Chicago Mayor Brandon Johnson’s (D) 2026 budget includes a new employer head tax, a new tax on social media companies, and an increase in the “cloud tax,” among other proposed tax increases that would hurt employment and penalize innovation.

Excise taxes are regressive, and other alternatives are frequently available to incentivize behavior change.

Due to the incentive for jurisdictions to implement a qualified domestic minimum top-up tax (QDMTT), Pillar Two leaves a geographic asymmetry. Additional tax revenues would predominantly accrue to low-tax jurisdictions, with high tax jurisdictions receiving little to no increase.

Sean Bray interviewed Dr. Aitor Navarro, Senior Research Fellow at the Max Planck Institute for Tax Law and Public Finance, about the future of the EU tax mix.

Narrowly targeted tax policies are rarely effective in achieving their goals, and the expanded senior deduction under the OBBBA is no exception.

State Tax Explore New York's 2025 state tax rates for income, sales, property, retirement, and more. Learn how New York compares nationwide. (Feed generated with FetchRSS)

Capital Gains The IRS has increased the capital gains tax income thresholds for 2026. You'll need this information to help minimize your tax burden. (Feed generated with FetchRSS)

Tax Breaks Hiring your child can potentially lower your tax bill and help kids develop skills, but there are some rules you need to know — and follow. (Feed generated with FetchRSS)

Tariffs Donald Trump continues to use tariffs as a central tool of his trade policy. Here’s where his tariffs stand now. (Feed generated with FetchRSS)

Retirement Veterans can keep more of their military retirement pay by avoiding these high-taxed, most expensive states for retired service members. (Feed generated with FetchRSS)