The Deduction

Tax Foundation
  • 4.6 (39)
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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

  1. 1D AGO

    You Might Owe Taxes in a State You Don’t Live In

    Should you have to file a tax return in a state where you babysat for one hour? In 22 states, the answer is technically yes. In this episode of The Deduction, host Kyle Hulehan and co-host Erica York sit down with Katherine Loughead, Director of State Tax Projects at the Tax Foundation, to break down the tangled mess of state nonresident income tax laws — and why they're a growing problem in the remote work era. Katherine walks us through how credits for taxes paid to other states are supposed to prevent double taxation, why "convenience rules" in 8 states can saddle remote workers with two full tax bills, how a wild patchwork of filing thresholds creates confusion for workers and employers alike, and what reforms states should adopt to simplify the system. 📄 READ THE FULL PAPER: "Nonresident Income Tax Filing and Withholding Laws by State, 2026" https://taxfoundation.org/data/all/state/nonresident-income-tax-filing/ 📄 RELATED: "State Individual Income Taxes on Nonresidents: Remote Work & Hybrid Work" https://taxfoundation.org/research/all/state/state-income-taxes-nonresidents/ 📄 "How Burdensome Are Your State's Nonresident Income Tax Filing Laws?" (Interactive Map) https://taxfoundation.org/data/all/state/nonresident-income-tax-filing-laws/ 📄 Mobile Workforce State Income Tax Simplification Act https://taxfoundation.org/blog/complicated-state-taxes-business-travelers/ ——— HOSTS & GUEST: Kyle Hulehan — Host, Senior Marketing Associate & Creative Producer Tax Foundation: https://taxfoundation.org/about-us/staff/kyle-hulehan Erica York — Co-Host, Vice President of Federal Tax Policy Tax Foundation: https://taxfoundation.org/about-us/staff/erica-york Twitter/X: https://twitter.com/ericadyork LinkedIn: https://linkedin.com/in/erica-york-a68ab474 Substack: https://ericadyork.substack.com Katherine Loughead — Guest, Director of State Tax Projects Tax Foundation: https://taxfoundation.org/about-us/staff/katherine-loughead Twitter/X: https://twitter.com/KELoughead LinkedIn: https://linkedin.com/in/katherine-e-loughead-6020a568 ——— FOLLOW THE DEDUCTION: Twitter/X: https://twitter.com/deductionpod FOLLOW TAX FOUNDATION: Website: https://taxfoundation.org Twitter/X: https://twitter.com/TaxFoundation 📬 Have a question? Email us at podcast@taxfoundation.org or DM @DeductionPod on Twitter. #taxes #remotework #statetaxes #taxfiling #incometax #taxreform #taxfoundation #deduction #podcast #workfromhome Support the show Follow us! https://twitter.com/TaxFoundation https://twitter.com/deductionpod Support the show

    41 min

  2. APR 2

    One Year After "Liberation Day," Did Trump's Tariffs Deliver?

    On April 2, 2025, President Trump announced sweeping "reciprocal" tariffs on Liberation Day, promising an investment boom, massive revenue, debt reduction, and lower prices. One year later, Kyle Hulehan and Erica York dig into the data to see how those promises held up. 0:00 - Liberation Day speech recap 2:00 - Were the tariffs actually "reciprocal"? 5:30 - The real math behind the tariff formula 10:00 - Market reactions and policy chaos 14:00 - The promised investment boom that never arrived 17:30 - Tariff revenue vs. projections and the national debt 22:00 - Who actually paid the tariffs? 25:30 - Business uncertainty and real-world impacts 29:30 - Could any version of these tariffs have worked? 36:00 - The five broken promises of Liberation Day 37:00 - What comes next after the Supreme Court ruling Resources: Tax Foundation Tariff Tracker: https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/ Tax Foundation Trade & Tariff Research: https://taxfoundation.org/research/all/federal/topics/trade/ Subscribe to the Tax Foundation: https://taxfoundation.org/subscribe/ Support the show Follow us! https://twitter.com/TaxFoundation https://twitter.com/deductionpod Support the show

    39 min

  3. MAR 11

    Should We Tax Artificial Intelligence?

    AI is everywhere, and now it's in the tax policy debate. In this episode of The Deduction, hosts Kyle Hulehan and Erica York sit down with Alex Muresianu, Senior Policy Analyst at the Tax Foundation. Together they examine what current labor market data actually shows, why proposals from Senators Sanders and Kelly risk backfiring, and what smarter reforms like worker retraining deductions and consumption-based taxation would strengthen the tax code no matter how the AI story unfolds. Connect with the Guests Kyle Hulehan — Host, Senior Marketing Associate and Creative Producer Tax Foundation: taxfoundation.org/about-us/staff/kyle-hulehan  Erica York — Co-Host, Vice President of Federal Tax Policy Tax Foundation: taxfoundation.org/about-us/staff/erica-york Twitter/X: @ericadyork LinkedIn: linkedin.com/in/erica-york-a68ab474 Substack: ericadyork.substack.com Alex Muresianu — Senior Policy Analyst, Federal Tax Policy Tax Foundation: taxfoundation.org/about-us/staff/alex-muresianu Twitter/X: @ahardtospell LinkedIn: linkedin.com/in/alex-muresianu-2b1802181 Related Reading "When Taxing AI, Don't Reinvent the Wheel" — Alex Muresianu, Tax FoundationThe Deduction PodcastQuestions? Email: podcast@taxfoundation.org | Twitter: @DeductionPodSupport the show Follow us! https://twitter.com/TaxFoundation https://twitter.com/deductionpod Support the show

    37 min

  4. FEB 25

    Trump Tariffs Blocked by the Supreme Court (What’s Next?)

