Business Taxes

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

The Economics of Stock Buybacks

Stock buybacks are readily visible, and unfortunately some have misunderstood stock buybacks to be taking place at the expense of long-term investments.

Cost Recovery Treatment Short of Full Expensing Creates A Drag on Economic Growth

Full expensing is a key driver of future economic growth, and can have a larger pro-growth effect per dollar of revenue forgone than cutting tax rates.

A Comparison of the Tax Burden on Labor in the OECD, 2018

Before accounting for state and local sales taxes, the tax burden that a single average wage earner faces in the U.S. is 31.7 percent of pretax earnings, amounting to $18,198 in taxes in 2017.

The Ways and Means Committee Passes Tax Reform 2.0

The Impact of a Higher Corporate Tax Rate to Fund Eliminating the SALT Deduction Cap

Recent Developments on the EU Digital Turnover Tax

New Bill to Make Four Changes to the Affordable Care Act

Upcoming Corporate Tax Rate Reductions in Developed Countries

Colorado Announces Online Sales Tax Collection Starting November 1

How Much Does Your State Collect in Corporate Income Taxes Per Capita?

Permanence for 100 Percent Bonus Depreciation Provides More Cost-Effective Growth than Permanence for Individual Provisions

In the long run, permanent full expensing produces about 4.5 times more GDP growth per dollar of revenue than making individual TCJA provisions permanent.

The TCJA’s Expensing Provision Alleviates the Tax Code’s Bias Against Certain Investments

The Tax Cuts and Jobs Act made significant progress in improving businesses’ ability to recover the cost of making investments in the United States by enacting 100 percent bonus depreciation.

Pennsylvania: A 21st Century Tax Code for the Commonwealth

Policymakers from across the spectrum recognize that Pennsylvania’s tax code has not kept up with a 21st century economy. Here are comprehensive solutions for how Pennsylvania can achieve a more competitive tax code.

Here’s What GDP Actually Tells Us

Post-Wayfair Options for States

What is included in the “Wayfair checklist,” what policy choices do legislators have to make their state compliant, and, ultimately, how prepared is each state to start requiring that online retailers collect sales tax?

Sanders’ New Plan Would Hurt, Not Help, Low-Skill Workers

Proposed Corporate Rate Hike Would Damage Economic Output

Raising the corporate tax rate would reduce economic growth and lead to a smaller capital stock, lower wage growth, and reduced employment.

Prioritizing Tax Reform in Arkansas

Responding to the NYT’s Stock Buybacks Analysis

The increase in stock buybacks isn’t surprising nor a sign that the Tax Cuts and Jobs Act won’t increase domestic investment.