Taxes

Not All Income Tax-Free States Are Alike

All but seven states have a state income tax: Alaska, Florida, Nevada, New Hampshire, South Dakota, Texas and Wyoming. These states are typically thought of as having a tax advantage over states with…

Is the Tax Code Driving Taxpayers From Wisconsin?

On average, Wisconsin loses $136 million a year in adjusted gross income (AGI) from residents moving to other states. That is equal to nearly $2.5 billion over the past two decades. Money leaving the…

Abolishing the Corporate Income Tax Could Be Good for Everyone

The U.S. corporate income tax produces little revenue — only 1.8 percent of gross domestic product (GDP), or about $288 billion in 2013. Yet the compliance, collection and avoidance costs of collectin…

Benefits to the Poor of Texas Franchise Tax Repeal

Texas continues to grow, even in the face of a recession and the weak recovery. From 2008 to 2014, real gross domestic product per person in the United States did not grow, but in Texas, per capita GD…

The Marketplace Fairness Act:Tilting the Playing Field

Last year, the U.S. Senate passed the Marketplace Fairness Act (MFA), allowing states to require online retailers to collect and remit sales taxes for each buyer’s state. Though the House of Represent…

Simulating the Elimination of the U.S. Corporate Income Tax
Do Bans on Plastic Grocery Bags Save Cities Money?

Consumers choose plastic bags far more often than paper or reusable bags to carry their purchases. Compared to paper and reusable bags, plastic bags are lightweight, strong, flexible and moisture resi…

Inequities in Texas Telecom Taxation

Telecommunications, cable and wireless service consumers pay a barrage of federal, state and local taxes and fees imposed on these services and their providers. Telecom services are usually taxed like…