Will Illinois Double Down on High Taxes?
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.
16 min readAmending 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.
16 min readThe proposal includes some good reforms, including conforming to the federal full expensing provision, but also rolls back some recent positive changes.
2 min readIn the wake of the Tax Cuts and Jobs Act, Maine is considering conformity legislation that would improve the competitiveness of the state’s tax code.
3 min readIndividual income tax rates and brackets vary widely by state. Keep track of top marginal income tax rates in your state and others with our new guide.
4 min readTaxpayers reported $10.4 trillion of total income on their 2015 tax returns. This report breaks down the sources of this income: wages and salaries, business income, investment income, and retirement income.
9 min readIn response to federal tax reform, Georgia is poised to reform its own tax code in a way that would make the state more competitive with its neighbors.
3 min readThe time and effort associated with tax compliance is a drag on the economy, as researchers have shown. Will the Tax Cuts and Jobs Act reduce that burden?
3 min readThe marriage penalty and the marriage bonus are each ways that the income tax code violates the principle of neutrality and affects taxpayer behavior. Here’s how each works and why they deserve attention.
13 min readThe Tax Foundation’s 2018 tax reform calculator shows you how the Tax Cuts and Jobs Act will impact take-home incomes, taxes owed, and more.
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