The Deduction
Tax Foundation
The Deduction is your guide to the complicated world of tax and economics. From the impacts of tariffs and trade wars to debates over who pays and how much, each episode, our experts untangle another aspect of the tax code. Listen to the leading tax podcast! Have a question for one of our experts, let us know here: https://taxfoundation.org/mailbag. Follow us on Twitter @deductionpod: https://twitter.com/deductionpod
All episodes
Best episodes
Seasons
Top 10 The Deduction Episodes
Goodpods has curated a list of the 10 best The Deduction episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to The Deduction for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite The Deduction episode by adding your comments to the episode page.
TFU 2022: The Corporate Income Tax
The Deduction
04/07/22 • 60 min
The first of our three Tax Foundation University 2022 sessions will explain key parts of the corporate and international tax code, the current tax landscape, implications of scheduled and potential changes, and the latest research on who bears the burden of corporate income taxes.
We will discuss key concepts proposed as part of the Build Back Better agenda, such as profit shifting, differences between taxable and book income, and the tax treatment of other types of financial income. To finish, we will offer a lay of the land for international tax provisions and how the OECD tax deal could play a significant role in U.S. tax policy.
10/05/21 • 55 min
Throughout the year, the Biden administration and congressional Democrats have been fleshing out tax proposals as the budget reconciliation process heats up. With these expanded details, the Tax Foundation and other scorekeepers have released updated and more precise analysis.
To explain these proposals and help policymakers and taxpayers understand their impact on American businesses and families, we recently hosted a webinar doubleheader (this being the first of two).
Our first webinar discussion focused on individual and pass-through business tax plans, which include:
-- Raising the top marginal rate from 37 percent to 39.6 percent
-- Taxing long-term capital gains as ordinary income for taxpayers with adjusted gross income above $1 million
-- Taxing unrealized capital gains at death for unrealized gains above $1 million
-- Phasing out the pass-through deduction for taxpayers earning over $400k and expanding eligibility for certain taxpayers under that amount
-- Applying an additional 3.8 percent tax to active business income for taxpayers earning over $400k
-- And more.
Hear from today’s leading tax policy experts on the details and implications of potential individual and pass-through business tax changes, moderated by Tax Foundation Vice President of Federal Projects Will McBride:
-- Robert McClelland, Senior Fellow, Tax Policy Center
-- Garrett Watson, Senior Policy Analyst, Tax Foundation
Learn more at: https://taxfoundation.org/events/biden-individual-tax-plan-webinar
Eight Tax Reforms for Mobility and Modernization
The Deduction
01/26/22 • 59 min
Change is here: The pandemic sparked a move toward a more mobile economy for workers and businesses across the country. Where you live no longer has to dictate where you work—and that mobile economy is here to stay.
States are unprepared: Our economy is changing, but state tax codes have failed to keep up. In some states, moreover, existing tax provisions exacerbate the impact of high inflation and contribute to the supply chain crisis.
A road map forward: On our latest Talking Tax webinar, our state experts overviewed the landscape and explained how states can remove impediments to new living and working arrangements, enhance their attractiveness for increasingly mobile employers and employees, and respond to greater economic uncertainty and rising inflation.
04/19/21 • 57 min
In the second session, we will cover the key parts of the individual tax code that contain elements of income taxes and consumption taxes, and apply to a growing share of businesses, colloquially known as “pass throughs.”
Our experts will also discuss work and child-related tax benefits, which have led to a growing share of households that receive net benefits through the individual income tax, and several individual income tax elements that are scheduled to expire in the coming years.
Finally, you will learn about progressivity in our current income tax system and some of the proposals the Biden administration has put forward to change the way income is taxed.
Learn more: https://taxfoundation.org/university
03/23/21 • 55 min
State revenues have not taken as much of a hit as was once feared, but state lawmakers still face the difficult task of balancing responses to reduced revenues with efforts to help facilitate the economic recovery.
In this final session, we will review the latest revenue data, survey state responses to the Great Recession and prior economic downturns, explore the state tax implications of federal relief packages, and outline states’ options.
Drawing upon earlier discussions, we will close out the legislative boot camp with a timely discussion of tax policy choices, on issues ranging from UI tax adjustments to tax conformity measures to the advantages and disadvantages of different revenue-raising options.
Learn more at: https://taxfoundation.org/boot-camp
State Boot Camp, Week 1: State Tax Policy 101, Part 1: Income and Unemployment Insurance Taxes
The Deduction
02/18/21 • 65 min
In the first of our six sessions, we will explore individual and corporate income taxes plus the timely subject of unemployment insurance taxes.
Everyone knows income taxes—but sometimes the details can be murky. How long does someone have to work in a state to pay income taxes there, and how does that affect their tax burden in their home state?
