The Tax Policy Blog

February 18, 2008

The Washington Post yesterday covered New York Governor Eliot Spitzer's proposal to tax illegal substances:

Gov. Eliot L. Spitzer (D), struggling to close a $4.4 billion budget gap, has proposed making drug dealers pay tax on their stashes of illegal drugs. The new tax would apply to cocaine, heroin and marijuana, and could be paid...

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February 18, 2008

We've updated our page of links to state individual income tax forms:

http://www.taxfoundation.org/legacy/show/22923.html

February 18, 2008

In honor of Presidents’ Day, we have compiled a list of quotes on tax policy from various U.S. presidents.

♦ Taxes, after all, are dues that we pay for the privileges of membership in an organized society.          
         —Franklin D. Roosevelt

♦ Excessive taxation ...  will carry reason and reflection to every man's door, and particularly in the hour of election.
         —Thomas Jefferson

♦ Unless we wish to hamper the people in their...

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February 17, 2008
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February 15, 2008

As residents of Northern Virginia begin to pay seven new taxes implemented by a non-elected body, the Virginia Supreme Court is considering whether these new taxes are constitutional. The Tax Foundation released a paper today discussing the legal challenge and highlighting the use of non-legislative bodies to "get around" taxpayer protection statutes.

"The concept of taxation with representation is as American as apple pie," said paper author and Tax Foundation tax counsel...

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February 15, 2008

Kiplinger.com has an online calculator to determine the amount of the stimulus tax rebates being sent out this spring:

http://www.kiplinger.com/tools/rebate/index.php


Tax Foundation commentary on the stimulus package is here.

February 15, 2008

Texas is one of many states to recently consider increasing sales taxes in order to decrease property taxes. Texans, like many other  taxpayers around the country, aren't happy about their propriety tax burden, which is high comported to other states. (See our dataset on Property Taxes on Owner Occupied Housing by State.) In fact, in 2006, Texas's property taxes were the highest in the nation when calculated...

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February 14, 2008

In honor of Valentine’s Day, a short list of interesting tax facts about chocolate, from around the world.

♦ 1692 - From the Toblerone website:

Louis XIV, the Sun King, issues an edict levying taxes on chocolate.

♦ 1704 - From the Godiva website:

At the end of the 17th...

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February 13, 2008

San Francisco tax practitioner William Hays Weissman writes about last month's decision by the California Court of Appeal in Northwest Energetic Services, LLC v. Franchise Tax Bd.

The case involved an LLC with no "operations, property, employees, independent contractors, or customers in California, nor...any deliveries into California." Nevertheless, the state assessed $...

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February 13, 2008

From the Korea Times:

A key member of the President-elect Lee Myung-bak's transition committee said Monday that the incoming administration will reduce corporate income taxes to help businesses expand investment and create jobs, strengthening the country's growth potential.

Rep. Choi Kyung-hwan, a member of the Presidential Transition Committee, also said in a radio interview...

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February 13, 2008

How big is the gulf between Democrats and Republicans when it comes to taxes? Some of the presidential candidates talk of unity and bipartisanship, but the differences between the two major parties on tax issues are quite real. This is the subject of an editorial published last week in Investor's Business Daily, written by Grover Norquistt:

George Wallace famously announced that...

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February 12, 2008

There has been much talk of the ‘tax gap" in the U.S., or the difference between taxes owed and taxes paid. Some people evade taxes purposely, others fail to pay the correct amount simply because of the complexity of the tax code, and still others look for every possible loophole without actually breaking the law. 

This may seem like the sort of problem that would not exist in a country with less freedom than the U.S. but a recent ...

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February 10, 2008
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February 08, 2008

Yesterday, a bipartisan-sponsored Business Activity Tax Simplification Act of 2008 (BATSA) was introduced in Congress. The bill would clarify that state taxation of business income requires a physical presence within the taxing state.

In recent years, many states have sought to tax businesses with no physical property or employees in the state. Because of this businesses increasingly face a complex, unpredictable, and unfriendly...

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February 07, 2008

On the surface, a tax increase may seem like a logical, straightforward way to bring more money into state coffers. However, taxpayers often change their behavior in response to tax increases, and legislators may not get the huge tax increase they hoped for. There may be other unintended consequences, such as lost business for retailers when consumers turn to the black market, or even increased crime.

The Small Business and...

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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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