Joseph Henchman, Tax Counsel at the Tax Foundation, discusses whether sales tax holidays are a good idea or a political ploy.
In Fiscal Year 2010, state and local governments collected $441.6 billion in property taxes, comprising 23.5 percent of state and local own-source revenue.[1] The tax exists in all...
The Tax...
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One point of contention in the North Carolina tax reform debate has been the fate of one particular tax expenditure—the uncapped sales tax refund for nonprofits. The refund applies to "sales of taxable tangible personal...
Using firm-level financial data from Shackelford and Markle’s “Cross-Country Comparisons of Corporate Income Taxes,” this chart shows the average effective corporate income tax rate for U.S. major NAICS industries from...