One of the worst aspects of the federal tax code is the way it treats saving. Under ordinary circumstances, saving is treated to double taxation at the individual level, reducing after-tax returns to saving and...
- Monday Map: Average Tax Savings from One Year Extension o...
Monday Map: Average Tax Savings from One Year Extension of Bush Tax Cuts
Today's Monday Map shows the impact of the imminent expiration of the Bush tax cuts by state. Connecticut, where taxpayers stand to pay an average of $5,783 more, would be affected the most; Mississippi, with an average tax increase of $1,310, would be affected the least. The data comes from our recent publication "How the States Would be Affected by Extension of Bush Tax Cuts and Other Provisions" by Will McBride and Ed Gerrish.
Click on the map to enlarge it.
To view previous Monday Maps, click here.
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