The Tax Policy Blog

March 17, 2016

Tax treatment of beer varies widely across the U.S., ranging from a low of $0.02 per gallon in Wyoming to a high of $1.29 per gallon in Tennessee. Check out today’s map below to see where your state lies on the beer tax spectrum.

Click on map to...

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March 16, 2016

Yesterday, I testified in Topeka to the Kansas House Committee on Taxation on HB 2444, a bill that would eliminate the state’s rather infamous exemption of all income earned by pass-through entities (like LLCs, S-corps, and sole proprietors). We’ve been critical of the provision since...

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March 16, 2016

Last night, Senator Marco Rubio (R-FL) suspended his campaign. While this is the end of the road for him, many of the policies Rubio proposed may live on. One such proposal that may stick around is his tax plan.

Rubio's tax plan was a modified version of what is called the “X-tax,” a tax reform plan developed by the late economist David Bradford. The X-tax would move the current tax system to a consumption-based tax (much like a VAT, retail sales tax, or flat tax would).

Rubio...

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March 14, 2016

Last week, criticism of the patent box came from both Europe and the United States.

A patent box, or “innovation box,” is a tax policy that provides a lower tax rate on income related to intellectual property. The stated goal of a patent box is to promote research and development, encourage companies to locate intellectual property in the country with the incentive, and to make a country's tax code more internationally competitive. Several countries throughout the world have patent...

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March 09, 2016

This week’s tax map shows state and local sales tax rates in each state as of January 1, 2016 and comes from our larger report on sales taxes released earlier today. While consumers might be aware of the statewide sales tax rate, local sales taxes can differ widely, so our population-weighted average allows for comparability across states.

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March 04, 2016

Former presidential candidate Mitt Romney this week voiced his concerns about current presidential candidate Donald Trump’s fiscal policy, including his tax plan:

His tax plan in combination with his refusal to reform entitlements and honestly address spending would balloon the deficit and the national debt. So even though Donald...

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March 04, 2016

The Alternative Minimum Tax is quite possibly the least popular part of the federal tax code. One Forbes columnist calls it “the normal tax system’s evil twin.” The Tax Policy Center has labeled it “the epitome of pointless complexity.” Nine presidential candidates – ranging from Marco Rubio to Bernie Sanders –...

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March 03, 2016

States continue to grapple with the effects of falling fuel prices. Resource-heavy states, like Alaska, are particularly hard hit. Even states that do not produce gasoline are being affected. The lower fuel costs are bringing in less gas tax revenue in some states, causing...

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March 02, 2016

Philadelphia Mayor Jim Kenney is expected to propose a large soda tax tomorrow when he presents his budget recommendations to the city council. The mayor expects that the tax, which would be levied at 3 cents per ounce, would raise $400 million over five years. Most of that revenue is earmarked for increased spending on prekindergarten education, the Wall Street Journal reported this...

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March 01, 2016

Louisiana’s special session, which was convened to address a $900 million budget deficit, is starting to heat up. In my update last week, I reviewed some of the tax proposals being forwarded by the governor’s administration, and linked to the testimony I presented to the Louisiana House Ways & Means Committee...

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March 01, 2016

Today we released the 2016 edition of Facts & Figures, our pocket- and purse-sized booklet on quick tax facts. This publication has a long history—it dates back to 1941, when our think tank (which was just four years old at the time) published a booklet that was both a source of otherwise hard-to-find government data, and also a treasure trove of infographics to illuminate that...

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March 01, 2016

It’s always an exciting day when we release Facts & Figures. This compendium on federal, state, and local tax revenues, collections, rates, and brackets is the premier source for basic tax information for taxpayers, legislators, and journalists.

Mailed to every state legislator and governor, this booklet is...

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March 01, 2016

The Tax Foundation noted last year that identity thieves filed hundreds of thousands of fraudulent tax returns with the help of an insecure IRS website that allowed them to get victims’ tax filings from previous years. The IRS website that enabled identity thieves has been taken offline, but the IRS is still enabling identity thieves to get all of the information they need to file fraudulent returns...

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February 29, 2016

California is currently experiencing a two-fold crisis that threatens to create an even deeper hole in the state’s budget. Experts argue that California’s freeways and bridges are due for extensive repairs. At the same time, gasoline tax revenues, the backbone of the transportation infrastructure budget, are on a long-term downward trajectory. The inability of lawmakers to find a long-term solution leaves the state with a sizeable budget shortfall. California must confront this imbalance...

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February 29, 2016

UPDATE: The tax increase discussed here failed in a 56-44 vote.

Professor Jeremy Horpedahl at the University of Central Arkansas has a great blog up today about a local ballot measure being considered in Pulaski County, Arkansas tomorrow. The measure would raise the local sales tax rate by a quarter of a...

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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.

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