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.
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On average, state and local governments collected $1,144 per person from individual income taxes, but collections varied widely from state to state.
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Indiana recently passed tax conformity legislation linking the state’s individual and corporate tax code to the new federal law.
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Changes 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.
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The new federal tax law left states with some important decisions to make. If they delay, their residents could face confusion come filing time.
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Iowa Gov. Kim Reynolds is on the verge of signing tax reform legislation that would greatly improve the state’s needlessly complex tax code.
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In 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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By broadening bases while lowering rates, policymakers in Kentucky took a responsible approach to comprehensive tax reform.
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Tax Freedom Day is the day when the nation as a whole has earned enough money to pay its total tax bill for the year. In 2018, Tax Freedom Day falls on April 19th, 109 days into the year.
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Amending the Illinois constitution and adopting a graduated-rate income tax cannot solve the state’s fundamental problems. Instead, it doubles down on an already uncompetitive tax code.
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