The car tax has been in the news recently in Connecticut and Virginia, the only two states that levy it. It’s important to distinguish this tax, which is a property tax on actual cars, from a sales tax that affects the...
- Idaho Rep. Marv Hagedorn: Personal and Corporate Income Tax Cuts
Idaho Rep. Marv Hagedorn: Personal and Corporate Income Tax Cuts
In this week's podcast, Tax Foundation President Scott Hodge interviews Idaho Rep. Marv Hagedorn, who has introduced a tax reform plan to cut the state's personal and corporate income tax rates over 10 years. The bill would eliminate state's eight personal income tax brackets, bringing the top rate down from 7.8% to a single rate of 4.9% for taxable income over $5,000. The corporate tax rate would be reduced from 7.6% to 4.9%. Hagedorn says his plan "sends a clear message and signal to businesses that we're on a track to help them be successful."
Ask a Tax Expert
Contact information for Tax Foundation policy staff Ask
Join the Tax Foundation's fight for sound tax policy Go