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
Wireless consumers continue to be burdened with high taxes, fees, and government surcharges in many states and localities throughout the country.| Tax Foundation
According to the latest economic data from the US Census Bureau, the average per capita state and local tax burden is $7,109. However, collections vary widely by state, reflecting differences in tax rates and bases, natural resource endowments, the scale and scope of taxable economic activity in each state, and residents’ political preferences.| Tax Foundation
Republican policymakers in Congress are considering options to raise revenue as part of their expected legislative package in 2025. One such option involves raising the tax rate on university endowments first put in place as part of the TCJA in 2017.| Tax Foundation
Former President Donald Trump would like to push for a reduction in the federal corporate tax rate from 21 percent to 15 percent if reelected.| 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
The House "One Big Beautiful Bill" includes a new 3.5 percent tax on remittances, or non-commercial transfers of money that people in the US send to people abroad.| Tax Foundation
