Items tagged with Tax:
News & Updates:
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Fed weakens bank requirements; U.S.-China trade talks started off on positive note; Senate will vote to reverse Trump healthcare, tax, and environmental changes; Push for FASC to work for whole-government; California proposes new data privacy rules; Import prices rise 0.2% -
White House signs off on licenses for Huawei business; China trade talks resume Thursday with U.S. weighing escalation options; Plan in place to prevent tech giants from dodging taxes; EPA set to announce new lead standards in water; Consumer prices unchanged in September; Jobless claims fall unexpectedly. -
U.S. to Restrict Visas for Chinese Officials; Treasury Considering Rolling Back Obama-era Offshore Tax Rule; Changes to Anti-Kickback Rules for Health Care Providers; Trump Officials Eliminate Board that Advised on Smart Grid Innovation; Falling U.S. Job Openings Point to Slowing Labor Market; Federal Reserve Officials Worried. -
China announces tariff hike on $75 billion of U.S. products; Conservatives come out against tax cuts, for tariff rollback; Trump drops plan to cut foreign aid after internal pushback; EU drafts plan to take on U.S. tech firms; Fed chair says trade uncertainty new challenge for officials.
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Administration weighing options to avoid recession; FDIC approves Volcker rule changes; Farmers frustrated over ethanol exemptions; Existing home sales climb 2.5% in July; CBO raises 10-Year forecasts for budget deficits by $809 billion; FOMC releases minutes from July meeting.
Resources:
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American Petroleum Institute: Motor Fuel Taxes
The American Petroleum Institute (API) is the only national trade association that represents all aspects of America’s oil and natural gas industry. Here is a summary report on gasoline and diesel taxes. This report is updated quarterly. API collects motor fuel tax information for all 50 states and compiles a report and chart detailing changes and calculating a nationwide average.
Quick link: http://www.api.org/Oil-and-Natural-Gas-Overview/Industry-Economics/Fuel-Taxes.aspx
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Government Accountability Office: Tax Policy and Administration
The U.S. Government Accountability Office (GAO) is an independent, nonpartisan agency that works for Congress. Often called the “congressional watchdog,” GAO investigates how the federal government spends taxpayer dollars. GAO supports congressional oversight by:
• auditing agency operations to determine whether federal funds are being spent efficiently and effectively;
• investigating allegations of illegal and improper activities;
• reporting on how well government programs and policies are meeting their objectives;
• performing policy analyses and outlining options for congressional consideration; and
• issuing legal decisions and opinions, such as bid protest rulings and reports on agency rules.
Quick link to Tax Policy and Administration Reports: http://www.gao.gov/browse/topic/Tax_Policy_and_Administration
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Internal Revenue Service: Tax Statistics
Find statistics on business tax, individual tax, charitable and exempt organizations, IRS operations and budget, and income (SOI), as well as statistics by form, products, publications, papers, and other IRS data.Quick link to Tax Statistics, where you will find a wide range of tables, articles, and data that describe and measure elements of the U.S. tax system: http://www.irs.gov/uac/Tax-Stats-2
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Sales Tax Institute
Quick link to Resources page where you can find updated (and some historical) information regarding sales tax rates by state, sales tax holidays, sales tax amnesty programs: http://www.salestaxinstitute.com/resources
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Tax Policy Center
The Tax Policy Center is a joint venture of the Urban Institute and Brookings Institution . The Center is made up of nationally recognized experts in tax, budget, and social policy who have served at the highest levels of government.
The Tax Policy Center estimates the revenue and distributional impact of tax proposals using a state-of-the-art microsimulation model of the federal tax system. Our searchable database includes distribution tables that show how proposals alter tax liabilities and after-tax income, by dollar income class and by percentiles of the income distribution. We also periodically estimate the distribution of various federal taxes under current law, show how recent tax changes have altered that distribution, and examine other important issues such as the impact of the individual alternative minimum tax (AMT) and the distribution of the estate tax under current law and alternative policy options.
Quick link to TPC’s Tax Model: http://www.taxpolicycenter.org/numbers/index.cfm
