Tax policy is all about trade-offs. Our new guide analyzes 86 potential changes to the federal tax code, considering their impact on federal revenue, the long-term debt trajectory, the distribution of after-tax income, and the US economy. Launch our interactive tool: hubs.ly/Q04r06M-0

States with no individual income tax (Florida, Texas, Tennessee, Nevada, and others) consistently rank among the strongest gainers, while states with the highest top rates (California at 13.3 percent, New York at 10.9 percent, and New Jersey at 10.75 percent) dominate the list of largest losers. Explore the data: hubs.ly/Q04C95Xm0

Explore the IRS inflation-adjusted 2026 tax brackets, for which taxpayers will file tax returns in early 2027. See more: hubs.ly/Q04C95T70

If the U.S. taxed personal income in the same way that Denmark does, all income over $82,000 would be taxed at over 55 percent. hubs.ly/Q04C95Xl0

Publicly held debt is projected to rise to a new record high of 106 percent of GDP within the next four years and continue to rise to 120 percent by 2036 and 175 percent by 2056. Read more: hubs.ly/Q04C95Wz0

Imposing sales taxes on rental car companies’ fleet purchases, in addition to the sales and rental car excise taxes levied when those cars are rented, yields double taxation and causes harmful tax pyramiding. Read more: hubs.ly/Q04C2Qq50

🌎 The most competitive tax codes in the OECD: 1. 🇪🇪 Estonia 2. 🇱🇻 Latvia 3. 🇳🇿 New Zealand 4. 🇨🇭 Switzerland 5. 🇱🇹 Lithuania 6. 🇱🇺 Luxembourg 7. 🇨🇿 Czech Republic 8. 🇦🇺 Australia 9. 🇹🇷 Turkey 10. 🇭🇺 Hungary See full rankings: hubs.ly/Q04C2Q7v0

Washington’s new income tax on high earners doesn’t take effect until 2028, but it is already generating a lot of activity. A measure on the ballot this November, Initiative 645, would reverse the legislature’s decision, preventing the new tax from taking effect. Read more: hubs.ly/Q04C2PvT0

Hall’s research helped economists understand how taxes distort investment decisions, while his work with Rabushka shows how to minimize those distortions. Although the US remains far from a pure consumption tax, Hall’s work informs efforts to reduce the tax burden on investment, improve neutrality, and promote long-run economic growth. Read more: hubs.ly/Q04C2P5q0

Nearly half of all hospitals are exempt from paying US corporate income taxes. As healthcare spending rises, lawmakers have questioned whether hospitals are providing as much in community benefits as they derive from tax exemptions. Read more: hubs.ly/Q04C2Ps00

As scrutiny over data center investment and AI rises, some commentators are concerned about how expensing interacts with these ongoing investments. Most of these concerns misunderstand what expensing does. Read more: hubs.ly/Q04C2PcW0

Economists and journalists have been pointing to a labor share of income series from the Bureau of Labor Statistics (BLS) as evidence that capital is taking an ever-increasing slice of the economic pie. But a closer look at the national income accounts shows a different story. Read more: hubs.ly/Q04BVW5y0

Rather than continuing the Trump administration’s tariff policy, policymakers should explore new solutions that can raise sustainable revenue with fewer distortions, like replacing the tariffs with a value-added tax. Read more: hubs.ly/Q04BW27n0

How do taxes in your state compare regionally and nationally? Facts and Figures, a resource we’ve provided to US taxpayers and legislators since 1941, serves as a one-stop state tax data resource that compares all 50 states on over 40 measures of tax rates, collections, burdens, and more. Explore the latest data: hubs.ly/Q04BW1Y30

The least competitive tax codes in the OECD: 29. 🇮🇪 Ireland 30. 🇬🇧 United Kingdom 31. 🇩🇰 Denmark 32. 🇵🇱 Poland 33. 🇵🇹 Portugal 34. 🇮🇸 Iceland 35. 🇪🇸 Spain 36. 🇮🇹 Italy 37. 🇨🇴 Colombia 38. 🇫🇷 France See full rankings: hubs.ly/Q04BV_mM0

Investment in digital assets, long thought of as a niche interest reserved for enthusiasts, has broken into the mainstream. In 2026, about one in five US adults report being invested in or using cryptocurrency. Read more: hubs.ly/Q04BVW5x0

Tax policy is all about trade-offs. Our new guide analyzes 86 potential changes to the federal tax code, considering their impact on federal revenue, the long-term debt trajectory, the distribution of after-tax income, and the US economy. Launch our interactive tool: hubs.ly/Q04BVV-j0

The California Billionaire Tax Act (Proposition 40), which imposes a one-time 5 percent tax on billionaires’ net worth, is vulnerable to numerous constitutional challenges, any of which could invalidate the tax in whole or in part. Read more: hubs.ly/Q04BVVXt0

When properly measured, consistent with how we assess progressivity in tax policy, Social Security benefits are progressive. Read more: hubs.ly/Q04BVV-h0

Expensing for capital investment is not a special tax break. Expensing aligns the timing of tax deductions with the timing of actual capital expenditures so that the tax code does not discourage marginal investment projects.  Read more: hubs.ly/Q04BVVX30

Taxes are on the ballot in November. Voters in 17 states will decide for themselves how their states raise revenue. Our new ballot tracker and podcast discussion break down the measures worth watching: hubs.ly/Q04BVVS70