Search for: "Jared Walczak" Results 41 - 60 of 119
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13 Oct 2020, 6:25 am by Kevin Kaufman
[1] Key Findings An ideal tax code is one that is simple, transparent, neutral, and stable, but many states, including Nebraska, have certain tax provisions that depart from these principles of sound tax policy. [read post]
24 Sep 2020, 1:55 am by Kevin Kaufman
Key Findings: California has one of the nation’s least business-friendly tax environments, ranking 48th on the Tax Foundation’s State Business Tax Climate Index, which measures tax structure. [read post]
18 Sep 2020, 8:43 am by Kevin Kaufman
Key Findings State tax collections declined 5.5 percent in FY 2020 according to new Census data, though actual losses are likely to be significantly lower after accounting for the shifting of income tax collections into the current fiscal year due to delayed tax filing deadlines. [read post]
13 Aug 2020, 1:55 am by Kevin Kaufman
Key Findings When a person lives in one state but works in another, they may have tax liability in both states, but typically receive a tax credit to eliminate double taxation of that income. [read post]
21 Jul 2020, 7:59 am by Kevin Kaufman
Featuring: Jared Walczak, Vice President of State Projects, Tax Foundation Kathryn White, Director of Budget Process Studies, National Association of State Budget Officers (NASBO) Morgan Scarboro, Manager, Tax Policy & Economist, Multistate Associates Note: You are free to attend either panel discussion, or both. [read post]
15 Jul 2020, 2:55 am by Kevin Kaufman
Key Findings Extrapolating from recently revised state revenue forecasts yields an estimated nationwide $121 billion decline in state tax collections across FYs 2020 and 2021 against a FY 2019 baseline, and $191 billion compared to initial tax revenue projections for those two years. [read post]
15 Jul 2020, 2:55 am by Kevin Kaufman
Key Findings Connecticut’s property tax burdens are rising rapidly, with the state’s effective property tax rates on owner-occupied housing now among the highest in the country at 1.7 percent of housing value. [read post]
8 Jul 2020, 5:45 am by Kevin Kaufman
Key Findings Forty-five states and the District of Columbia collect statewide sales taxes. [read post]
19 May 2020, 2:55 am by Kevin Kaufman
Key Findings Removing tax policy barriers can help businesses and individuals invest, work, create jobs, and lift the economy during a post-pandemic recovery without requiring lawmakers to create new spending programs. [read post]
14 May 2020, 2:55 am by Kevin Kaufman
Key Findings Average workers in the United States face two major taxes on wage income: the individual income tax and the payroll tax (levied on both the employee and the employer). [read post]
11 May 2020, 1:55 am by Kevin Kaufman
Key Findings The COVID-19 pandemic and the attendant economic contraction will wreak havoc on state and local tax revenues, with projections of a 15-20 percent decline in state revenues. [read post]
23 Apr 2020, 8:58 am by Kevin Kaufman
Tax Foundation Director of State Tax Policy Jared Walczak tackles these questions and others in a new video discussion. [read post]
22 Apr 2020, 9:55 am by Kevin Kaufman
Short-term policies to “stimulate” economic growth after COVID-19 run the risk of producing short-term results and would likely prove insufficient and ineffective for sparking a long-term recovery. [read post]
15 Apr 2020, 6:43 am by Kevin Kaufman
Key Findings: The coronavirus pandemic affects almost every source of state revenue, and with the duration unknown, predicting economic outcomes will be difficult. [read post]
7 Apr 2020, 3:00 am by Kevin Kaufman
Key Findings State revenue stabilization funds, often called rainy day funds, are better funded now than they were at the start of the Great Recession and can be a valuable tool as states face a sharp pandemic-linked economic contraction. [read post]
2 Apr 2020, 9:18 am by Kevin Kaufman
Key Findings As states grapple with declining revenues and delay tax collections, policymakers must begin to think about how to close out their FY 2020 budgets consistent with balanced budget requirements. [read post]
16 Mar 2020, 6:43 am by Kevin Kaufman
Key Findings The Maryland General Assembly is on the verge of adopting a vaguely worded, legally dubious tax on digital advertising in the final days of this session—now paired with new tobacco taxes. [read post]
4 Feb 2020, 6:00 am by Kevin Kaufman
Key Findings Individual income taxes are a major source of state government revenue, accounting for 37 percent of state tax collections in fiscal year (FY) 2017. [read post]
4 Feb 2020, 6:00 am by Kevin Kaufman
Key Findings Individual income taxes are a major source of state government revenue, accounting for 37 percent of state tax collections in fiscal year (FY) 2017. [read post]
15 Jan 2020, 4:00 am by Kevin Kaufman
Key Findings Forty-five states and the District of Columbia collect statewide sales taxes. [read post]