On July 14th, the IRS held a public hearing for the debt-equity rule (section 385 of the IRS code) that the Treasury Department proposed last April. The hearing, which had as many as 16 speakers from various industries,...
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- Congratulations to the Winners of our Local Income Tax Co...
Congratulations to the Winners of our Local Income Tax Contest
The results are in from our contest to guess the number of local income tax jurisdictions in the U.S., which recently ended with the publication of our new report, "Local Income Taxes: City- and County-Level Income and Wage Taxes Continue to Wane," by Joseph Henchman and Jason Sapia. The correct number is 4,943 jurisdictions.
Our winner is Frank Spahn, whose guess of 4,997 was only 54 off the correct value. In second place is Sean O'Brien, with a guess of 5,000 (57 off) and third is Paul Cwik, with a guess of 5,135 (192 off). Thanks to everyone who participated!
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The Tax Policy Blog is the official blog 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.