State and Local Individual Income Tax Collections Per Capita
On average, state and local governments collected $1,144 per person from individual income taxes, but collections varied widely from state to state.
2 min readOn average, state and local governments collected $1,144 per person from individual income taxes, but collections varied widely from state to state.
2 min readHow have federal tax expenditures changed since passage of the Tax Cuts and Jobs Act? We compare 2017 and 2018 Joint Committee on Taxation estimates.
8 min readIndiana recently passed tax conformity legislation linking the state’s individual and corporate tax code to the new federal law.
2 min readChanges to the way we tax long-term savings could remove the excess tax burden on saving and investment, helping individuals to better provide for their financial future.
15 min readMore than half the states have pension plans that are less than two-thirds funded, and five states have pension plans that are less than 50 percent funded.
2 min readWhile a cigarette tax increase can seem like a productive step for public health, the decision carries with it many undesirable outcomes.
2 min readImportant lessons can be learned from other state experiences with tax reform. While Kansas teaches us what not to do, Utah, Indiana, North Carolina, and the District of Columbia illustrate that smart, sensible tax reform is possible.
28 min readWhile property taxes inevitably draw the ire of some residents living in high-tax jurisdictions, property values are a relatively good indicator of the value of local services received, such as well-funded roads and schools. At the same time, good local public services can make municipalities more desirable, thereby increasing residential property value.
3 min readThe new federal tax law left states with some important decisions to make. If they delay, their residents could face confusion come filing time.
4 min readIowa Gov. Kim Reynolds is on the verge of signing tax reform legislation that would greatly improve the state’s needlessly complex tax code.
6 min readIn response to the new federal tax law, the governor and lawmakers in both houses have proposed plans for updating Minnesota’s tax code.
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