Tax revenue as a percent of GDP is one metric many use to gauge how much corporate income tax revenue the United States is raising. The advantage of this metric is that it controls for the size of the economy and gives...
- Jonathan Williams of the American Legislative Exchange Council: Ric...
Jonathan Williams of the American Legislative Exchange Council: Rich States, Poor States
Taxes are a very important part of how different states fare economically, but it's not the only important variable. In this edition of the Tax Policy Podcast, Staff Economist Josh Barro talks with Jonathan Williams, Director of the Tax and Fiscal Policy Task Force at the American Legislative Exchange Council (ALEC). Williams discusses a new report from ALEC which he, along with Dr. Arthur B. Laffer and Stephen Moore, authored: Rich States, Poor States, a measure of each states' economic competitiveness. Besides taxes, the report also goes over debt service, public employees, state liability systems, minimum wage and workers' compensation regulations.
For more data and research on state taxes, visit the Tax Foundation's Center for State Fiscal Policy.
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