The Tax Policy Blog

May 28, 2015

States depend on a variety of sources for tax revenue, but one of the most common are individual income taxes. This week’s map shows state and local combined individual income tax collections per person in the 2012 fiscal year (the latest data available).

Click on map to enlarge. (See our reposting policy here.)

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May 28, 2015

This op-ed originally appeared in the Las-Vegas Review Journal here.

A very different Legislature, a consensus around significant changes to public education and the need to overhaul Nevada’s tax system have led to a wild ride in Carson City this year.

Getting tax policy right is crucial. Nevada’s tax system was constructed at a time when the state’s economy was gaming, mining...

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May 28, 2015

The IRS announced this week that hackers successfully stole sensitive information from over 100,000 taxpayers using the IRS' online Get Transcript service. Identity thieves used this data to file fraudulent tax returns, ...

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May 27, 2015

In this second part of the halftime report for Tax Foundation Forum: Making Sense of Profit Shifting, we discuss the key takeaways from the first half of our series on profit shifting (read part I here). In this post, we’ll cover themes four through six:

  1. Missing pieces for a...
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May 27, 2015

At Vox, Sarah Kliff has a piece about the trend of rising health insurance deductibles. She writes: "Your employer's health insurance costs are going down. But yours are going up. The higher deductibles are part of a larger trend happening in the health insurance market right now: employers increasingly shifting the burden of paying for health care to workers."

Curiously, she does not posit any...

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May 27, 2015

Colorado’s experiment with marijuana legalization is yielding an unexpected high, with state revenues substantially outpacing projections. Under the influence of these and other unanticipated revenues, the state is moving forward with a provision of the Taxpayer’s Bill of Rights (TABOR) that has languished unused for years: taxpayer refunds.

Colorado’s Taxpayer's Bill of Rights, enshrined in Article X of the state constitution, requires voter approval for tax increases and institutes...

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May 27, 2015

From a New York Times editorial in 1992:

The present tax code is riddled with wasteful contradictions and complexity. For example, profit from corporate investment is taxed twice -- when earned by the corporation and again when distributed to shareholders. That powerfully discourages savings and investment -- the exact opposite of what the economy needs to grow...

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May 27, 2015

Should Maryland be able to use its tax system to punish interstate commerce? The U.S. Supreme Court answered that question with a “no” last week in an unusual 5 to 4 split (Alito, Roberts, Kennedy, Breyer, and Sotomayor against Scalia, Thomas, Ginsburg, and Kagan).

The Court majority relied on a 200-year-old doctrine known as the “dormant commerce clause.” While the U.S. Constitution grants Congress the power to...

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May 26, 2015

Tax Foundation Forum: Making Sense of Profit Shifting has reached its midpoint. In this halftime report, we provide a synopsis of the first nine of the 18 interviews in the series. This two-part review summarizes the key takeaways to this point and focuses on the interview series’s six underlying themes:

  1. What is actually known about profit shifting and which areas remain...
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May 25, 2015

The Republican controlled Pennsylvania House of Representatives, with strong Democratic support, recently passed a bill to increase the state’s personal income and sales and use taxes. If passed by the Republican controlled Senate and signed by Governor Wolf (D.), the bill would increase the statewide sales tax rate from 6 percent to 7 percent, and make Pennsylvania’s overall sales tax burden the ...

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May 22, 2015

Pascal Saint-Amans is Director of the OECD’s Centre for Tax Policy and Administration (CPTA).

Under a mandate from the G20 leaders, Mr. Saint-Amans is directing one of the most significant transnational efforts in the history of international taxation, the OECD’s Base Erosion and Profit shifting (BEPS) project. Regardless of the final recommendations presented at the G20 meeting in October of this year in Lima, Peru, the...

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May 22, 2015

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.

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May 21, 2015

Scott Dyreng is Associate Professor of Accounting at Duke University’s Fuqua School of Business.

Professor Dyreng’s scholarship focuses on corporate tax avoidance, international taxation, accounting for income taxes, and profit shifting. His novel research related to various aspects of corporate tax avoidance has been widely cited and published in leading journals in the fields of accounting and...

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May 21, 2015

This week, Senator and Democratic Party presidential hopeful Bernie Sanders (I-VT) introduced a plan to provide zero-price public college education for all paid for by a financial transaction tax.

We have discussed many of the problems with a financial transaction tax in the past: it is a poor tax base that results in “pyramiding” by taxing the same economic activity multiple times. It also...

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May 20, 2015

In his first testimony as director of the Congressional Budget Office, Keith Hall told the Senate Budget Committee that he plans to be transparent as the agency incorporates more dynamic analysis.

“We’re going to open ourselves up to criticism and comments if we’re not doing a fair job, and I think that’s the only way for us to remain credible and also improve what we’re...

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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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