Much of the growth in business income since 1980 has come from pass-through businesses. Pass-throughs now earn over 60 percent of all net business income. In 2011, pass-throughs earned $1.3 trillion in business income...
- Selected Federal Rates, 2012 - 2013
Selected Federal Rates, 2012 - 2013
March 14, 2013
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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