Today is May 26, the anniversary of the Quill v. North Dakota decision of 1992, when the U.S. Supreme Court upheld “the continuing validity” of restricting state sales tax powers only to businesses with property or...
- PBS NewsHour: Scott Hodge on Mitt Romney's Tax Plan
PBS NewsHour: Scott Hodge on Mitt Romney's Tax Plan
Key Findings Marijuana tax collections in Colorado and Washington have exceeded initial estimates. A mature marijuana industry could generate up to $28 billion in tax revenues for federal, state, and local governments, including $7 billion in...
Key Findings The combined top federal tax rate on equity-financed corporate income in the United States is 50.47 percent, compared to a top federal tax rate of 43.4 percent on other business income. Equity-financed corporate income is subject...
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