The Obama Administration yesterday backed down from its plan to tax the earnings on 529 savings accounts, a kind of saving account for higher education under section 529 of the tax code. At Bloomberg, Richard Rubin and...
- State Business Tax Climate Index-- Corporate Tax Index, 2...
State Business Tax Climate Index-- Corporate Tax Index, 2011-2012
January 25, 2012
Key Findings Forty-five states and the District of Columbia allow first-year expensing of small business capital investment as permitted under Section 179 of the Internal Revenue Code. Twelve states and the District of Columbia are out of...
Key Findings Pass-through business income is taxed on the business owners’ tax returns through the individual income tax code. Pass-through business income faces marginal tax rates that exceed 50 percent in some U.S. states....
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