https://taxfoundation.org/taxedu/glossary/conventional-scoring-static-scoring/
Conventional Scoring: Static Scoring 101 | TaxEDU Glossary
Jun 5, 2025 - Conventional scoring (static scoring) estimates the revenue effects of tax policy while holding nominal national income constant.
conventionalscoringstatictaxeduglossary
https://taxfoundation.org/taxedu/primers/primer-common-tax-questions-answered/
Common Tax Questions, Answered | TaxEDU | Tax Foundation
Dec 3, 2025 - How is tax liability calculated? Our leading tax policy experts dive in the most common tax questions. Explore common tax questions.
tax questionscommonansweredtaxedufoundation
https://taxfoundation.org/taxedu/glossary/c-corporation-c-corp/
C Corporation (C-Corp) | TaxEDU Glossary
Feb 18, 2025 - A C corporation or C corp is an independent legal entity owned by its shareholders. A C corporation’s profit is taxed twice.
c corporationtaxeduglossary
https://taxfoundation.org/taxedu/glossary/consumption-tax/
Consumption Tax | TaxEDU Glossary
Jul 15, 2025 - A consumption tax is levied on the purchase of goods or services and is paid by the consumer via sales taxes, excise taxes, or VATs.
consumption taxtaxeduglossary
https://taxfoundation.org/taxedu/glossary/user-fee/
User Fee Definition | TaxEDU Glossary
Feb 13, 2024 - A user fee is a charge (not a tax) imposed by the government for the primary purpose of covering the cost of providing a service.
userfeedefinitiontaxeduglossary
https://taxfoundation.org/taxedu/glossary/graduated-rate-income-tax/
Graduated Rate Income Tax | TaxEDU Glossary
Feb 10, 2026 - What is a graduated income tax? A graduated rate income tax system consists of tax brackets where tax rates increase as income increases.
income taxgraduatedratetaxeduglossary
https://taxfoundation.org/taxedu/glossary/estate-tax/
Estate Tax | TaxEDU Glossary
Feb 20, 2024 - An estate tax is imposed on the net value of an individual’s taxable estate, after any exclusions or credits, at the time of death.
estate taxtaxeduglossary
https://taxfoundation.org/eu/taxedu/
TaxEDU Europe
Jan 22, 2025 - TaxEDU is your one-stop resource for tax education, understanding, and discussion. Learn more with our glossary, videos, primers, and lesson plans.
taxedueurope
https://taxfoundation.org/taxedu/glossary/tax/
Tax Definition | TaxEDU Glossary
Jul 18, 2024 - A tax is a mandatory payment or charge collected by a government from taxpayers to cover the costs of government services. See tax definition
taxdefinitionglossary
https://taxfoundation.org/taxedu/videos/taxes-at-every-level-government/
Taxes at Every Level of Government | TaxEDU Explainer Video
Nov 10, 2025 - Learn about the different taxes at every level of government in the US, including federal taxes, state taxes, and local taxes.
explainer videotaxeseverylevelgovernment
https://taxfoundation.org/eu/taxedu/glossary/
TaxEDU Europe Glossary of Tax Terms | Tax Foundation
Understand the terms of the tax debate in Europe with our comprehensive glossary, including over 50 tax terms and concepts.
tax termstaxedueuropeglossaryfoundation
https://taxfoundation.org/taxedu/glossary/double-taxation/
Double Taxation | TaxEDU Glossary
Feb 23, 2024 - Double taxation is when taxes are paid twice on the same dollar of income, regardless of whether that’s corporate or individual income.
double taxationtaxeduglossary
https://taxfoundation.org/taxedu/glossary/taxable-income/
Taxable Income Definition | TaxEDU Glossary
Jul 15, 2025 - What is taxable income? Taxable income is the amount of income subject to tax, after deductions and exemptions. It differs from gross income.
