As part of his new tax plan, the president has proposed ending the “step-up” in tax basis for inherited assets, and, furthermore, requiring the capital gains tax to be paid at death rather than when an heir later sells...
- Geoffrey Lawrence of the Nevada Policy Research Institute...
Geoffrey Lawrence of the Nevada Policy Research Institute: Tax Reform in the Silver State
Nevada policymakers are considering a number of tax reform proposals. These could include changes to business taxes as well as sales taxes. The Nevada Policy Research Institute recently released a report suggesting comprehensive fiscal reforms to improve the state's economy. Geoffrey Lawrence, a fiscal policy analyst for the Institute and author of the report, "One Sound State, Once Again," discusses the Institute's recommendations in this week's podcast.
For more information, see a related Tax Foundation report, Fiscal Fact No. 235, "Nevada Panel Considering Tax Reform Options, Including New Business Taxes," which discusses the harmful effects of enacting a corporate income or gross receipts tax on Nevada's tax climate.
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