The Tax Policy Blog

October 08, 2014

Responding to comments by Rep. Paul Ryan of the need for reality-based scoring of fiscal policy, the liberal blogosphere has launched a full-scale campaign to discredit Ryan for attempting to force the Congressional Budget Office (CBO) to use “special GOP math” to justify tax cuts. The campaign was capped by New York Times columnist Paul Krugman, who apocalyptically...

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October 08, 2014

Today’s tax map comes from a new study we released this morning that details wireless service tax and fee rates in the U.S. On average U.S. wireless consumers pay an average of 17.05 percent in combined federal, state, and local taxes and fees on their cell phone bills. This rate is comprised of a 5.82 percent federal rate and an average 11.23 percent state-local rate.

(Click on the map to enlarge...

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October 07, 2014

UPDATED [3:48 pm]

Yesterday, the U.S. Supreme Court denied petitions to review decisions of the Fourth Circuit, Seventh Circuit, and Tenth Circuit courts of appeals which declared bans on same-sex marriage unconstitutional. The Court’s action will have an impact on the “tax lives” of same-sex couples in the states immediately impacted (Indiana, Oklahoma, Utah, Virginia, and Wisconsin) as well as the other states in the circuits in question for which these decisions...

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October 06, 2014

A society provides for its future by saving and investing. Saving, as economists use the word, is diverting some income into assets with lasting value rather than using all income for immediate consumption. Investment, as economists use the word, is spending the saved income on physical assets, like equipment or buildings or machinery. These assets make a nation more productive and provide it with returns in the future.

Unfortunately, America has...

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October 06, 2014

In a column today titled “Voodoo Economics, the Next Generation,” New York Times columnist Paul Krugman warns that if Republicans take over the Senate, they could “impose their will on the Congressional Budget Office, heretofore a nonpartisan referee on policy proposals.” As a result of this meddling, Krugman says, “we may soon find ourselves in deep voodoo.”

...

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October 03, 2014

North Dakota is in an interesting place because of oil tax revenue; the budget surplus is $614 million and growing. But while other natural resource states often go without one of the major taxes, North Dakota has all of them, and they aren’t particularly well-structured. South Dakota, by contrast, doesn’t even have a corporate or...

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October 03, 2014

In a couple of weeks, members of the World Health Organization Framework Convention on Tobacco Control (FCTC) will meet in Moscow, Russia for the sixth session of the Conference of the Parties to the WHO FCTC. One of the topics they will discuss is tobacco taxation as a means to reduce demand for the product. Specifically, they are recommending that countries adopt excise taxes on tobacco that are at least 70 percent of the retail sales price.

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October 02, 2014

The European Union is in the process of appointing new commissioners. The resulting confirmation hearings have shown clear disagreement between pro-integration groups and the “Eurosceptics,” whose U.K. members are the most vocal.

One of the most contentious appointments is the commissioner for Economic and Financial Affairs, Taxation and Customs Union. The nominee for the position, Pierre Moscovici the Minister of Finance in France, is a strong advocate of European integration,...

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October 02, 2014

Median pay in 2013 was 8 percent below its pre-recession level. In a recent op-ed, Dartmouth’s Matthew Slaughter presents his solution: enable more trade.

In new research, Slaughter finds that pro-trade policies “could create 10 million new high-paying trade-connected jobs in the U.S. over the next decade.”

Additionally, research by Slaughter and other economists has...

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October 02, 2014

Despite New York State’s promising business tax reform efforts this year, New York City still has a lot of work to do. Two key provisions of the state’s tax changes still need to be adopted by the city: (1) the merging of the general corporation tax and the bank tax, and (2) the elimination of two of the four corporate income tax bases. Both were...

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October 01, 2014

Last year, Washington State offered $9 billion in tax incentives to Boeing in order to bring the aerospace manufacturer’s 777X production line to the state, thereby creating high-paying jobs that would benefit Washingtonians. But despite the state’s best efforts, Boeing has...

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October 01, 2014

As nationwide political momentum for marijuana legalization grows stronger, a recent estimate shows potential revenue from a marijuana taxes could result in an approximately $3 billion increase in available state funds. Although the general underpinning of the estimate,...

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October 01, 2014

In July, the DC Council approved a major tax reform that cuts income and business taxes, expands the low-income tax credit, and applies sales tax to items exempt by historical accident, all based on the recommendations of a blue-ribbon commission. Effective today, consumers must pay the 5.75 percent sales tax on the following transactions:

  • Bottled water delivery
  • Storage rentals and leases, including...
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September 30, 2014

We've been asked which states adjust their gasoline tax for inflation. Most states (and the federal government) define their gas tax in so many cents per gallon, which can make a difference as time passes and inflation erodes the purchasing power of that tax rate. For example, the federal motor fuels tax today generates one-third fewer dollars in real terms since 1993, when it was last increased....

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September 30, 2014

In June 2014, the Internal Revenue Service released a “Taxpayer Bill of Rights” at the recommendation of the Taxpayer Advocate Service. The publication attempts to clearly outline the fundamental rights a taxpayer has when filing their returns and dealing with the IRS in general.

In an attempt to further distribute this information, the IRS created a YouTube video on the...

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Subscribe to Tax Foundation - Tax Foundation's 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.

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