The Tax Foundation is the nation’s leading independent tax policy research organization. Since 1937, our principled research, insightful analysis, and engaged experts have informed smarter tax policy at the federal, state, and local levels.
Tax codes should be easy for taxpayers to comply with
and for governments to administer and enforce.
Tax policies should clearly and plainly define what
taxpayers must pay and when they must pay it.
Hiding tax burdens in complex structures should be
avoided. Additionally, any changes to the tax code
should be made with careful consideration, input, and
Taxpayers deserve consistency and predictability in
the tax code. Governments should avoid enacting
temporary tax laws, including tax holidays, amnes-
ties, and retroactive changes, and strive to establish
stable revenue sources.
Taxes should neither encourage nor discourage per-
sonal or business decisions. The purpose of taxes is
to raise needed revenue, not to favor or punish specif-
ic industries, activities, and products. Minimizing tax
preferences broadens the tax base, so that the govern-
ment can raise sufficient revenue with lower rates.
OUR VISION IS A WORLD WHERE THE TAX CODE
DOESN’T STAND IN THE WAY OF SUCCESS
OUR PRINCIPLES OF SOUND TAX POLICY
TABLE OF CONTENTS
LETTER FROM THE PRESIDENT
2020 IMPACT METRICS
CENTER FOR STATE TAX POLICY
CENTER FOR FEDERAL TAX POLICY
CENTER FOR GLOBAL TAX POLICY
NOTE FROM OUR CHAIRMAN
PERFORMANCE AT A GLANCE
STAFF AND BOARD
TAX FOUNDATION | 1
2020 was an interesting year, wasn’t it? Here at Tax
Foundation, we started with an ambitious agenda of
publications, analysis projects, Model upgrades, and
development goals—and then COVID-19 came to
When a national emergency was declared, just like
you, we read, saw, and heard the fear and uncertainty
around proposed economic policy remedies to coun-
teract the damage of state and local lockdowns.
As an organization, we decided to exhaust every dime
in the coffers before a single layoff or downsize would
even be considered