Tag: ‘state and local taxes’

One Solution to California’s Drought: Tax Water

By :: April 7th, 2015

The idea is straight out of Economics 101: If you want people to do less of something, raise the price. And California desperately needs its residents and businesses to use less water. So rather than trying to curb water use through a complex maze of regulation, why not just raise the price though a new […]

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GOP Governors Flirt with Tax Hikes but Still Wedded to Income Tax Cuts

By :: February 25th, 2015

The New York Times recently reported Republican governors across the country were “bucking the party line” on taxes, citing eight GOP executives proposing tax hikes. Bloomberg also noted the trend of Republican governors and “much-regretted” tax increases earlier this week. However, the Wall Street Journal just heralded “The Tax-Cutting Boon Sweeping the States.” So is […]

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Do Sales Tax Holidays Ever Make Sense?

By :: August 18th, 2014

Politicians love sales tax holidays as good campaign fodder. Retailers celebrate them with gaudy signs announcing tax-free shopping, and consumers line up to take advantage of the deals. But economists and policy analysts across the ideological spectrum condemn them as poorly targeted tax policy that produces little economic benefit. Is there any fiscal justification for […]

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Making State and Local Taxes “Friendly” to Small Businesses

By :: June 19th, 2014

Small business owners are more concerned with the complexity of state and local tax laws than with the amount of tax they pay, according to a recent survey conducted by Thumbtack.com in partnership with the Ewing Marion Kaufman Foundation. Aside from economic conditions, small business owners’ perception of the ease of compliance with licensing, regulatory, […]

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How To Fix Washington, DC's Tax System

By :: February 18th, 2014

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 […]

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A New TPC Resource on State Economic Conditions

By :: July 9th, 2013

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 […]

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Should States Use Tax Breaks to Woo Seniors?

By :: February 9th, 2012

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 […]

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

By :: December 27th, 2011

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 […]

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

By :: December 22nd, 2011

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 […]

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Rick Perry, Texas, and Taxes

By :: August 16th, 2011

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. […]

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