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Sales Tax Base Broadening: Right-Sizing a State Sales Tax
Due in part to historical accident and also to the proliferation of exemptions, the effectiveness of the state sales tax continues to erode. The median state sales tax, which should apply to all personal consumption, is nonly applied to 23 percent of personal consumption.
25 min read
Corporate Income Tax Rates around the World, 2017
The last time the U.S. reduced its federal corporate income tax rate was in 1986. Since then, countries throughout the world have significantly reduced their rates, leaving the U.S. with the fourth highest statutory corporate tax rate in the world and an overall uncompetitive tax system.
11 min read
Taxes on the Rich Were Not That Much Higher in the 1950s
The top 1 percent of Americans today do not face an unusually low tax burden, by historical standards. In the 1950s, when the top marginal income tax rate reached 92 percent, the top 1 percent of taxpayers paid an effective rate of only 16.9 percent.
4 min read
Real Value of $100 by State, 2017
Prices for the same goods are often much cheaper in some states than others. Check out our new map to see what the real value of $100 is in your state.
4 min read
Sales Tax Holidays by State, 2017
Sales tax holidays have enjoyed political success, but rather than providing a valuable tax cut or a boost to the economy, they impose serious costs on consumers and businesses without providing offsetting benefits.
43 min read