President Obama just announced at a press conference that he has directed Treasury Secretary Jack Lew to demand the resignation of the Acting IRS Commissioner, Steven Miller. CNN then obtained Miller's resignation letter...
- Washington CEO Magazine Cites Tax Foundation in Business Climate An...
Washington CEO Magazine Cites Tax Foundation in Business Climate Analysis
By Aaron Corvin
Washington's decision to lean on sales and property taxes and its B&O tax is a "pretty good decision," says William Ahern of the nonpartisan Tax Foundation, a Washington, D.C.-based group. The foundation this year ranks the state's tax system 11th best in the country for business. The absence of personal and corporate income taxes in Washington has tipped the state into increasingly favorable rankings over the years, Ahern adds. "States that have managed to do without [at least] one of the major taxes—either a tax on sales, as Oregon has, or on income [and corporate taxes], as Washington has—give themselves advantages," he says. In 2008, the Tax Foundation ranked Oregon 10th, Idaho 31st and California 47th.
But the Tax Foundation's 2008 analysis ranked Washington's sales tax 50th, says Ahern, because the state "levies its sales tax on most business inputs—such as services, manufacturing and leases—and maintains relatively high excise taxes."
Maryland Gov. Martin O’Malley’s office took a swipe at a grass-roots citizens’ group over a report claiming people are leaving Maryland for Virginia, beginning a fight in cyberspace between the governor, the citizens’ group and an established...
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