President Obama’s fiscal year 2015 budget proposes to increase taxes on individuals by over $820 billion and on businesses by about $500 billion, for a total of over $1.3 trillion in new taxes over the next ten years....
- Monday Map: Average Tax Savings from One Year Extension of Bush Tax...
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.
Buy this blogger a cup of coffee!
Join the Tax Foundation's fight for sound tax policy Go
About the 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.