taxable incomedefinitiontaxeduglossary
https://taxfoundation.org/taxedu/glossary/qualified-business-asset-investment-qbai-exemption/
Qualified Business Asset Investment (QBAI) Exemption | TaxEDU
Feb 13, 2024 - Qualified Business Asset Investment (QBAI) is a 10 percent tax exemption for U.S. multinationals based on the value of buildings, machinery, or equipment.
qualifiedbusinessassetinvestmentexemption
https://taxfoundation.org/blog/us-tax-code-progressivity/
The Progressivity of the US Tax Code | The Short Form | TaxEDU
Sep 18, 2025 - The US tax code has generally become more progressive over time. Will the changes made by the One Big Beautiful Bill Act (OBBBA) alter this?
us taxshort formcode
https://taxfoundation.org/taxedu/glossary/excise-tax/
Excise Tax Definition | TaxEDU Glossary
Feb 7, 2024 - An excise tax is a tax imposed on a specific good or activity. Excise taxes are commonly levied on soda. gasoline, and sports betting.
excise taxdefinitiontaxeduglossary
https://taxfoundation.org/taxedu/glossary/step-up-in-basis/
Step-Up In Basis | TaxEDU Glossary
Jul 17, 2025 - Step-up in basis adjusts the value, or “cost basis,” of an inherited asset (stocks, bonds, real estate) when it is passed on, after death.
step upbasistaxeduglossary
https://taxfoundation.org/taxedu/glossary/value-added-tax-vat/
Value Added Tax (VAT) Definition | TaxEDU Glossary
Feb 11, 2025 - A Value-Added Tax (VAT) is a consumption tax assessed on the value added in each production stage of a good or service.
value added tax vatdefinitiontaxeduglossary
https://taxfoundation.org/taxedu/glossary/bonus-depreciation/
Bonus Depreciation | TaxEDU Glossary
Jul 8, 2025 - Bonus depreciation allows firms to deduct a larger portion of certain “short-lived” investments in new or improved equipment or buildings.
bonus depreciationtaxeduglossary
https://taxfoundation.org/taxedu/glossary/tax-cuts-and-jobs-act/
Tax Cuts and Jobs Act (TCJA) | TaxEDU Glossary
Mar 5, 2024 - The Tax Cuts and Jobs Act in 2017 overhauled the federal tax code by reforming individual and business taxes. Explore the 2017 tax law.
tax cuts and jobs acttaxeduglossary
https://taxfoundation.org/taxedu/glossary/tax-deduction/
Tax Deduction | TaxEDU Glossary
Feb 25, 2025 - A tax deduction is a provision that reduces taxable income, as an itemized deduction or a standard deduction that is a single deduction at a fixed amount.
tax deductiontaxeduglossary
https://taxfoundation.org/taxedu/glossary/financial-transaction-tax-ftt/
Financial Transaction Tax (FTT) | TaxEDU Glossary
Feb 20, 2024 - A financial transaction tax (FTT) is levied on each unique instance of the buying and selling of financial assets such as stocks and bonds.
financial transaction taxftttaxeduglossary
https://taxfoundation.org/taxedu/primers/primer-not-all-taxes-are-created-equal/
Not All Taxes Are Created Equal | TaxEDU
Jul 15, 2025 - How do taxes affect the economy? There are better ways to raise a dollar of revenue. That’s because no two taxes impact the economy the same.
not allcreated equaltaxestaxedu
https://taxfoundation.org/taxedu/glossary/gift-tax/
Gift Tax | TaxEDU Glossary
Feb 20, 2024 - A gift tax is a tax on the transfer of property by a living individual, without payment or a valuable exchange in return.
gift taxtaxeduglossary
https://taxfoundation.org/taxedu/glossary/cost-recovery/
Cost Recovery | TaxEDU Glossary
Jul 15, 2025 - Cost recovery is the ability of businesses to recover (deduct) the costs of their investments. Learn more with TaxEDU.
cost recoverytaxeduglossary
https://taxfoundation.org/taxedu/glossary/pass-through-business/
Pass-through Business | TaxEDU Glossary
Sep 18, 2024 - A pass-through business is a sole proprietorship, partnership, or S corporation that reports its income on individual income tax returns.
