Posts Tagged ‘state and local taxes’

How To Fix Washington, DC’s Tax System

An advisory commission has recommended some interesting changes to the District of Columbia’s tax system. The commission’s proposals may provide some useful lessons for other states looking to reform their tax codes. In some ways, of course, DC is unique. While it is a city, it functions much like a state. However, because of its […]

A New TPC Resource on State Economic Conditions

It isn’t easy to get up-to-date information about state and local economic conditions. Now, a new one-stop resource from The Tax Policy Center’s State and Local Finance Initiative is available to help. The Initiative published its first quarterly State Economic Monitor today. It’s filled with useful information about state labor markets, housing, tax revenues, and overall […]

Should States Use Tax Breaks to Woo Seniors?

We’ve all seen the articles in Forbes, Kiplingers, or U.S. News trumpeting the best states to live in retirement. A key measure for them all: Low taxes. What you may not know is that states actively compete with one another to provide tax breaks to older residents—especially to wealthy seniors. This competiton is similar to the way […]

Rethinking the Way We Tax Charities and Those Who Give to Them

It is that time of year when we celebrate with family, remember all we have to be thankful for, and scramble to squeeze out those last few dollars of tax deductible charitable gifts. And that got me thinking about the tax treatment of charities and other non-profits.   It is surely true that we give […]

The Tax Vox 2011 Lump of Coal Award: Kicking the Can Edition

Welcome to Tax Vox’s fifth annual Lump of Coal Award recognizing 2011’s ten worst moments in fiscal policy. It is hard to imagine so much ugliness crammed into a mere 12 months. But after much thought and debate, the winners are: 10. The rating agency Standard & Poor’s for downgrading U.S. debt based upon a […]

Rick Perry, Texas, and Taxes

Texas Governor Rick Perry, the latest entrant in the GOP presidential sweepstakes, swaggers into the race as the very personification of a low-tax, small-government, Lone Star politician. But his record on taxes over more than two decades as a legislator and governor turns out to be much more complicated (dare I say nuanced) than that. […]