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|motto = Educating Taxpayers Since 1937
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|type = Public Policy [[Think Tank]]
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|leader_name = [[Scott A. Hodge]]
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Revision as of 18:23, 26 July 2008

Tax Foundation
Formation1937
TypePublic Policy Think Tank
Headquarters2001 L Street NW, Suite 1050
Location
President
Scott A. Hodge
Websitewww.taxfoundation.org

The Tax Foundation is a Washington-D.C.-based tax research organization founded in 1937. It is organized as 501(c)3 non-profit educational organization. The group is most famous for its annual calculation of Tax Freedom Day, which it has produced since the early 1970s. The Tax Foundation's stated mission is to "educate taxpayers about sound tax policy and the size of the tax burden borne by Americans at all levels of government."

Goals

The group lists as its guiding research principles the following "principles of sound tax policy":[1]


  1. Simplicity: The tax system should be as simple as possible, and taxes should be easy to understand and comply with.
  2. Transparency: Taxes should be as visible as possible to taxpayers, and should make clear who and what is being taxed.
  3. Stability: Tax law should not change continually, and changes in tax law should not be retroactive.
  4. Neutrality: Taxes should aim to raise revenue with a minimum of economic distortion, and should not attempt to micromanage the economy.
  5. Growth-promotion: Taxes should raise revenue for programs while consuming as small a portion of national income as possible, and should interfere with economic growth, trade and capital flows as little as possible.

Criticisms

Like many think tanks around the world that annually calculate Tax Freedom Day, the Tax Foundation's annual study in the United States has been criticised by various other think tanks, such as the Center on Budget and Policy Priorities (CBPP).[2]

Notes

  1. ^ About the Tax Foundation Tax Foundation
  2. ^ Lav, Iris J. (1999-05-10). "Tax Foundation Figures Produce Misleading and Inaccurate Impressions of Middle Class Tax Burdens". Retrieved 2007-01-29. {{cite web}}: Unknown parameter |coauthors= ignored (|author= suggested) (help)

See also