Major tax proposals, including tariffs and a wealth tax, fail to put US debt on a sustainable course, our recent analysis finds.
https://t.co/c789YgJ7tv @EconoWill
Among the 25 states with the most competitive tax structures (per our State Tax Competitiveness Index), the majority experienced net inbound migration of both population and income.
Read more: https://t.co/YLfx4ziJGy
The states with the highest corporate income tax rates:
1. New Jersey
2. Minnesota
3. Illinois
4. Alaska
5. Maine
Explore the data: https://t.co/LHJl47e3In
The federal budget remains far out of balance. The CBO projects publicly held debt will hit a new record high within the next four years and rise to 175 percent of GDP by 2056.
Our analysis points to the need to focus primarily on reducing spending growth—especially in Social Security and Medicare—and secondarily on relatively efficient, broad-based tax increases.
Read more: https://t.co/1PtatdHrc0
Most popular proposals, from wealth taxes to tariffs, cannot produce sustainable revenues sufficient to address the US debt crisis. https://t.co/27qw6BfCua
For millions of Americans, gathering the necessary paperwork to file their income tax returns is a time-consuming, resource-intensive, and tedious task.
And for taxpayers who work in more than one state and are required to file nonresident income tax returns, the complexity of filing in multiple states (and sometimes multiple localities) can be enough to frustrate even professional tax preparers.
How does your state compare? https://t.co/ehgXCdHei3
The European Tax Policy Scorecard seeks to measure the extent to which a country’s tax system adheres to two important aspects of tax policy: competitiveness and neutrality.
Read more: https://t.co/JVW0nIcZAc
Chicago and the state of Illinois have long sought to patch over an uncompetitive tax code with targeted incentives, but when those aren’t available, even a Chicago institution as venerable as the Bears will be tempted to stray.
https://t.co/aK78iDIUHP @JaredWalczak
DC taxpayers were sidelined when the Washington Commanders announced that city aid would help fund a new stadium on the site of the vacant RFK Stadium. The $4 billion deal will be offset by a staggering $1.15 billion in public revenue.
Read our op-ed: https://t.co/IkLyF64u8t