The Tax Policy Blog

April 10, 2009

We just finished a study detailing an interesting new law regarding Arkansas’s cigarette tax. The state’s General Assembly recently passed legislation to increase the state’s cigarette tax from $0.59 to $1.15 per pack. Included in the legislation was a rule that reduces the state’s cigarette tax rate if a town on the state line borders a town outside the state that has a lower cigarette tax rate. In...

Continue Reading...
April 09, 2009

For those not mired in the world of business or taxation, it may be news that there are a variety of legal forms a business can take. There's the traditional corporation (C-corp), with its limited liability, perpetual life, ability to retain earnings, and 35% corporate tax rate (plus state rates). Then there are also S-corps and LLCs, which are more limited in what they can do. These "pass through entities" usually do not pay taxes themselves, but must forward all of their earnings...

Continue Reading...
April 09, 2009

Forty miles northwest of Washington, D.C. lies Loudoun County, Virginia, home of Dulles International Airport, Verizon Business, and 19 wineries. Between 1998 and 2008, the county's population grew 98% as Washington-area workers spread out into the exurbs in search of cheaper, newer, and bigger houses. That flow has now reversed, with Loudoun taking one of the biggest hits in the bursting of the housing bubble.

Loudoun County may have been America's fastest growing county,...

Continue Reading...
April 09, 2009

In a recent blog post we reported on the OECD’s release of its list of international tax havens. On March 31 Jean-Claude Juncker, Prime Minister of Luxembourg, a country which was placed on the OECD’s “grey list” of nations that have committed to international standards but not yet sufficiently implemented them, responded by...

Continue Reading...
April 08, 2009

Summer's just around the corner and the Tax Foundation is looking for interns this summer and fall to help with our research efforts!

The Tax Foundation offers a unique internship program designed to introduce undergraduate and graduate students to tax policy principles, and apply them in assessing and advancing public policy. Working directly with our staff in various areas of tax policy, our interns will gain valuable professional experience. The Tax Foundation offers...

Continue Reading...
April 08, 2009

New York City has tapped into taxpayer funds by shifting the financing for the construction of a new ball park for the New York Yankees through different layers of local government, while wrongfully claiming that the stadium will pay for itself, according to a new Tax Foundation study released during Major League Baseball's opening week.

In Tax Foundation Fiscal Fact No. 167, Tax Foundation law clerk Travis Greaves and tax counsel Joseph Henchman analyze the...

Continue Reading...
April 08, 2009

Just recently, the Democratic controlled House approved its version of the budget, 233 voting yes and 196 voting no. The Democratic controlled Senate approved its version, 55 voting yes and 43 voting no. Republicans in the minority have also come out with alternative versions of the budget.

In this edition of the Tax Policy Podcast, Tax Foundation Manager of Media Relations Matt Moon talks with Congressman ...

Continue Reading...
April 07, 2009

Tertium Quids uncovers an example of the Washington Monument ploy in Virginia, where the Virginia Department of Transportation has had difficulty justifying $200,000 in bonuses as they reduce their workforce:

... Continue Reading...
April 07, 2009

On April 15, I'll be participating on a tax policy panel at the America's Future Foundation, where panelists will provide their thoughts on the future of tax policy. In anticipation of this, I penned an op-ed on the subject that appeared in the D.C. Examiner last week. Check it out here.

April 07, 2009

Tax policy experts on both left and right often agree that the tax code should not be used for purposes other than raising revenue. When the tax code is used as a mechanism for rewarding good behavior and punishing bad behavior, it increases complexity while shielding problematic and controversial provisions from the oversight that a spending program would get. Unfortunately, the belief that a tax reduction for one company if it does something is somehow better than a subsidy or government...

Continue Reading...
April 07, 2009

We love it when our data and research is the source of creative inspiration. Check out this interactive infographic on Tax Freedom Day created by Alex Lundry, Research Director at TargetPoint, a microtargeting/public opinion/market research firm based in Alexandria, VA.

...

Continue Reading...
April 07, 2009

Governments around the world are getting desperate for revenue in the current economic climate and are starting to turn to each other for help.
Reuters reports today that the Organization for Economic Cooperation and Development (OECD) is cracking down on international tax evasion by “blacklisting” governments that have notoriously lax...

Continue Reading...
April 06, 2009

On April 1, the U.S. Supreme Court heard oral argument in Polar Tankers, Inc. v. City of Valdez, No. 08-310. The case involves Valdez's property tax on large oil tankers who service the port, which is at the southern end of the Trans-Alaska Pipeline (see map right). We went over the...

Continue Reading...
April 04, 2009

Interesting article on out-migration from Michigan:

People are leaving Michigan at a staggering rate. About 109,000 more people left Michigan last year than moved in. It is one of the worst rates in the nation, quadruple the loss of just eight years ago. The state loses a family every 12 minutes, and...

Continue Reading...
April 03, 2009

From the BBC:

Costa Rica, Malaysia, the Philippines and Uruguay are the countries listed as not having agreed to tax standards.

The list is part of efforts agreed at the G20 summit to clamp down on havens.

There is also a list of 38 places that have agreed to improve standards but not yet done so, such as Gibraltar,...

Continue Reading...

Pages

Follow Us

About the Tax Policy Blog

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.

Monthly Archive