When the tax costs of operating in New York are only a fifth of the cost of locating the same operation in Wyoming, something unusual is going on. Yet that’s exactly what we find for new research and development (R&D...
- Sources of State and Local Tax Revenue, Fiscal Years 2008...
Sources of State and Local Tax Revenue, Fiscal Years 2008-2010
March 14, 2013
Key Findings Policymakers are currently focused on revenue neutral corporate tax reform to bring down the high U.S. statutory corporate tax rate. Corporate-only tax reform leaves out nearly 95 percent of all businesses from tax reform....
Levied in 44 states, corporate income taxes account for a relatively small share of state revenue—5.2 percent of state tax collections and just over 2 percent of all state revenue, including federal transfers. Top rates range from a low of...
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