pass throughbusinesstaxeduglossary
https://taxfoundation.org/taxedu/glossary/tax-refund/
Tax Refund Definition | TaxEDU Glossary
Mar 5, 2024 - A tax refund is a reimbursement to taxpayers who have overpaid their taxes, often due to having employers withhold too much from paychecks.
tax refunddefinitiontaxeduglossary
https://taxfoundation.org/taxedu/glossary/inflation/
Inflation Definition | TaxEDU Glossary
May 3, 2024 - Inflation is when the general price of goods and services increases across the economy, reducing the purchasing power of a currency.
inflationdefinitiontaxeduglossary
https://taxfoundation.org/taxedu/glossary/depreciation/
Depreciation | TaxEDU Glossary
Feb 20, 2024 - Depreciation is a measurement of the “useful life” of a business asset to determine the period over which the cost can be deducted from taxable income.
depreciationtaxeduglossary
https://taxfoundation.org/taxedu/glossary/profit-shifting/
Profit Shifting | TaxEDU Glossary
Feb 20, 2024 - Profit shifting is when multinational companies reduce their tax burden by moving the location of profits to low-tax countries and tax havens
profit shiftingtaxeduglossary
https://taxfoundation.org/taxedu/glossary/earned-income-tax-credit-eitc/
Earned Income Tax Credit (EITC) | TaxEDU Glossary
Feb 16, 2024 - The Earned Income Tax Credit (EITC) is a refundable tax credit targeted at low-income working families. Learn more with TaxEDU.
earned income tax crediteitctaxeduglossary
https://taxfoundation.org/taxedu/videos/history-of-taxes-introduction/
An Introduction to the History of Taxes | TaxEDU Explainer Videos
Taxes have played a major role throughout history. Learn more about the history of taxes, with the latest educational TaxEDU explainer video.
an introduction tothe history ofexplainer videostaxestaxedu
https://taxfoundation.org/eu/taxedu/primers/
Educational Resources | TaxEDU Europe | Tax Foundation Europe
Jan 22, 2025 - Our educational tax policy primers, case studies, and lesson plans form a comprehensive crash course ready for the classroom.
educational resourcestax foundationtaxedueurope
https://taxfoundation.org/taxedu/lessons/
TaxEDU Lessons
May 5, 2026 - Dive deeper into specific tax topics with our TaxEDU lesson modules designed as a classroom-ready resource. Explore new tax lessons.
taxedulessons
https://taxfoundation.org/taxedu/glossary/inflation-indexing/
Inflation Indexing | TaxEDU Glossary
Jul 18, 2025 - Inflation indexing refers to automatic cost-of-living adjustments built into tax provisions to keep pace with inflation.
inflationindexingtaxeduglossary
https://taxfoundation.org/taxedu/glossary/capital-allowance/
Capital Allowance | TaxEDU Glossary
Jul 8, 2025 - A capital allowance is the amount of capital investment costs a business can deduct each year from its revenue via depreciation.
capitalallowancetaxeduglossary
https://taxfoundation.org/taxedu/primers/
Classroom Tax Resources | TaxEDU | Tax Foundation
Jan 22, 2025 - Our TaxEDU primers are classroom-ready resources for understanding key concepts in tax policy.
tax resourcesclassroomtaxedufoundation
https://taxfoundation.org/taxedu/glossary/tax-base/
Tax Base | TaxEDU Glossary
Feb 24, 2024 - The tax base is the total amount of income, property, assets, consumption, or transactions subject to taxation by a tax authority.
taxbaseglossary
https://taxfoundation.org/taxedu/glossary/surtax/
Surtax | TaxEDU Glossary
Feb 20, 2024 - A surtax is an additional tax levied on top of an already existing business or individual tax and can have various rate structures.
