The Tax Policy Blog

August 20, 2014

We recently published a map showing how far $100 would take you in different states. For example, in states with low costs of living, like Arkansas, $100 had the same sort of purchasing power that $115 would have in an average state.

We got a lot of requests – particularly from upstate New Yorkers - for a map of purchasing power that separates out cities from non-metropolitan areas. Fortunately, that data is...

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August 20, 2014

Ed Kleinbard, a law professor at the University of Southern California, has a new...

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August 20, 2014

It is well known that the United States has the highest corporate income tax rate among the 34 industrialized nations of the Organization for Economic Cooperation and Development (OECD). However, it is less well known how the United States stacks up against all of the countries and other tax jurisdictions throughout the world.

This map shows the top marginal corporate income tax rates for 163 countries and tax jurisdictions.

...

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August 20, 2014

The United States, Chile, and Hungary are the only three OECD countries that have not cut their corporate tax rate since 2000. Hungary and Chile, who had the two lowest rates in the OECD in 2000, have both increased their rates to 19 and 20 percent, respectively.

Germany has cut its rate the most in this timeframe, going from 52 percent in 2000 to 30.2 percent in 2014. Canada, Ireland, Poland, and the U.K., among other, have also made large cuts to their corporate tax rate. In all,...

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August 20, 2014

We're in Minneapolis this week for the annual meeting of the National Conference of State Legislatures (NCSL), where 6,000 state legislators, staffers, and experts gather. I'll be on an NCSL panel event on State Tax Reform with Michael Leachman of CBPP, at 3:30pm today in M100DE...

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August 18, 2014

Alaska voters go to the polls tomorrow to decide Measure 1, which would change taxation of oil production. A yes vote repeals the More Alaska Production Act (MAPA) tax system championed by Gov. Sean Parnell (R) and passed in 2013, instead reinstating the previous Alaska’s Clear and Equitable Share (ACES) tax system pushed through in 2007 by then-Gov. Sarah Palin (R) in 2007. A no vote...

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August 18, 2014

Update: For an additional map that breaks the data down by metropolitan statistical areas, click here.

This week’s tax map shows the real value of $100 in each state. Because average prices for similar goods are much higher in California or New York than in Mississippi or South Dakota, the same amount of dollars will buy you comparatively less in the high-price states, or comparatively more...

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August 18, 2014

College is generally a good investment. On average, people who earn a four year degree go on to make almost twice as much as those with only a high school diploma. But while those future high earners are in college, they tend to be relatively poor (speaking from experience here).

The relative poverty of college students has some big implications for how we look at inequality. We recently released a...

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August 14, 2014

An interesting new interactive tool produced by the New York Times’ Upshot blog presents data showing state populations back to 1900, and what share of them were born in-state, abroad, or in other states. It’s a fascinating graphic to look at, but can be hard to interpret. What does it mean that North Carolina’s born-in-state share has...

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August 14, 2014

In the current hysteria over corporate inversions, many point to their cost to the U.S. Treasury. In a Washington Post article, BusinessWeek’s Allan Sloan writes about corporate inversions saying: “All of this threatens to undermine our tax base, with projected losses in the billions.”

While corporate...

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August 14, 2014

State Tax Notes today reports that the California Senate just approved a bill that would prohibit sports team owners from deducting professional fines as business expenses. The bill, which was approved 27 to 9, is aimed at Donald Sterling, owner of the Los Angeles Clippers, who made racially offensive comments this year resulting in a $2.5 million fine from the NBA. The bill would...

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August 13, 2014

Wealth inequality has surged into public discourse this year with the release of works such as Thomas Piketty’s popular Capital in the Twenty-First Century. However, the data social scientist use to measure inequality isn’t an effective tool for the job.

To add to the conversation, we’ve released a...

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August 13, 2014

Income data from the IRS and the Census Bureau have their uses, but measuring equality isn’t one of them. This is because income data lacks context.

A single year snapshot of income data misses how income fluctuates significantly over the course of an individual’s life. For example, a person who is a poor medical student today will later be a doctor who makes a high salary.

In fact, the average tax return for an 18- to 25-year-old shows about $15,000 in adjusted...

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August 13, 2014

Pennsylvania State Representative John Lawrence (R) has circulated a memo (paywalled) stating his intention to “introduce legislation proposing an 80 cents per pack cigarette tax to fund significant school property tax relief for low-income seniors.” The memo indicates that seniors with under $35,000 in annual income everywhere outside of Philadelphia (subject to a separate...

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Subscribe to Tax Foundation - Tax Foundation's Tax Policy Blog The Tax Policy Blog is the official weblog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.

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