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The ‘Grain Glitch’ Needs to Be Fixed
The Tax Cuts and Jobs Act tax preference for farm co-ops would distort agricultural activity and create tax planning opportunities for wealthy taxpayers.
9 min read
State Corporate Income Tax Rates and Brackets, 2018
State corporate income tax rates range from 3 percent in North Carolina to 12 percent in Iowa. Download and compare each state’s 2018 rates and brackets here.
6 min read
The U.S.’s New Ranking on the International Tax Competitiveness Index
The TCJA is projected to improve the United States’ current ranking from 30th among the 35 Organisation for Economic Co-operation and Development (OECD) countries to 25th, an improvement of five places.
4 min read
Pennsylvania’s New Penalties on Investment Could Scare off Amazon, Others
While other states are working to promote growth, Pennsylvania is headed in the opposite direction with a policy that dramatically overtaxes investment.
4 min read
West Virginia Constitutional Amendment Would Roll Back Property Taxes on Machinery and Equipment
Governor Justice’s proposal to roll back West Virginia’s tangible personal property tax, a tax on equipment and machinery, is an opportunity improve the state’s outmoded property tax structure.
4 min read
Tax Reform Moves to the States: State Revenue Implications and Reform Opportunities Following Federal Tax Reform
Federal tax reform gives states an opportunity to improve their own tax codes. This study surveys the federal provisions to which states conform, what each state can expect from federal tax changes, and what options are available to them.
58 min read
Reviewing the Credit Union Tax Exemption
2 min read
President Trump Approves Tariffs on Washing Machines and Solar Cells
Tariffs on washing machines and solar cells, though designed to help U.S. manufacturing and protect consumers, will likely raise prices and distort markets.
3 min read
Washington Legislature Considers B&O Tax Surcharge
Legislation introduced in Washington State correctly diagnoses the problem with the state’s B&O tax, but the proposed remedy could use some work.
6 min read
A Look Ahead at Expiring Tax Provisions
5 min read
New Federal Reserve Paper: State Corporate Taxes Hurt Entrepreneurship
For every 1 percentage point increase in a state’s corporate tax rate, employment in start-up firms declines 3.7 percent, according to a recent Federal Reserve study.
2 min read
Where Did Americans Move in 2017?
There are many ways that states can compete with one another for residents, and tax rates and structures should certainly be part of the conversation for states looking to attract new residents.
2 min read
Other Federal Tax Changes in the New Year
Though the focus has been on the Tax Cuts and Jobs Act, there are other federal changes that took place on January 1, 2018 which are also worth reviewing.
3 min read
Trade and Capital Flow Consequences of Tax Reform: A Means to a Faster Expansion of U.S. Capital Formation and Employment
The tax bill will boost investment and incomes in the United States, and make the country a better place to locate production and hiring. There will be a transitory rise in the trade deficit, but in the context of a stronger, faster-growing economy.
5 min read