All Related Articles
Corporate and Individual Tax Expenditures
The elimination of tax expenditures is a popular way to pay for tax reform, but not all tax expenditures are equally worthy of elimination. It is important to ask, for each expenditure, whether it serves a reasonable purpose and whether it accomplishes that purpose in a reasonable way.
23 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
What Is the Real Value of $100 in Your State?
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.
3 min read
Soda Tax Experiment Failing in Philadelphia Amid Consumer Angst and Revenue Shortfalls
Aside from hurting low-income earners, the poor revenue performance of Philadelphia’s soda tax, 24 times higher than the excise rate on beer, threatens the sustainability of the education programs it is intended to fund.
12 min read
Sales Tax Holidays: Politically Expedient but Poor Tax Policy, 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
State Inheritance and Estate Taxes: Rates, Economic Implications, and the Return of Interstate Competition
Estate and inheritance taxes reduce investment, discourage business expansion, and sometimes drive wealthy taxpayers out of state. It’s little wonder that states are under pressure to reduce or eliminate them.
44 min read