The Tax Policy Blog

September 20, 2016

Today is September 20, the tenth anniversary of Utah adopting a major tax overhaul, creating a choice for taxpayers to pay a flat tax of 5.35 percent with no deductions, or the existing system of 6.98 percent with deductions. Not long after...

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September 19, 2016

Measure 97 continues to dominate the airwaves in Oregon as both supporters and opponents launch their campaigns on the ballot measure. The $6 billion tax increase would cost households in Oregon approximately...

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September 19, 2016

I. Our Analysis of Donald Trump’s Tax Plan Reflects Uncertainty

One thing that a reader will quickly notice about our report on Donald Trump’s most recent tax reform plan is that it discusses a range of revenue, distributional, and economic outcomes, rather than a single number. Tax Foundation has not done this before, so I would like to explain why we have...

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September 19, 2016

Today is September 19, the date in 1778 when the Finance Committee of the Continental Congress presented the first proposed national budget for the United States government. The report of the committee, chaired by Gouverneur Morris, was mostly shelved at the time but its resolutions were eventually adopted later in 1778 and in 1779 as the new country’s finances deteriorated.

Here are some interesting links I came across:

Lots of Coverage of What’s In Donald Trump’s New...

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September 16, 2016

"The king of New York levied imposts upon New Jersey and Connecticut, and the nobles of Virginia bore with impatience their tributary dependence upon Baltimore and Philadelphia. Our discontents were fermenting into civil war." – Fisher Ames

On September 17, 1787, delegates to the Constitutional Convention approved the proposed national charter over which they had labored in secrecy since May. The document was laid before Congress, which—upon dispensing with motions to...

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September 16, 2016

Today is September 16, the date in 1380 when King Charles V of France died, ordering the repeal of the country’s taxes on his deathbed. His wishes were not carried out.

Here are some interesting links I came across:

Trump Updates Tax Plan: My colleague Alan Cole has the details. Our federal team...

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September 15, 2016

Today is September 15, the date in 1254 that some historians believe Marco Polo was born. The Venetian traveled to Asia and spent years at the court of Kublai Khan, perhaps as a tax collector. His book on the experience, published in 1300, introduced Europe to China.

Here are some interesting links I came across:

MPAA Chafed by USC Studies Critical of Film and TV Tax Incentives: The Motion Picture...

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September 15, 2016

Introduction

Today in New York, presidential candidate Donald J. Trump released a tax reform plan. The plan would reform the individual income tax code by lowering marginal tax rates on wage, investment, and business income. Furthermore, it would broaden the individual income tax base. The plan would also lower the corporate income tax rate to 15 percent and modify the corporate income tax base....

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September 14, 2016

The MPAA is up early this morning with a news release and short (~1,200 word) piece attempting to refute two studies by Professor Michael Thom ...

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September 14, 2016

Today is September 14, the date in 1959 when Public Law 86-272 was enacted. This law limits state tax power so that sending traveling salespeople into a state doesn’t subject a company to the state’s corporate income tax. The law was intended to preserve the status quo while Congress studied a...

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September 13, 2016

On August 30th the EC announced that two of Apple’s tax agreements with Ireland violated the...

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September 13, 2016

It is no secret that the corporate income tax is one of the most complex taxes that states levy. It requires apportioning profits across several states and allocating expenses across multiple years, and usually involves more state department of revenue personnel to administer than any other state tax.

In Louisiana, they have even more complexity than most states, though, because they have a highly unusual provision which allows corporations to deduct the cost of their federal taxes...

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September 13, 2016

Today is September 13, International Chocolate Day due to the birth on this date of Milton S. Hershey. Chocolate and taxes have quite a history: the first tax on it was levied by King Louis XIV of France in 1692, with Prussia following in 1704 and England in 1726; Britain reversed course...

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September 12, 2016

Today is September 12, the date in 1848 when Switzerland was reorganized from a loose confederation into a federal state, following a month-long civil war. The new central government would have some key powers but cantons would preserve most local decision-making and the legislature was divided (similar to the U.S.) into an upper house, with each canton...

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September 09, 2016

Today is September 9, the 100th anniversary of the federal estate tax taking effect. Currently 40 percent for estates above a threshold of $5.45 million, the tax’s rates and exemption levels have changed almost continuously since it was first enacted. It produces...

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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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