Yesterday, the governor of Puerto Rico announced that his government’s $72 billion of debts are not payable, in advance of $1.92 billion in debt service payments due on Wednesday. This announcement follows over a year...
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- Just Released: New Book on Iowa's Tax System and Eco...
Just Released: New Book on Iowa's Tax System and Economy
This morning, we released a new chart book that illustrates why tax reform should be on the minds of Iowan policymakers and taxpayers during the upcoming gubernatorial election in November. Iowa Illustrated: A Visual Guide to Taxes & the Economy provides reporters, legislators, and taxpayers with an in-depth look at the make-up of Iowa’s tax code and its growing economy.
By offering a broader perspective of Iowa’s taxes and illustrating some of the lesser-known aspects of Iowa’s business environment, this guide provides the necessary facts for having an honest debate about how to improve the structure of The Hawkeye State’s tax system.
Here are just a few examples of the more than 30 key findings:
- Iowa relies on federal funding for one-third of its budget
- Iowa’s sales tax rate has tripled since its creation
- Iowa’s business taxes rank poorly nationally, and are uncompetitive regionally
- Iowa has had a net loss of 63,287 people over the last 20 years
- Effective tax rates in Iowa vary widely across different industries
Check out the full report, here.
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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.