Imagine running a small business and being assessed a penalty by the IRS. Then imagine being told by the IRS that the only way to avoid the penalty is to commit a serious felony, laundering money. This Kafkaesque...
- Putting a Face on America's Tax Returns: Chart 2
Putting a Face on America's Tax Returns: Chart 2
Individual income taxes are a major source of state government revenue, accounting for 35 percent of state tax collections. Their prominence in public policy considerations is further enhanced by the fact that individuals are directly responsible...
Executive Summary President Obama proposed a long list of changes to the tax system as part of his fiscal year 2016 budget. We used the Tax Foundation Taxes and Growth Model to determine the likely effect of the proposed tax changes on GDP, capital...
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