Does Your State Levy a Capital Stock Tax?
States can better position themselves for success by moving away from economically-damaging taxes like the capital stock tax.
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Does Your State Levy a Capital Stock Tax?
States can better position themselves for success by moving away from economically-damaging taxes like the capital stock tax.
Does Your State Levy a Capital Stock Tax?
Capital stock taxes are imposed on a business’s net worth (or accumulated wealth). As such, the tax tends to penalize investment and requires businesses to pay regardless of whether they make a profit in a given year, or ever.
Does Your State Levy a Capital Stock Tax?
As many businesses may need time to return to profitability after this crisis, states should prioritize reducing reliance on capital stock taxes, and shift toward more neutral forms of business taxation.