taxeduglossary
https://taxfoundation.org/taxedu/videos/
Tax Explainer Videos | TaxEDU | Tax Foundation
Apr 28, 2026 - Our animated tax explainer videos are designed for the classroom, social media, and anyone looking to boost their tax knowledge on the go.
explainer videostaxfoundation
https://taxfoundation.org/eu/taxedu/videos/
TaxEDU Europe Explainer Videos | Tax Foundation
Our animated tax explainer videos are designed for the classroom, social media, and anyone looking to boost their tax knowledge on the go.
explainer videostax foundationtaxedueurope
https://taxfoundation.org/taxedu/videos/carbon-tax-explained/
A Carbon Tax Explained: Carbon Tax Basics | TaxEDU
Dec 19, 2024 - Every policy has trade-offs, but a well-designed carbon tax has the potential to protect the environment without harming consumers, jobs, or businesses.
carbon taxexplainedbasicstaxedu
https://taxfoundation.org/taxedu/glossary/standard-deduction/
Standard Deduction Definition | TaxEDU Glossary
Jul 18, 2025 - The standard deduction reduces a taxpayer’s taxable income by a set amount determined by the government. It was nearly doubled in 2017.
standard deductiondefinitiontaxeduglossary
https://taxfoundation.org/taxedu/glossary/marriage-penalty/
Marriage Penalty | TaxEDU Glossary
Jul 17, 2025 - A marriage penalty is when a household’s overall tax bill increases due to a couple marrying and filing taxes jointly. Learn more with TaxEDU
marriagepenaltytaxeduglossary
https://taxfoundation.org/taxedu/glossary/adjusted-gross-income-agi/
Adjusted Gross Income (AGI) | TaxEDU Glossary
May 10, 2024 - Adjusted gross income (AGI) is a taxpayer’s total income minus certain “above-the-line” deductions. See adjusted gross income definition.
adjusted gross incomeagitaxeduglossary
https://taxfoundation.org/taxedu/
TaxEDU: Tax Education, Discussion, Understanding
Jan 17, 2025 - TaxEDU is your one-stop resource for tax education, understanding, and discussion. Explore our glossary, videos, primers, and lesson plans.
tax educationtaxedudiscussionunderstanding
https://taxedu.campaign.europa.eu/
Home | TAXEDU
taxedu
https://taxfoundation.org/taxedu/glossary/carbon-border-adjustment-mechanism-cbam-emissions-trading-system-ets/
CBAM: Carbon Border Adjustment Mechanism | TaxEDU Glossary
Feb 23, 2024 - The Carbon Border Adjustment Mechanism (CBAM) is designed to complement the European Union (EU) Emissions Trading System (ETS). Learn more.
carbon border adjustmentcbammechanismtaxeduglossary
https://taxfoundation.org/taxedu/glossary/marginal-tax-rate/
Marginal Tax Rate Definition | TaxEDU Glossary
Feb 10, 2026 - The marginal tax rate is the amount of additional tax paid for every additional dollar earned as income. Learn more about marginal tax rates.
tax ratemarginaldefinitiontaxeduglossary
https://taxfoundation.org/taxedu/glossary/indirect-tax/
Indirect Tax | TaxEDU Glossary
Jul 18, 2025 - An indirect tax is imposed on one person or group, like manufacturers, then shifted to a different payer, usually the consumer.
indirect taxtaxeduglossary
https://taxfoundation.org/taxedu/videos/tariffs-are-taxes/
Tariffs Are Taxes Too | TaxEDU Educational Videos
Dec 19, 2024 - Tariffs are taxes imposed by one country on goods or services imported from another country. Learn more about how tariffs are taxes with TaxEDU videos.
educational videostariffstaxestaxedu
https://taxfoundation.org/taxedu/glossary/direct-tax/
Direct Tax | TaxEDU Glossary
Jul 15, 2025 - A direct tax is levied on individuals and organizations and cannot be shifted to another payer. Learn more with TaxEDU.
