Retirement Savings & Investment Tax Treatment in the OECD & EU
Universal savings accounts could be a simpler solution to many countries’ systems of private retirement savings investment tax treatment.| Tax Foundation
Universal savings accounts could be a simpler solution to many countries’ systems of private retirement savings investment tax treatment.| Tax Foundation
Adjusted gross income (AGI) is a taxpayer’s total income minus certain “above-the-line” deductions. It is a broad measure that includes income from wages, salaries, interest, dividends, retirement income, Social Security benefits, capital gains, business, and other sources, and subtracts specific deductions.| Tax Foundation
The Earned Income Tax Credit (EITC) is a refundable tax credit targeted at low-income workers. Learn more about the EITC and Child Tax Credit.| Tax Foundation
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).| Tax Foundation
For Congress, work on the One Big Beautiful Bill Act is done. But in state capitols, the work has not yet begun. Many of the tax changes in the federal reconciliation act flow through to state tax codes—automatically in some states, and subject to an update in states’ Internal Revenue Code conformity date in others.| Tax Foundation
If the federal government really wanted to make saving more accessible for taxpayers, it would swap the proposal for Trump Accounts to replace the complicated mess of savings accounts currently available with universal savings accounts.| Tax Foundation
Our preliminary analysis finds the tax provisions increase long-run GDP by 0.8 percent and reduce federal tax revenue by $4.0 trillion from 2025 through 2034 on a conventional basis before added interest costs.| Tax Foundation
Policymakers have passed legislation to extend many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) alongside dozens of new tax provisions.| Tax Foundation
The tariffs amount to an average tax increase of nearly $1,300 per US household in 2025.| Tax Foundation
