The State Business Tax Climate Index accounts for dozens of state tax provisions, creating a single easy-to-use score that measures each state against the tax climates of every other state.
Wyoming, Florida, and Texas rank among the ten best states for taxes on business, while companies in states like New York, New Jersey, and California have a far less pleasant tax climate to deal with. See how your state ranks.
Mitt Romney's statement that he pays an effective tax rate of around 15 percent has generated a great deal of confusion over how much wealthy taxpayers actually pay in taxes and at what their "effective," or average, tax rates are after credits and deductions. So it is helpful to review the latest data from the IRS for 2009.
Taxes are at the top of the agenda in the 2012 presidential race, but the complexity of the competing candidates' plans can make them difficult to evaluate. To help clarify the issue, the Tax Foundation has reviewed the positions of the Republican nominees for President and assigned them letter grades based on how closely their plans are guided by the principles of sound tax policy.
Maine Rep. Seth Berry (D-Bowdoinham) explains the problem with "tax zappers" - programs that allow merchants to evade sales taxes - and the bill he is co-sponsoring to address the problem.
As Congress debates whether to continue allowing taxpayers to deduct the amount they pay in state sales taxes from their federal returns, a new analysis from the Tax Foundation finds that states vary widely in the number of individuals taking the deduction, with the greatest impact seen in states that have a very low or no state income tax.
In order to spur greater investment and economic growth, the U.S. should follow the example of our closest trading partners and embrace a territorial tax system, according to the second in a new series of videos produced by the Tax Foundation.
National Taxpayer Advocate Nina Olson, January 26, 2012
Tax Foundation's president talks about our history and how to use the website.
The GPA of the GOP: Do taxes matter?, by David S. Logan, January 19, 2012
State Business Tax Climate Index, 2012 Edition
