Colorado Considers Legislation to Tax Phantom Income
Under HB26-1221, Colorado would make two changes that raise additional revenue by taxing income that doesn’t actually exist. The proposed changes to the state’s alternative minimum tax and net operating loss provisions are designed to overstate income, leading to double taxation and distorting taxpayer behavior.
Tariff Tracker: Impact of Trump Tariffs & Trade War by the Numbers
The Trump tariffs have not meaningfully altered the trade balance and amount to an average tax increase per US household of $700 in 2026.
Delaware Proposes Higher Tobacco Taxes, Risking Regressivity and Revenue Volatility
Delaware Governor Matt Meyer (D) has proposed a new state budget that includes roughly $18.9 million in additional annual revenue from higher tobacco taxes.
New Mexico Could Backslide If It Decouples from Pro-Growth Tax Policy
New Mexico's SB 151 decouples from the OBBBA's full expensing provision, making the state's tax climate less competitive.
Why Is My Tax Refund Larger This Year?
If you’ve filed your taxes already, you may have noticed a larger refund this year. That’s due to changes Congress made with the One Big Beautiful Bill Act (OBBBA) last year that retroactively cut taxes for 2025.
Tracking Three IRS Datapoints to Watch During the 2026 Tax Filing Season
The total amount refunded as of the first week of reporting is running ahead of past filing season at $19.95 billion, while the average refund is up 10.9 percent at $2,290.
Capital Gains Tax Rates in Europe, 2026
Capital gains taxes create a bias against saving, leading to a lower level of national income by encouraging present consumption over investment.
Beyond Filing: Why Taxes Matter More Than You Think
TaxEDU is hosting an informational webinar to discuss tax filing and refunds, how taxes impact our personal finances beyond income taxes, and a breakdown of the recent changes from the One Big Beautiful Bill Act (OBBBA).
A Competitive Tax Code Doesn’t Have to Sacrifice Revenue
Structural reforms such as broadening tax bases, improving cost recovery, and shifting toward less distortive taxes can improve competitiveness without necessarily reducing revenue.
Side-by-Side Implementation Is a Good Start, but It’s Just the Beginning
The side-by-side agreement is an important step in trans-Atlantic economic relations, however, there is more work to be done—on both sides of the Atlantic. If there’s a downside to the side-by-side agreement, it’s the risk of locking in mediocre tax policy choices for the long run.
How Much Revenue Would Senator Sanders’ Wealth Tax Proposal Really Raise?
Senator Bernie Sanders introduced a proposed 5 percent annual wealth tax on billionaires to fund direct payments to Americans and expand social welfare programs.
Ohio Expensing Conformity Will Boost Innovation and Competitiveness
Ohio's SB 9 will boost economic growth by conforming Ohio's tax code to the domestic research and experimentation (R&E) immediate cost recovery provision in the One Big Beautiful Bill Act.
Pharmaceutical Tariffs Would Add Costs and Reduce Innovation
Thought the Trump administration has not yet imposed new, industry-specific tariffs on drugs or active pharmaceutical ingredients, such tariffs would be a hidden cost on Americans: they would shrink incomes, reduce investment, and lead to less innovation.
FAQs About Border Adjustment
What is a border adjustment? Is it a new idea? How would it work in practice?
Utah’s Digital Ad Tax, by Any Other Name, Is Just as Legally Fraught
A digital advertising tax in Utah will increase costs for Utah businesses and expose the state to complicated legal battles.
Tariffs Increased Retail Prices of Imports by 7 Percentage Points Prior to Supreme Court Ruling
President Trump and those in his administration have insisted that consumers are not bearing any of the tariffs. But the latest data show exactly the opposite.
Trump Tariffs Threaten to Offset Much of the “Big Beautiful Bill” Tax Cuts
The tariffs now in effect threaten to offset much of the GDP growth from the tax cuts, while falling short of paying for them.
2025 European Tax Policy Scorecard
The variety of approaches to taxation among European countries creates a need to evaluate these systems relative to each other. For that purpose, we have developed the European Tax Policy Scorecard—a relative comparison of European countries’ tax systems.
Vaping Taxes by State, 2026
The vaping industry has grown rapidly in recent decades, becoming a well-established product category and a viable alternative to cigarettes for those trying to quit smoking. US states levy a variety of tax structures on vaping products.