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How High Are State and Local Tax Collections in Your State?

Options for Improving Cost Recovery for Structures

If lawmakers are looking to maximize the positive economic effects from a tax bill, then improving tax depreciation for structures should probably be part of the conversation. Here are a few options.

Does Your State Levy a Capital Stock Tax?

Economic and Budgetary Impact of Temporary Expensing

Instead of making expensing temporary, lawmakers could pursue other ways to speed up cost recovery with permanent economic gains and without drastically reducing revenue. One way to do that is by enacting “depreciation indexing.”

Testimony: The Startup Slump: Can Tax Reform Help Revive American Entrepreneurship?

Tax reform should aim to get the tax code out of the way of entrepreneurship by making it simpler, less burdensome, and eliminating its anti-growth biases.

What Would the “Big Six” Framework Mean for Lower-Middle Income Households?

Based on the details we have, the Big Six tax plan would lower taxes on the bottom 80% of taxpayers, and raise the tax burden on the top 20% of taxpayers.

Carson, California, Considers a Gross Receipts Tax

How High Are Excise Tax Collections Where You Live?

Eliminating the SALT Deduction Under the “Big Six” Tax Plan

The state and local tax deduction favors high-income individuals in high-tax states. Six states—California, New York, New Jersey, Illinois, Texas, and Pennsylvania—claim more than half of the value of the deduction.

Details of the “Big Six” Tax Framework

Republican leadership in the House, Senate, and White House released a framework for a tax proposal that would lower taxes on businesses and individuals and simplify a number of aspects of the federal tax code. Here are the details we know right now.