Tax Policy Center

excise tax

Campaigns, Proposals, and Reforms: TaxVox

New Buyback Excise Tax Snares Foreign Investors

The Inflation Reduction Act (IRA) approved by Congress last week included a new 1 percent stock buyback excise tax on US publicly traded corporations. Many...
August 16, 2022Steven M. Rosenthal
: TaxVox

Beyer’s Steep Gun Tax Might Curb Some Very Lethal Weapons, But It Has Gaps

In response to two recent mass shootings, Representative Don Beyer (D-VA) introduced a bill that would impose a 1,000 percent excise tax on certain guns...
June 23, 2022Robert McClelland
Individual Taxes: TaxVox

The Tax Gap’s Many Shades Of Gray

The “tax gap”—the difference between taxes owed to the government and taxes actually collected—often is equated with evasion . But the tax gap is more...
February 22, 2022Janet HoltzblattSteven M. Rosenthal
Individual Taxes: TaxVox

Excise Taxes on Guns and Ammo: Sin Taxes That Don’t Prevent the Sin

Some state and federal level lawmakers are considering new taxes on guns and ammunition. After all, if you want less of something—like the guns used to commit violence in schools—tax them, right?
January 5, 2022Renu Zaretsky
: TaxVox

TPC Is Improving Its Modeling Of Five Tax Expenditures

In a new initiative, the Tax Policy Center is improving its modeling of five key tax expenditures: the tax treatment of pass-through entities, charitable giving,...
December 18, 2018Mark J. Mazur
: TaxVox

Charities Have Plenty of Opportunity to Advance Giving Despite Tax Law Losses

By substantially cutting the number of taxpayers who will receive a charitable deduction, the Tax Cuts and Jobs Act (TCJA) has created an opportunity for...
February 28, 2018C. Eugene Steuerle
State and Local Issues: TaxVox

The Case of Oregon’s Bicycle Excise Tax

Or: If you like it, then you might just pay a tax on it.
Oregon, one of five states with no sales tax, just passed an excise tax on bicycles to help fund trail maintenance and improvement. That decision generated a good bit of controversy, and as a bicycle-riding, trail-loving taxpayer, I wondered why a bicycle tax that supports bicycle trail use is so contentious.
August 2, 2017Renu Zaretsky
Individual Taxes: TaxVox

A Penny for Your Sugar: Setting a Price on Sin

What do you have to drink in your refrigerator? I’ve got kids in grade school, and our fridge always holds their favorite: Juice boxes filled with 100% apple juice. I felt pretty good about that “100%” until I looked at the label. There are 18 grams of sugar in one 6.75-ounce serving. Coca Cola?
April 1, 2015Renu Zaretsky
: TaxVox

Compromises, Delays, Derivatives and Daze

A highway bill could soon head down Pennsylvania Avenue. The House Rules Committee plans to send to the floor the Ways & Means panel’s short-term highway funding bill today. After a floor vote sometime this week, it’s seen as the likely version to land on the President’s desk. In the Senate,
July 14, 2014Renu Zaretsky