"State Budgets and Tax Implications"
Joseph Henchman, Tax Counsel and Director of State Projects at the Tax Foundation, discusses the economic situation facing the states and how individual states are dealing with budgets and related tax issues.
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...
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Chris Edwards Grades the Governors
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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...