Texas Margin Tax Experiment Failing Due to Collection Shortfalls, Perceived Unfairness for Taxing Unprofitable and Small Businesses, and Confusing Rules
Texas’s tax system has many notable aspects. The state imposes no individual income tax and no corporate income tax.
Occasionally, politicians get the big questions right. In no place is that more evident in 2007 than in Kansas, where lawmakers are currently debating a package of corporate tax reform plans.
Catherine the Great is supposed to have said, “A great wind is blowing, and that gives you either imagination or a headache.” In Washington, winds are stirring for corporate tax reform.
There is a growing debate in Washington over how U.S. companies should be taxed on the profits they earn abroad. The outcome of this debate will determine how well U.S.
William McBride of the nonpartisan Tax Foundation discusses ten metrics to use in judging tax legislation, plans, and codes so that they are fairest to the people being taxed and benefitting from t
Record high levels of unemployment and record low reserve funds have placed great pressure on the federal-state unemployment insurance (UI) tax and benefit system.
Tax Freedom Day® 2012 arrives on April 17 this year, four days later than last year due to higher federal income and corporate tax collections.
The income earned by the top 1 percent of Americans has declined for the second year in a row while their average tax rate has increased, according to this Tax Foundation study.
States are increasingly extending higher tax rates to products like candy and soda, ostensibly to fight obesity, but such moves are unlikely to have an impact on obesity rates and health outcomes,
Despite recent attempts by real estate, home building, and mortgage-lending organizations to portray the home mortgage interest deduction as vital to middle-income family budgets, an anal