Bush Tax Cuts Did Not Increase Income Inequality

Contrary to recent reports suggesting that Bush-era tax cuts have increased income inequality in the U.S., the gap between rich and poor in recent decades has been driven mostly by the business cycle, i.e. multi-year fluctuations in economic activity.

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February 3, 2012

Tax Policy Podcast: Mark Robyn on State Tax Climates

Tax Foundation economist Mark Robyn discusses his most recent report, the 8th edition of the State Business Tax Climate Index. The 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.

February 1, 2012

Tangible Personal Property Tax Reform: Options to Foster Simplicity and Competitiveness in Florida’s Tax Code

Tax Foundation Economist Scott Drenkard submitted testimony today to the Florida legislature on a proposed constitutional amendment to eliminate the state's tangible personal property tax.  His testimony explains the problems with this type of tax and the reasons the state might be better off without it.

 

January 26, 2012

Tax Policy Podcast: National Taxpayer Advocate Nina Olson

National Taxpayer Advocate Nina Olson discusses the work of the Taxpayer Advocate's office and the contents of her most recent report to Congress, including underfunding at the IRS, identity theft, and the need for a Taxpayer Bill of Rights.

January 25, 2012

Which States Are Best for Business?

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.

January 18, 2012

Romney’s Tax Returns and Effective Tax Rates of the Rich

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.

Tax Foundation Grades the Presidential Candidates

Tax Policy Podcast: Maine Rep. Seth Berry on Tax Zappers

Congress Considers Income and Sales Tax Deductions

A New Way to Tax Corporations: Switching to a Territorial System

Tax Foundation Files Brief with U.S. Supreme Court

New Podcast on California's Big Tax Vote

How to Judge a Candidate’s Tax Plan

Comparing the Presidential Candidates’ Tax Plans

New Podcast with Andrew Biggs of AEI on Federal Budget Reform

Tax Foundation Named Organization of the Year

Calculate the Tax Burden of New Federal Health Care Laws