Tax Foundation

Illinois Approves Sharp Income Tax Increase, Fourth-Highest Corporate Tax Rate

Joseph Henchman and Kail Padgitt
January 12, 2011

Early on January 12, 2011, the Illinois Legislature narrowly passed a bill that significantly raises individual income and corporate income taxes.

Retroactive Taxation and the Baucus Proposal

Michael Schuyler
December 11, 2013

In this policy review, Michael Schuyler notes that Senator Max Baucus (D-MT), chairman of the Senate Finance Committee, has suggested numerous changes in international taxation, tax enforceme

Are Tax Incentives Part of a Competitive Tax Code?

Scott Drenkard
November 20, 2013

In tis policy document, Scott Drenkard writes that even though credits lower the tax burden of a particular tax filer, in most cases we see them as poor tax policy.

2014 State Business Tax Climate Index

Scott Drenkard & Joseph Henchman
October 7, 2013

In this Background Paper, the authors write that the State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems c

The Economics of the Blank Slate: Estimating the Effects of Eliminating Major Tax Expenditures and Cutting Tax Rates

Michael Schuyler, and Stephen J. Entin
July 26, 2013

In this study, the authors at the Tax Foundation write that Senators Max Baucus and Orrin Hatch, the Chairman and Ranking Member of the Senate Finance Committee, have proposed in a letter to

Case Study #8: Education Credits

August 7, 2013

In this case study, the authors write that the federal government provides many types of higher education assistance through the tax code.

Case Study #7: The Earned Income Tax Credit

Michael Schuyler, and Stephen J. Entin
August 7, 2013

In this case study, the authors write that the Earned Income Tax Credit (EITC) was introduced into the tax system in 1975 as a small tax subsidy for the working poor with children.

Case Study #6: The Exclusion for Employer Provided Health Insurance

Michael Schuyler, and Stephen J. Entin
August 5, 2013

In this case study, the authors write that until recently, employers were generally not required to put the value of health care premiums on employees’ W-2 year-end tax forms.

Case Study #5: Accelerated Depreciation

Michael Schuyler, and Stephen J. Entin
August 2, 2013

In this study, the authors write that businesses can recognize most of their labor costs on their tax returns when they incur the costs but must typically deduct their investment costs over m

Case Study #4: The Deduction of State and Local Income Taxes or General Sales Taxes

Michael Schuyler, and Stephen J. Entin
August 1, 2013

The federal individual income tax code permits taxpayers who itemize to claim a deduction for their state and local income taxes or general sales taxes.

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