We’ve reported here that many states are trying to use their long arms to tax previously untaxable out of state Internet sales. Joseph Henchman of Tax Policy Blog reports that the House of Representatives is trying to prevent that: The House Judiciary Committee today approved the Business Activity Tax Simplification Act (BATSA) on a bipartisan [...]
Tags: Legislative Watch · State Taxes
“Today, Ohio has the 7th highest state and local combined tax burden in the nation with taxes consuming 10.4 percent of the state’s income.” – Scott Hodge, Tax Policy Blog – Jim Fedako of the Mises Institute writes about what he calls the Exploitation Theory in Reverse: According to the Buckeye Institute, the highest paid Ohio Turnpike [...]
Tags: State Taxes
File this one under the category “Ya think?” Joseph Henchman of Tax Policy Blog writes in Illinois Legislators Hint that Tax Increases are Driving Away Jobs: In January, Illinois legislators approved raising their individual income tax rate from 3% to 5%, and raised the corporate income tax rate from 7.3% to 9.5%, retroactive to January [...]
Tags: State Taxes · Tax Policy
When the New York Times thinks you’ve gone too far on taxes, you’ve probably gone too far on taxes: In most of the country, tax increases are anathema. Not in San Francisco. The city’s public employee unions are a potent political force; business groups are focused on business taxes; resident taxpayers are disorganized and inconsequential, politically. [...]
Tags: Politics of Taxes · State Taxes · Tax Policy
CPA Tonya Moreno writes that more states are charging sales tax on digital downloads to pump up state revenue. On July 1, 2010 Wyoming became the latest state to begin charging 4% sales tax on digital downloads held for permanent use. And they’re just one of many states that tax downloads. New Jersey was the [...]
Tags: State Taxes
Walter Russell Mead writing for American Interest says that red state schools regularly outperform blue state schools. This is classiker than a Ford Model T: When it come to excellence in education, red states rule — at least according to a panel of experts assembled by Tina Brown’s Newsweek. Using a set of indicators ranging [...]
Tags: Legislative Watch · News · State Taxes
Mark Perry of Carpe Diem reports that California businessmen are fleeing the state in droves: California currently ranks #49 among U.S. states for “business tax climate” (Tax Foundation) and #48 for for “economic freedom” (Mercatus). It shouldn’t be any surprise then that companies are leaving the “Golden State” in record numbers this year (see chart above) [...]
Tags: News · State Taxes · The Economy
