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Understanding Why Full Expensing Matters, Full expensing is also known as accelerated depreciation of capital investments, Learn more about accelerated cost recovery of investments.
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The U.S. Tax Burden on Labor, 2020

Although the U.S. has a progressive tax system and a relatively low tax burden compared to the OECD average, average-wage workers still pay about 30 percent of their wages in taxes.

15 min read
2020 state individual income tax reliance 2020 state income tax reliance
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To What Extent Does Your State Rely on Individual Income Taxes?

While the current crisis has caused consumption to drop dramatically, it is generally true that income taxes are more volatile than consumption taxes in an economic downturn and income taxes tend to be more harmful to economic growth than consumption taxes and property taxes.

3 min read
Tax Burden on Labor in the OECD, France Tax burden on labor, Spain tax burden on labor, Greece tax burden on labor, UK tax burden on labor, Austria tax burden on labor
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A Comparison of the Tax Burden on Labor in the OECD, 2020

A higher tax burden on labor often leads to lower employment rates and wages. That’s important for policymakers to remember as they look for ways to help their economies recover from coronavirus-induced shutdowns. If their goal is to encourage employment, policies that lower the tax burden on labor could prove a powerful tool.

20 min read
Business tangible personal property tax, business inventory tax, Alaska business tangible personal property tax, Texas business tangible personal property tax, Oklahoma business tangible personal property tax, Arkansas business tangible personal property tax, Louisiana business tangible personal property tax, Mississippi business tangible personal property tax, Georgia business tangible personal property tax, Kentucky business tangible personal property tax, West Virginia business tangible personal property tax, Virginia business tangible personal property tax, Maryland business tangible personal property tax, Michigan business tangible personal property tax, Massachusetts business tangible personal property tax, Vermont business tangible personal property tax
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Does Your State Tax Business Inventory?

Inventory taxes are levied regardless of whether a business makes a profit, adding to the burden of businesses already struggling to stay afloat.

2 min read
State franchise tax, state franchise taxes, state capital stock tax, state capital stock taxes, Wyoming capital stock tax, Nebraska capital stock tax, Oklahoma capital stock tax, Arkansas capital stock tax, Louisiana capital stock tax, Mississippi capital stock tax, Tennessee capital stock tax, Alabama capital stock tax, Georgia capital stock tax, South Carolina capital stock tax, North Carolina capital stock tax, Illinois capital stock tax, New York capital stock tax, Delaware capital stock tax, Connecticut capital stock tax, Massachusetts capital stock tax
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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.

4 min read
Which states have a gross receipts tax? State gross receipts tax, state gross receipts tax, Washington state gross receipts tax, Washington gross receipts tax, Oregon gross receipts tax, Nevada gross receipts tax, Texas gross receipts tax, Tennessee gross receipts tax, Ohio gross receipts tax, Delaware gross receipts tax
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Gross Receipts Taxes by State, 2020

While it’s unclear how soon state economies may be able to fully open again, it’s not too early for states to consider how they can remove barriers to businesses & consumers resuming activity.

3 min read