The Tax Policy Blog

May 09, 2016

Today is May 9, the date in 1873 when the Vienna Stock Exchange collapsed, signaling the beginning of the Long Depression (1873-1879) of severe deflation and recovering from overleveraged debt.

Here are some interesting links I came across:

  • Taxpayers Reveal that IRS is Auditing Them by Telephone: The ...
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May 06, 2016

Today is May 6, the date in 1862 when Henry David Thoreau passed away. Thoreau famously refused to pay his taxes because of his opposition to war and slavery, spending a night in jail until someone paid his overdue taxes for him.

Here are some interesting links I came across:

  • Trump Backs Away From Elements of His Tax Plan: ...
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May 05, 2016

Iowa is a state rich with human capital, but held back by a complicated and out-of-date tax system. Today we're pleased to release Iowa Tax Reform Options: Building a Tax...

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May 05, 2016

Presidential candidate Donald Trump today backed away a bit from his tax plan, describing it as open to negotiation.

Pressed by CNBC on Thursday as to how he could simultaneously brand himself as a populist who will take on wealthy elites while proposing sweeping tax cuts for billionaires, Trump backed away from his plan. 

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May 05, 2016

Taxing capital gains at lower rates than earned income has raised continuous debate in the tax world. The existing arguments center on whether it is fair to tax capital gains at lower rates than earned income. ...

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May 05, 2016

Today is May 5, the date in 1896 when the Treasury Department gathered up all the tax returns and records from the Civil War-era federal income tax (1862-1872) and burned them.

Here are some interesting links I came across:

  • ...
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May 04, 2016

With a vote looming on an Illinois bill (HB 689) that would impose a graduated income tax with a top rate of 11.25 percent on pass-through businesses (previous coverage here and...

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May 04, 2016

Today is May 4, which is Star Wars Day (“May the Fourth be with you.”) Lest we forget, taxes are a crucial plot element in the Star Wars saga. Here are some interesting links I came across:

  • California Income Taxes $1 Billion Under Projection: The state’s Legislative Analyst’s Office (LAO) ...
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May 03, 2016

Tonight Senator Ted Cruz ended his presidential campaign after a long Republican presidential primary. While Cruz will remain in the Senate, working on policy at the federal level, it is unlikely that his tax plan will become legislation any time soon. However, the plan, first unveiled in late October, was innovative and worthy of examination, and it provoked some interesting discussions about tax policy.

Cruz’s plan earned some...

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May 03, 2016

Today is May 3, the anniversary of Europe’s first modern constitution, adopted by Poland in 1791. Here are some interesting links I came across:

  • When It Comes to Paying Taxes, California is Bernie Sanders’ Kind of State: Columnist George Skelton lays it out for us: The top 1% in...
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May 02, 2016

Illinois Rep. Lou Lang, Rep. Christian Mitchell, and Emily Miller of Voices for Illinois Children just held a press conference to respond to criticism of their proposed graduated income tax proposal. The proposal, which Lang terms the Fair Tax, consists of (1) a proposed constitutional amendment removing the...

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April 29, 2016

Today is April 29, the anniversary of the passage of the “People’s Budget” in Britain in 1910, the first budget in history with the intention of taxing wealth to redistribute it.

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April 28, 2016

Today, the Tax Foundation released our new research on Initiative Petition 28 in Oregon, entitled “Oregon Initiative Petition 28: The Threat to Oregon’s Tax Climate.” If adopted, Oregon would rank worst in the nation on corporate taxes.

Initiative Petition 28 (IP28) would establish a 2.5 percent gross receipts tax on C corporations with more than $25 million in sales. It would...

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April 28, 2016

Today is April 28, the anniversary of the “Dog Tax War”—Maoris announcing that they would resist New Zealand taxes.

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Subscribe to Tax Foundation - Tax Foundation's 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.

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