direct taxtaxeduglossary
https://taxfoundation.org/taxedu/primers/primer-the-three-basic-tax-types/
The Three Basic Tax Types | TaxEDU
Aug 25, 2025 - Discover the three basic tax types—taxes on what you earn, taxes on what you buy, and taxes on what you own. Learn more.
the three basic tax typestaxedu
https://taxfoundation.org/taxedu/glossary/capital-stock-tax-franchise-tax/
Capital Stock Tax (Franchise Tax) | TaxEDU Glossary
Jul 22, 2025 - A capital stock tax (or franchise tax) is imposed on a business’s net worth rather than on a business' net income (or profit).
capital stocktaxfranchiseglossary
https://taxfoundation.org/taxedu/glossary/tax-exemption/
Tax Exemption Definition | TaxEDU Glossary
Feb 12, 2024 - A tax exemption excludes certain income, revenue, or even taxpayers from tax altogether. Explore tax exemption definition with TaxEDU.
tax exemptiondefinitiontaxeduglossary
https://taxfoundation.org/taxedu/glossary/inheritance-tax/
Inheritance Tax | TaxEDU Glossary
Feb 12, 2025 - An inheritance tax is levied upon an individual’s estate at death or upon the assets transferred from the decedent’s estate to their heirs.
inheritance taxtaxeduglossary
https://taxfoundation.org/taxedu/videos/it-pays-to-keep-it-simple/
Tax Simplicity: It Pays to Keep It Simple | TaxEDU Videos
Dec 6, 2023 - Tax simplicity means taxes should be easy for taxpayers to pay and easy for governments to administer and collect. It pays to keep it simple.
keep simpletaxsimplicitypays
https://taxfoundation.org/taxedu/glossary/foreign-derived-intangible-income-fdii/
Foreign-Derived Intangible Income (FDII) | TaxEDU Glossary
Feb 24, 2025 - Foreign-Derived Intangible Income (FDII) is a special category of earnings that come from the sale of products related to IP.
foreignderivedintangibleincometaxedu
https://taxfoundation.org/taxedu/glossary/worldwide-taxation/
Worldwide Tax System | TaxEDU Glossary
Oct 17, 2024 - Worldwide taxation (worldwide tax system), as opposed to a territorial tax system, includes foreign-earned income in the domestic tax base.
tax systemworldwidetaxeduglossary
https://taxfoundation.org/taxedu/glossary/super-deduction/
Super-Deduction | TaxEDU Glossary
superdeductiontaxeduglossary
https://taxfoundation.org/taxedu/glossary/withholding/
Withholding | TaxEDU Glossary
Jul 29, 2025 - Withholding is the income an employer takes out of an employee’s paycheck and remits to the federal, state, and/or local government.
withholdingtaxeduglossary
https://taxfoundation.org/taxedu/glossary/last-in-first-out-lifo/
Last In First Out (LIFO) | TaxEDU Glossary
Mar 1, 2025 - What is Last-In, First-Out (LIFO) inventory deductions? Learn more about Last-In, First-Out LIFO definition with TaxEDU.
lastfirstlifotaxeduglossary
https://taxfoundation.org/taxedu/glossary/itemized-deduction/
Itemized Deduction Definition | TaxEDU Glossary
Feb 28, 2025 - Itemized deductions allow you to subtract designated expenses from taxable income and can be claimed in lieu of the standard deduction.
deductiondefinitiontaxeduglossary
https://taxfoundation.org/taxedu/glossary/mortgage-interest-deduction-mid/
Mortgage Interest Deduction | TaxEDU Glossary
Feb 22, 2024 - The mortgage interest deduction is an itemized deduction for interest paid on home mortgages. It reduces households’ taxable incomes.
mortgage interest deductiontaxeduglossary
https://taxfoundation.org/taxedu/glossary/
Tax Glossary | TaxEDU
Feb 26, 2024 - Understand the terms of the tax debate with our comprehensive tax glossary, including over 100 tax terms and concepts. Learn more with TaxEDU
tax glossarytaxedu
https://taxfoundation.org/taxedu/glossary/territorial-taxation/
Territorial Tax System | TaxEDU Glossary
Feb 24, 2025 - A territorial tax system for corporation excludes profits multinational companies earn in foreign countries from their domestic tax base.
