The Tax Policy Blog

March 12, 2009

Yesterday evening on On the Record with Greta Van Susteren, Governor Tim Pawlenty (R-MN) cited Tax Foundation data on federal taxes paid vs. spending received in each state, discussing how Minnesota will spend the stimulus money.

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March 12, 2009

It's not unusual to see Tax Foundation data and research cited in at least one news organization every day. But we've noticed an above-average amount of coverage from columnists and editorial boards this past week. Let's run through some of them:

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March 11, 2009

With the federal tax filing deadline a little more than a month away, www.ifileonline.com has a great blog post explaining ten common tax terms that cause a lot of confusion. Using simple language, they define AGI, credits, deductions, standard deduction, itemized deduction, exemption, progressive taxation, taxable income, voluntary compliance, and withholding. Check it out here.

One...

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March 11, 2009

I really like this cartoon.

More on California taxes and spending here.

March 11, 2009

A month ago, former IRS Commissioner Donald C. Alexander passed away at the age of 87. While running the IRS from 1973 to 1977, he stopped President Nixon's use of the IRS for political purposes:

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March 11, 2009

Outside of the short term policies that have been presented, from the stimulus to the budget, the Obama Administration has indicated that it plans to include fundamental tax reform as part of its long term agenda.

In this edition of the Tax Policy Podcast, Matt Moon moderates a discussion between Tax Foundation Vice President for Economic Policy Robert Carroll and...

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March 10, 2009

A new poll shows which types of tax increases Washington State voters would prefer. From the Seattle Times:

Voters might support higher "sin taxes" to take the edge off deep state budget cuts, but they seem to recoil at tax increases for businesses, according to polling by political interest groups pushing for a...

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March 10, 2009

Anderson Economic Group has released its third annual report ranking the states on business tax burdens. The report looks at 2006 data on taxes where the legal incidence falls on business. Economic incidence should be kept in mind: all business taxes are paid by individuals (whether they be consumers,...

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March 09, 2009

Last week, the IRS suddenly announced that it is cancelling its debt collection contracts with private vendors:

After conducting an extensive review of the private debt collection program, including the cost effectiveness of the effort, the Internal Revenue Service will not renew its contracts with two private debt collection agencies, the agency announced today.

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March 06, 2009

The Nevada legislature is having a hard time finding new sources of tax revenue to deal with the state's budget problems.  Representatives of the Nevada mining and gaming industries told state legislators yesterday that their industries cannot withstand additional, targeted taxes.

From the Las Vegas Review-Journal:

Gaming and mining leaders...

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March 05, 2009

This week, Treasury Secretary Timothy Geithner announced plans to go after tax evaders and avoiders. Awkward, right? Anyways, the details:

"Over the next several months," he said Tuesday, "the President will propose a series of legislative and enforcement measures to reduce such U.S. tax evasion and avoidance."

As a lawyer, I...

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March 05, 2009

Tax Foundation President Scott Hodge appeared on CNN's Lou Dobbs Tonight on Wednesday, March 4, to talk about tax increases (enacted and proposed) in several states and what they could mean for long term economic growth.

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March 05, 2009

Since the release of President Obama's FY 2010 budget, which calls for raising the top two income tax brackets, we have received quite a number of requests for data on the share of taxes paid by the so-called rich. I thought it would be helpful to post the most recent IRS figures on the distribution of the income tax burden.

As the first table below shows, in 2006 Americans filed more than 138 million tax returns totaling roughly $8 trillion in adjusted gross income (AGI). However,...

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March 04, 2009

Director of State Projects Joseph Henchman, author of Tax Foundation Special Report No. 164, "State Budget Shortfalls Present a Tax Reform Opportunity," appeared on CNN's Lou Dobbs Tonight on Monday, March 2, to talk about the increasing trend of states using punitive taxes on politically unpopular behavior as a source of revenue.

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March 04, 2009

On the heels of President Barack Obama's recent release of his fiscal year 2010 budget, Congressman Paul Ryan (R-WI 1st District), ranking Republican on the House Budget Committee, is pushing for major reform in the areas of tax, monetary and entitlement policy, criticizing the new administration's budget as having the practical effect of taxing "work, savings, investment, capital and risk-taking far more than we are today" and "hurting our chances...

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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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