The Obama Administration yesterday backed down from its plan to tax the earnings on 529 savings accounts, a kind of saving account for higher education under section 529 of the tax code. At Bloomberg, Richard Rubin and...
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- Property Taxes: If You Calculate It, They Will Come ... a...
Property Taxes: If You Calculate It, They Will Come ... and the Best of the Blogosphere
The Tax Foundation takes on a lot of complicated issues: from the SILO deals that have many city transit agencies near default to calculating how the Presidential candidates' tax proposals would affect different definitions of "small business." But sometimes it's the simplest things that get us the most attention.
A couple months ago, Senior Economist Gerald Prante used the U.S. Census Bureau's 2007 American Community Survey to calculate median owner-occupied property taxes paid in different counties across the country, as well as those same taxes as a percentage of median home value and median household income. Although it received a lot of attention, one of the limitations of the report was that it only gave numbers for counties with populations above 65,000.
Last week, an updated American Community Survey was released that includes the three-year averages (2005, 2006 and 2007) of counties with populatiions above 20,000. Yesterday, Gerald and Analyst Mark Robyn released their calculations based on the new survey numbers, and the press started calling in droves. Today, there are a bevy of stories based on Gerald and Mark's report, including the South Town Star in Will County (IL), Santa Cruz Sentinel, New Hampshire Business Review, Phoenix Business Journal, Bellville News-Democrat (Southwestern IL and St. Louis) and Denver Business Journal. Surely, there will be more to come.
The bloggers give us love too:
- In the Tacoma News Tribune's "Political Buzz" blog, Ian Demsky cites Gerald and Mark's property tax report to report on Pierce County.
- The Lonely Conservative highlights Gerald's earlier blog post on the ridiculous non-diet soda tax that NY Gov. David Paterson is proposing.
- Bill Dupray of The Patriot Room also features Gerald's analysis of the Paterson proposal.
- And Professor Paul Caron of TaxProf Blog features a paper on the 2001 and 2003 tax cuts written by our Vice President for Economic Policy, Robert Carroll, as well as Gerald Auten and Geoffrey Gee from the Treasury Department.
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About the Tax Policy Blog
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.