches each year, millions of Americans face the familiar and often daunting task of calculating how much they owe to the federal government or whether they are due a refund. Behind the complex maze of forms, documentation, and compliance requirements lies a single foundational metric that dictates the entire outcome: your…
Demystifying Tax Season: A Comprehensive Guide to Calculating Your Taxable Income and Liability
As tax filing season approaches, millions of American taxpayers face the annual ritual of gathering documents, reviewing earnings, and attempting to decipher the complex machinery of the federal tax system. For many, the central question remains deceptively simple: How much will I actually owe, or conversely, will the government owe me a refund? According to…
Wyoming Voters Face a Complex Tax Crossroads as State Considers a Third Homestead Exemption
If having one property tax exemption is good, then having two is preferable, and three is better still. Or at least, that seems to be the logic guiding many state lawmakers and voters across the United States, where relief measures are frequently piled on top of one another without a cohesive framework. These overlapping policies…
Wyoming’s Proposed Ballot Measure Threatens Tax System with Overlapping Exemptions and Budgetary Strain
If having one property tax exemption is good, then having two is preferable, and three is better still. Or at least, that seems to be the underlying logic guiding many state legislatures, where lawmakers and voters increasingly pile on new property tax relief measures that rarely cohere and sometimes work at cross purposes. But in…
