With 2017 just around the corner and state policymakers beginning work on next year’s legislation in earnest, it’s worth pausing to review recent trends in state taxation to glean hints of what to expect in the year to...
- Putting a Face on America's Tax Returns: Chart 2
Putting a Face on America's Tax Returns: Chart 2
Introduction Every year, the IRS adjusts more than 40 tax provisions for inflation. This is done to prevent what is called “bracket creep.” This is the phenomenon by which people are pushed into higher income tax brackets or have...
Key Findings: Hillary Clinton would enact a number of policies that would raise taxes on individual income, increase tax credits, and reform business taxation. According to the Tax Foundation’s Taxes and Growth Model, the plan would...
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