Unemployment insurance (UI) taxes, meanwhile, are opaque to even the most senior policymakers. We will walk through the basic structure of unemployment insurance taxation, explaining how each business’s rate is determined, outlining some of the key provisions of UI taxation, and highlighting how the exhaustion of state unemployment compensation funds yields automatic UI tax increases.
Learn more at: https://taxfoundation.org/boot-camp
(Recorded February 16, 2021)
Talking Tax: Lessons Learned from the COVID-19 Relief Packages and Impacts on Individual Taxpayers
The Deduction
01/28/20 • 60 min
The sheer size and scope of the tax changes within the CARES Act and subsequent relief legislation created significant administrative challenges for the IRS and taxpayers alike.
The National Taxpayer Advocate found that despite the significant relief Congress has provided, many taxpayers and businesses have had difficulty navigating the various tax provisions.
And even though the most recent relief legislation, the Consolidated Appropriations Act, 2021, addressed some issues with the CARES Act, confusion and compliance challenges remain. For example:
- Taxpayers with direct deposit information with the IRS received their recovery rebates quickly, while others lacking this information, such as non-tax filers and beneficiaries of programs such as Social Security, waited longer.
- Uncertainty persists among individuals who received recovery rebates or unemployment benefits about whether those benefits are taxable.
- As Tax Day 2021 approaches, confusion will likely increase as taxpayers receive different refund amounts than expected due to their eligibility under relief provisions.
- Despite clarifications in the most recent COVID-19 relief legislation, some businesses may still be unsure about the deductibility of expenses paid for with Paycheck Protection Program loans and differences between various payroll tax provisions, among other things.
This experience highlights the importance for policymakers to prioritize simplicity in future relief efforts and in tax legislation in general.
To discuss this issue and other lessons we can learn from COVID-19 relief legislation so far, Tax Foundation and the The Tax Institute at H&R Block hosted a special Talking Tax Reform webinar discussion, which was moderated by Tax Foundation President Scott Hodge and featured several of today’s leading economic and tax experts:
- Elaine Maag, Principal Research Associate, Urban-Brookings Tax Policy Center
- Kevin Martin, J.D., LL.M., Principal Tax Research Analyst, The Tax Institute at H&R Block
- Erica York, Economist, Tax Foundation
Corporate Tax Rates Around the World
The Deduction
12/14/20 • 26 min
What is driving the downward trend in corporate tax rates and will it continue? Is it truly a "race to the bottom?" Why do corporate tax rates matter in the first place? How does the U.S. rate compare and could that change in the coming years?
Tax Foundation Policy Analyst Elke Asen joins President Scott Hodge to discuss the latest data on corporate tax rates around the world.
Follow us!
https://twitter.com/TaxFoundation
https://twitter.com/deductionpod
Support the show
TFU 2022: 10 Tax Reforms for Growth and Opportunity
The Deduction
04/27/22 • 56 min
The return of high inflation after 40 years should cause policymakers to rethink their approach, get back to basics, and focus on economic growth and opportunity. Tax reform should be a key pillar in this approach.
The third session of Tax Foundation University 2022 will provide a demo of the Tax Foundation’s Taxes and Growth (TAG) Model and an overview of Tax Foundation’s 10 Tax Reforms for Growth and Opportunity. We will discuss how charting a path of increased economic opportunity, innovation and dynamism, growing industries, and greater financial security can be facilitated by better tax policy.
04/19/21 • 55 min
In the first of five sessions, we’ll explain how to view the economy, the role that taxes play in the economy, and the various measures economists use to talk about the impact of taxes, including growth, wages, and employment.
Our experts will explain how the various tax cuts have different impacts on the U.S. economy and how specific tax changes grow or shrink GDP by changing incentives to work and invest.
This session will also introduce you to the Tax Foundation’s General Equilibrium Model, used to estimate the economic, revenue, and distributional effects of tax policy changes, as well as the other major tax models in use today.
Learn more at: https://taxfoundation.org/university
Show more best episodes
Show more best episodes
FAQ
How many episodes does The Deduction have?
The Deduction currently has 115 episodes available.
What topics does The Deduction cover?
The podcast is about Non-Profit, Tax, Accounting, Podcasts, Finance, Small Business, Economics, Macroeconomics, Business, Politics and Government.
What is the most popular episode on The Deduction?
The episode title 'TFU 2022: The Individual Income Tax' is the most popular.
What is the average episode length on The Deduction?
The average episode length on The Deduction is 31 minutes.
How often are episodes of The Deduction released?
Episodes of The Deduction are typically released every 14 days.
When was the first episode of The Deduction?
The first episode of The Deduction was released on Jan 28, 2020.
Show more FAQ
Show more FAQ