Facing a $1.3 billion shortage in the next year’s state budget—the largest gap in Oklahoma’s history—the Oklahoma legislature wrapped up its regular session last week with the passage of a $6.8 billion budget. The budget...
- Fiscal Cliff: AMT
Fiscal Cliff: AMT
In the most recent twist of the fiscal cliff negotiations, Speaker Boehner has offered to allow the Bush tax cuts to expire for millionaires, meaning in this case those earning literally one million dollars or more in adjusted gross income. Speaker...
Recently, we released an analysis looking at the potential total tax increase on the median four-person family in each state. We found that higher income and lower states tended to be affected more than middle income states—higher income...
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