76 episodes

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

The Deduction Tax Foundation

    • Government
    • 4.6 • 33 Ratings

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

    Taxocracy Tales with Scott Hodge

    Taxocracy Tales with Scott Hodge

     All taxes tell a story, and today we’ll explore how taxes influenced Bob Dylan's decision to sell his music catalog, how the "chicken tax" reshaped the auto industry, and how the historic "tax on air and light" had profound effects on architecture and living conditions. 
    Scott Hodge, President Emeritus & Senior Policy Advisor at the Tax Foundation, joins host Kyle Hulehan to discuss his new book, Taxocracy: What You Don’t Know About Taxes and How They Rule Your Daily Life.

     Links:
    https://www.amazon.com/Taxocracy-What-About-Taxes-Daily/dp/B0CL3BXBVS
     


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    • 28 min
    Survey Says Tax Confusion

    Survey Says Tax Confusion

    All Americans are affected by the tax code—but do they understand the tax code? To find out, the Tax Foundation’s educational program, TaxEDU, and Center for Federal Tax Policy conducted a poll with Public Policy Polling. The poll surveyed more than 2,700 U.S. taxpayers over 18 years old—spanning the political spectrum and income distribution—to gauge Americans’ knowledge of basic tax concepts and opinions of the current tax code. 
    The results: most Americans are confused by and dissatisfied with the federal tax code.
     
     Links:
     
    https://taxfoundation.org/blog/national-tax-literacy-poll-education/ 
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    • 16 min
    Biden’s Budget Blueprint

    Biden’s Budget Blueprint

     In the context of the 2024 election year, what does President Biden's 2025 budget proposal signify regarding his strategies and priorities as he seeks reelection? And how could these proposals shape the overall landscape of this election cycle?
     
    Garrett Watson, Senior Policy Analyst and Modeling Manager at the Tax Foundation, joins Kyle Hulehan to discuss the president’s plan—from raising the corporate tax rate to implementing a billionaires' tax—and the longstanding flaws in the budget process. 
     Links: 
    Taxing Consumption Progressively Is a Better Way to Tax the WealthyHow Taxing Consumption Would Improve Long-Term Opportunity and Well-Being for Families and ChildrenTax Calculator: How the TCJA’s Expiration Will Affect YouDetails and Analysis of Making the 2017 Tax Reforms PermanentHow to Rein in the National Debt

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    • 21 min
    Unpacking the Impact of TCJA, IRA, and CHIPS on the U.S. Economy

    Unpacking the Impact of TCJA, IRA, and CHIPS on the U.S. Economy

     Today, we're examining the differences between the broad incentives provided by the Tax Cuts and Jobs Act and the targeted approach of the Inflation Reduction Act and the CHIPS and Science Act. 
     Alex Muresianu, Senior Policy Analyst at the Tax Foundation, joins Kyle Hulehan to explore these policies' intentions, tangible effects on specific sectors, and impact on the broader U.S. economy.

      Links: 
     https://taxfoundation.org/research/all/federal/supply-side-economics-industrial-policy/ 
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    • 27 min
    Launching Tax Foundation Europe

    Launching Tax Foundation Europe

     As the world of tax policy becomes more interconnected, the Tax Foundation is stepping up, recognizing the pressing need for informed and principled tax policy education in an ever-evolving landscape. 
     In response, we are broadening our scope by establishing a presence at the epicenter of European tax policy discussions: Brussels. 
     Sean Bray, Director of European Policy at the Tax Foundation, and Edwin Visser, Deputy Global Tax Policy Leader at PwC Netherlands, join Kyle Hulehan to discuss the launch of Tax Foundation Europe. 
     
    Links: 
     https://taxfoundation.org/blog/tax-foundation-europe-launches/ 
     https://taxfoundation.org/eu/ 
     https://taxfoundation.org/eu/research/european-tax-policy-scorecard/ 
     https://taxfoundation.org/research/all/eu/eu-green-transition-tax-policy/ 
     https://taxfoundation.org/research/all/eu/capital-gains-taxation-eu/ 
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    • 34 min
    Costly Inputs: Unraveling Sales Tax's Impact on Businesses

    Costly Inputs: Unraveling Sales Tax's Impact on Businesses

    Sales taxes go beyond a few extra bucks at the register. It’s not just about what you pay, but who pays. What are the implications of state sales tax bases across the U.S.? 
    Katherine Loughead, Senior Policy Analyst & Research Manager at the Tax Foundation, joins Kyle Hulehan. Together, we'll uncover the core principles behind an efficient sales tax system and examine how taxing business inputs can lead to economic inefficiencies and higher prices for consumers. 
     Links: 
     https://taxfoundation.org/research/all/state/kentucky-sales-tax-reform/ 
    https://taxfoundation.org/data/all/state/2024-sales-taxes/ 
     https://taxfoundation.org/taxedu/glossary/tax-pyramiding/ 
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    • 32 min

Customer Reviews

4.6 out of 5
33 Ratings

33 Ratings

wfreedomnexus ,

An honest discussion on taxes

Really enjoy the honest discussions and more importantly the history and ramifications of certain tax policies as well as the never ending proposals that seem to be out there. Regardless if it is a windfall profits tax or a new Social Security tax we all must be educated and structure our finances to legally pay the least amount of taxes and keep more in our pockets.

CarolineFromDC ,

Truly Enthralling!

Very informative discussions with experts. Love listening and can’t wait for more episodes.

Fezziwig out... ,

The Intramural Discussion

Great for the egghead, but I was really looking forward to a SIMPLE explanation of Biden's tax plan when I was run over by tax speak that was out of my paygrade. NOT FOR THE COMMON MAN.

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