The Tax Policy Blog

July 23, 2008

If you've stayed in a hotel room in the United States, you probably paid tax on it. Not just your share of the hotel's property tax and income taxes (embedded in the price), and not even the sales tax imposed on the transaction. Virtually every city (or other local government unit) imposes a separate (higher) tax on hotel stays.

Today at the National Conference of State Legislators in New Orleans, one speaker referred to raising hotel taxes as a great way to raise new...

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July 22, 2008

The Florida Taxation and Budget Reform Committee placed an amendment on the upcoming ballot to eliminate the school portion of local property tax. According to one estimate, property owners would save $9.3 billion in 2011.  But as the Jacksonville Business Journal reports, not everyone is happy about the...

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July 22, 2008

The Heatherly v. State lottery case will be argued in the North Carolina Supreme Court on Monday, September 8, 2008. It will be the third of five cases argued beginning at 9:30 AM. The Tax Foundation submitted an amicus brief and will not be using argument time. More on the case here:

On May 19 the Tax...

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July 22, 2008

Some harsh words on the economic stimulus checks, from a Wall Street Journal op-ed written by Ernest S. Christian and Gary A. Robbins, both former Treasury Department officials:

Washington can be counted on to create a crisis—usually by sheer incompetence. Then it rushes to the rescue, often doing more harm than good. Late last year, with an impending recession, Congress rushed forward to...

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July 22, 2008

New York Times columnist Frank Rich wrote a column today bashing John McCain as it relates to the economy. In it, he criticized McCain's various flip-flops and his unwillingness to lay out a clear budget plan that would balance the budget as he initially claimed. Rich also has some unfavorable things to say about Sen. Phil Gramm, who recently got into some hot water...

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July 22, 2008

State legislators from all over the country are gathering in New Orleans this week for the NCSL conference, and the Tax Foundation will be hosting a breakfast event about creating competitive tax climates in the states. If you are in New Orleans, consider attending!

Creating a Competitive Tax Climate in Your State

Tax Foundation Breakfast Session
Thursday, July 24, 2008
8:00 - 9:45 am

...

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July 21, 2008

Reading about history in textbooks is useful, but newspaper articles, photos, cartoons, drawings, and other artifacts can bring a topic to life in a way that a textbook can't.

When we set out to write a blog post on the McKinley Tariff, we were excited to find both a New York Times article from 1890 and a Harper's Weekly cartoon from 1888.

First, the history lesson: Tariffs are taxes...

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July 21, 2008

Today's Wall Street Journal carries an editorial that echoes a recent Tax Foundation Fiscal Fact. From the editorial, "Their Fair Share":

Washington is teeing up "the rich" for a big tax hike next year, as a way to make them "pay their fair share." Well, the latest IRS data have arrived on who paid what share of income taxes in 2006, and it's going to be hard for the rich to pay any...

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July 20, 2008

There has been a lot of rhetoric from both parties with regards to what policies, if any, can bring down gas prices. John McCain has proposed one bad policy: a temporary gas tax holiday. But recently, the issue of offshore drilling has now come up.

Republicans do tend to speak with a monotonic voice when it comes to "drill, drill, drill," but the Democratic response to this policy proposal has been pretty dishonest.

Yesterday, at a blogger's convention, Al Gore...

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July 20, 2008
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July 19, 2008

We've documented time and time again why most sales tax holidays, including Sen. McCain's current gas tax holiday proposal, are terrible tax policy. In virtually every setting, the foregone revenue from a tax holiday could be used to finance a better tax cut.

But recently, there has been rhetoric coming from the anti-gas tax holiday side using classically flawed economic logic, almost always involving the...

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July 18, 2008

The Show-Me Institute in Missouri noticed our recent release of Tax Foundation Fiscal Fact No. 133: "County and City Income Taxes Clusters in States with Poor Tax Climates," and wanted to point out a few of their studies on local income taxes in that state:

How an Earnings Tax Harms Cities Like Saint Louis and Kansas City
"By adopting an earnings tax, a city gives...

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July 18, 2008

The DC Council is considering increasing the sales tax imposed on tickets, concessions, merchandise, and parking purchased at Nationals Ballpark by 5%, on top of the existing 5.75% sales tax and 4.25% extra tax. Councilman David Catania says that low attendance at Nationals games has shorted the city's stadium-based taxes and that the team owner refuses to pay $3.5 million in rent because the stadium is "incomplete." Pressured by payment deadlines for bonds used to finance the...

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July 18, 2008

The Tax Foundation has updated its annual summary of the latest federal income tax data given that the IRS has released the percentile data early this year (July as opposed to September).

The basic story that comes from this newly available data for tax year 2006 is that the share of income (as measured by AGI) and the share of taxes paid by the top 1 percent of tax returns are once again at all-time highs.

In 2006, the top 1...

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July 17, 2008

It's been a big week for Dan Mitchell of the Cato Institute on our blog this week. First we covered a Flat Tax vs. FairTax debate he participated in at FreedomFest, and then another event where he discussed the McCain and Obama tax plans. To make it an even three for the week, we bring you one of Dan Mitchell's videos for our Thursday blog post.

Mitchell has made these videos for the...

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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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