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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? 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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. 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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. 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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