    Last Friday, the Supreme Court struck down President Trump’s IEEPA tariffs in a landmark 6-3 decision. In this episode of The Deduction, hosts Kyle Hulehan and Erica York break down what the ruling actually means, from how collections could be refunded to how the administration is already scrambling to put new tariffs in place. Erica walks through why businesses may face even more uncertainty in the near term as a messy patchwork of replacement tariffs takes shape. --- TIMESTAMPS: 0:00 – Weekend tariff chaos and IEEPA "pdu" 2:00 – What the Supreme Court decided on IEEPA tariffs 4:36 – Which tariffs were struck down (Liberation Day, fentanyl, and more) 5:42 – Will importers get refunds on $160 billion in unlawful collections? 7:54 – Does the ruling improve the economic outlook? 9:00 – What tariff authority does the president still have? 9:42 – Updated Tax Foundation tariff model numbers 12:00 – Section 122 explained: 150-day tariffs and legal questions 14:00 – Section 232, Section 301, and the coming patchwork of tariffs 15:42 – The compliance and administrative waste of tariff policy 17:00 – Can Congress step in and reclaim tariff authority? --- RESOURCES: Tax Foundation Tariff Tracker: https://taxfoundation.org/research/all/federal/trump-tariffs-trade-war/ Tax Foundation IEEPA Tariff Analysis: https://taxfoundation.org/tags/ieepa/ --- CONTACT: Email: podcast@taxfoundation.org Twitter/X: @DeductionPod Twitter/X: @EricaDYork  Drop a comment below with your tax questions. --- ABOUT: The Deduction is a podcast by the Tax Foundation, the world's leading independent tax policy nonprofit. The Tax Foundation has been providing trusted, nonpartisan tax research and analysis since 1937. Support the show Follow us! https://twitter.com/TaxFoundation https://twitter.com/deductionpod Support the show

    19 min

  5. 12/17/2025

    2025 Tax Review | What OBBBA Changed, the Impact of Tariffs, and What’s Next

    The One Big Beautiful Bill Act capped off a hectic year for tax policy. It extended key Tax Cuts and Jobs Act provisions, reshaped the outlook for 2026, and raised fresh questions about the deficit.  In this episode, Kyle Hulehan and Erica York are joined by Daniel Bunn, President and CEO, and Jared Walczak, Vice President of State Projects, to break down what the law did, walk through our projections, and zoom out to other defining fights of 2025: Trump's "Liberation Day" tariffs, the Supreme Court challenge over presidential tariff power, and the growing wave of property tax revolts across the states.    Support the show Follow us! https://twitter.com/TaxFoundation https://twitter.com/deductionpod Support the show

    52 min

  6. 11/02/2025

    Trump’s Tariffs Head to the Supreme Court

    In this episode of The Deduction podcast, host Kyle Hulehan and co-host Erica York are joined by Alex Durante, Senior Economist at the Tax Foundation, to discuss the Supreme Court's upcoming decision on whether the president can impose $2.2 trillion in tariffs under the International Emergency Economic Powers Act (IEEPA).  The conversation covers the origins and implications of these tariffs, their economic impact on consumers and businesses, and the potential outcomes of the court ruling. They also explore the broader theme of presidential authority in trade regulation and the possible legislative responses. Stay tuned for an insightful breakdown of the tariff landscape and its future implications.   00:00 Introduction and Bananas  00:36 Welcome to The Deduction Podcast  01:15 Tariffs and Presidential Authority  04:15 Impact of Tariffs on Consumers and Businesses  06:58 Bananas as a Case Study  08:42 Personal Stories of Tariff Impact  10:43 Legal Battle Over Tariffs  14:25 Future of Tariff Policies  20:53 Congress vs. Presidential Power  23:32 Conclusion and Listener Engagement  Support the show Follow us! https://twitter.com/TaxFoundation https://twitter.com/deductionpod Support the show

    26 min

  7. 10/07/2025

    Can We Replace the Property Tax?

    Property tax repeal would put roughly 70 percent of local tax revenue on the line—forcing states and localities to find something else. Can sales or income taxes really replace it without major rate spikes, burden shifts, and anti-growth incentives?    Kyle Hulehan is joined by Jared Walczak, Vice President of State Projects at Tax Foundation, to unpack the math behind replacement plans, the trade-offs voters should know about, and why reform may beat repeal.  Support the show Follow us! https://twitter.com/TaxFoundation https://twitter.com/deductionpod Support the show

    24 min

  8. 09/23/2025

    Is the OBBBA a Step Back for Tax Simplicity?

    In this episode of The Deduction, host Kyle Hulehan discusses the complexities of the US tax system with Alex Muresianu, Senior Policy Analyst at the Tax Foundation. They delve into the staggering 7.1 billion hours Americans spend on tax compliance every year, and explore the impact of the One Big Beautiful Bill Act on simplifying and complicating the tax code. Key topics include the permanence of the Tax Cuts and Jobs Act provisions, the introduction of new deductions, and the challenges and missed opportunities for structural tax reform. They also discuss the significant costs associated with tax compliance and suggest potential reforms for the future. Join us for an insightful conversation on the intricacies of the US tax system and the path ahead.  Links: https://taxfoundation.org/research/all/federal/obbba-income-tax-complexity-tax-breaks/ https://taxfoundation.org/research/all/federal/one-big-beautiful-bill-act-tax-changes/ Support the show Follow us! https://twitter.com/TaxFoundation https://twitter.com/deductionpod Support the show

    25 min
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4.6
out of 5
39 Ratings

About

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

Information

  • Creator
    Tax Foundation
  • Years Active
    2020 - 2026
  • Episodes
    120
  • Rating
    Clean
  • Copyright
    © 2026 Tax Foundation
  • Show Website
    The Deduction

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