The federal individual income tax code permits taxpayers who itemize to claim a deduction for their local real estate (property) taxes. However, the deduction is controversial.
The federal individual income tax permits taxpayers who itemize to claim a deduction for the mortgage interest they pay on their primary residence.
In this Special Report for the Tax Foundation, Henchman writes that,
The idea that taxes affect economic growth has become politically contentious and the subject of much debate in the press and among advocacy groups.
The Institute on Taxation and Economic Policy (ITEP) released a report last month titled Who Pays?
This week, the Finance and Appropriations Committees of the North Carolina House of Representatives approved legis
The number of U.S. cell phone subscribers has grown significantly in recent years from 48.7 million in 1997 to 321.7 million in 2012.
My name is Scott Drenkard, and I’m an economist at the Tax Foundation.
This fiscal fact asserts that on March 21, 2013 the Senate voted 79 to 20 to pass a nonbinding budget amendment encouraging the repeal of the Affordable Care Act’s medical device excise tax.
Congress is debating major reforms of the corporate and individual income taxes. One expressed goal of the exercise is to promote economic growth while lowering the deficit. Growth is key.