tax systemterritorialtaxeduglossary
https://taxfoundation.org/taxedu/glossary/child-tax-credit/
Child Tax Credit | TaxEDU Glossary
Jul 15, 2025 - The child tax credit (CTC) is a partially refundable credit that reduces tax liability dollar-for-dollar by up to $2,000 for each child.
child tax credittaxeduglossary
https://taxfoundation.org/taxedu/videos/government-revenue/
How Do Governments Raise Revenue? | TaxEDU Videos
Governments provide various services at the federal, state, and local levels, paid for by taxes. Learn more about government revenue.
governmentsraiserevenuetaxeduvideos
https://taxfoundation.org/taxedu/glossary/oecd-pillar-2-global-minimum-tax/
OECD Pillar Two (Global Minimum Tax) | TaxEDU Glossary
Jul 21, 2025 - OECD Pillar 2 of the global tax deal would limit tax competition in the form of a 15 percent global minimum tax.
global minimum taxpillar twooecdtaxeduglossary
https://taxfoundation.org/taxedu/glossary/carbon-tax/
Carbon Tax Definition | TaxEDU Glossary
Feb 8, 2024 - A carbon tax is a form of carbon pricing and, as a market-based approach, it is a cost-effective way to reduce greenhouse gas emissions.
carbon taxdefinitiontaxeduglossary
https://taxfoundation.org/taxedu/primers/primer-the-weird-way-taxes-impact-behavior/
The Weird Way Taxes Impact Behavior | TaxEDU | Tax Foundation
Jan 14, 2026 - Our new primer explores tax policy in the real world through the weird way that taxes impact behavior, from France to the United States.
the weirdtax foundationwaytaxesimpact
https://taxfoundation.org/taxedu/glossary/unemployment-insurance-ui-taxes/
Unemployment Insurance Taxes | TaxEDU Glossary
Jul 18, 2025 - Unemployment insurance taxes fund a social insurance program jointly operated by the federal and state governments. Learn more about UI taxes.
unemployment insurancetaxestaxeduglossary
https://taxfoundation.org/taxedu/primers/primer-history-of-taxes/
History of Taxes | TaxEDU | Tax Foundation
history of taxestaxedufoundation
https://taxfoundation.org/taxedu/glossary/apportionment/
Apportionment | TaxEDU Glossary
Feb 4, 2026 - Apportionment is the determination of the percentage of a business’ profits subject to a given jurisdiction’s business taxes.
apportionmenttaxeduglossary
https://taxfoundation.org/taxedu/glossary/sales-tax/
Sales Tax Definition | TaxEDU Glossary
Jul 15, 2025 - A sales tax is levied on retail sales of goods and services and, ideally, should apply to all final consumption with few exemptions.
sales taxdefinitiontaxeduglossary
https://taxfoundation.org/taxedu/glossary/congressional-budget-office-cbo/
Congressional Budget Office (CBO) | TaxEDU Glossary
Mar 1, 2025 - The Congressional Budget Office (CBO) provides nonpartisan analysis to the U.S. Congress on federal economic and budgetary matters.
congressional budget officecbotaxeduglossary
https://taxfoundation.org/taxedu/videos/how-do-tax-brackets-work/
How Do Tax Brackets Work? | TaxEDU Educational Videos
Dec 19, 2024 - How do tax brackets work? Do you know what tax bracket you’re in? If you answered, “it depends,” you’re right! Watch our new video, Tax Brackets Explained.
tax bracketseducational videosworktaxedu
https://taxfoundation.org/taxedu/glossary/average-tax-rate/
Average Tax Rate | TaxEDU Glossary
Feb 12, 2024 - The average tax rate is the total tax paid divided by taxable income. The average tax rate shows the overall share of income paid in taxes.
