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Mission Statement

To monitor and disseminate research on all fiscal activities at all levels of government federal, state, and local -- to advance policies promoting economic growth and a principaled approach to tax policy. To provide information and educational opportunities to policy makers relating to the critical issues of the day and to long-term issues. To maintain a non-partisan approach to policy analysis. To apply rigorously the Tax Foundation's Pricnicples of Taxation: *Well informed citizenry - people must know who and what is being taxed and how tax legislation is enacted. *Simplicity - Complexity makes accurate tax compliance needlessly expansive and punitive. *Stability - frequent change lessens citizens understanding of the tax code and complicates long range financial planning. *No retroactivity - taxpayers must have confidence in the law as it exists entering into a transaction. *Neutrality - the primary purpose of taxes is to raise revenue, not to micromanage the economy with subsidies and penalties. The tax system should favor neither consumption saving and investment. *Promote economic growth - The US tax system should not impede the free flow of goods, services, and capital, domestically or internationally.

Description

The Tax Foundation is a nonprofit, nonpartisan policy research organization that has monitored fiscal policies at all levels of government since 1937. In that half-century, the Tax Foundation has earned a reputation for its independence in gathering data and publishing information on the public sector in an objective, unbiased fashion. As a 501(c)(3) tax-exempt eductional organization, the Tax Foundation exists on voluntary contributions from philanthropic foundations, corporations, and individuals across the country.

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http://www.taxfoundation.org

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