As part of his new tax plan, the president has proposed ending the “step-up” in tax basis for inherited assets, and, furthermore, requiring the capital gains tax to be paid at death rather than when an heir later sells...
- Dates of Adoption of Major State Taxes
Dates of Adoption of Major State Taxes
January 01, 2005
Hearing on Tobacco: Taxes Owed, Avoided, and Evaded Before the U.S. Senate Committee on Finance Chairman Wyden, Ranking Member Hatch, and members of the Committee: I appreciate the opportunity to submit this statement on tobacco taxes and...
Key Findings Large differentials in cigarette taxes across states create incentives for black market sales. Smuggled cigarettes make up substantial portions of cigarette consumption in many states, and greater than 25 percent of consumption in...
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