tax rateaveragetaxeduglossary
https://taxfoundation.org/taxedu/glossary/bracket-creep/
Bracket Creep | TaxEDU Glossary
Jul 18, 2025 - Bracket creep occurs when inflation pushes taxpayers into higher income tax brackets or reduces the value of credits and deductions.
bracketcreeptaxeduglossary
https://taxfoundation.org/taxedu/glossary/alternative-minimum-tax-amt/
Alternative Minimum Tax (AMT) Definition | TaxEDU Glossary
Jul 22, 2025 - The Alternative Minimum Tax (AMT) is a separate tax system that requires some taxpayers to calculate their tax liability twice. Learn more.
minimum taxalternativeamtdefinitiontaxedu
https://finfoveskole.gov.cz/cs/taxedu
TAXEDU | Finfo ve škole
Informační zdroj pro studenty a učitele. Projekt vznikl ve spolupráci Finanční správy a Celní správy s cílem podpořit výuku finanční gramotnosti o informace z...
taxedu
https://taxfoundation.org/taxedu/videos/french-revolution-taxes/
Taxes and the French Revolution | TaxEDU Videos
Feb 19, 2025 - The French Revolution, which shifted government and society in the 18th century, had multiple catalysts, including taxes.
the french revolutiontaxestaxeduvideos
https://taxfoundation.org/taxedu/glossary/repatriation/
Repatriation | TaxEDU Glossary
Mar 6, 2025 - Tax repatriation is the process by which multinational companies bring overseas earnings back to the home country. Learn more with TaxEDU.
repatriationtaxeduglossary
https://taxfoundation.org/taxedu/glossary/undertaxed-profits-rule-utpr/
Undertaxed Profits Rule (UTPR) | TaxEDU Glossary
Jul 21, 2025 - The undertaxed profits rule (UTPR) allows a country to increase taxes on a business if that business is part of a larger company that pays less than the...
profitsruletaxeduglossary
https://taxfoundation.org/taxedu/legislative-courses/tax-foundation-university/
Tax Foundation University | TaxEDU
Apr 17, 2025 - Tax Foundation University (TFU) is a lecture series designed to equip congressional staffers with insights on tax policy and economics.
tax foundation universitytaxedu
https://taxfoundation.org/taxedu/glossary/flat-tax/
Flat Tax Definition | TaxEDU Glossary
Feb 10, 2026 - An income tax is referred to as a “flat tax” when all taxable income is subject to the same tax rate, regardless of income level or assets.
flat taxdefinitiontaxeduglossary
https://taxfoundation.org/taxedu/glossary/net-operating-loss-carryforward/
Net Operating Loss Carryforward | TaxEDU Glossary
Feb 23, 2024 - Net Operating Loss (NOL) Carryforwards allow businesses suffering losses in one year to deduct them from future years’ profits.
operatinglosstaxedu
https://taxfoundation.org/taxedu/glossary/book-income-vs-tax-income/
Book Income | TaxEDU Glossary
Jul 15, 2025 - Book income is the amount of income corporations publicly report on their financial statements to shareholders. Learn more.
bookincometaxeduglossary
https://taxfoundation.org/blog/understanding-deficits-debt-interest/
Understanding Debt, Deficits, and Interest | TaxEDU
Oct 9, 2025 - The US debt is on an unprecedented trajectory that will require ever-greater borrowing and larger interest payments on what is borrowed.
understanding debtinteresttaxedu
https://taxfoundation.org/taxedu/glossary/ways-and-means-committee/
House Ways and Means Committee | TaxEDU Glossary
Jul 8, 2025 - The House Ways and Means Committee is the chief tax-writing committee in the U.S. with jurisdiction over all revenue generation bills.
ways and meanshousecommitteetaxeduglossary
https://taxfoundation.org/taxedu/glossary/tax-pyramiding/
Tax Pyramiding | TaxEDU Glossary
Sep 4, 2024 - Tax pyramiding occurs when the same final good or service is taxed multiple times along the production process. Learn more with TaxEDU.
taxglossary