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26 Sep 2017, 6:41 am
Three of these states—Connecticut, New York, and Wyoming—impose taxes mirroring the old Ohio corporate franchise tax, under which businesses pay the greater of net worth or net income liability.[12] Beginning in 2006, Ohio CFT liability declined in increments of 20 percent a year, with firms responsible for 80 percent of their standard liability that year, 60 percent in 2007, and so on until 2010, when the tax was eliminated. [read post]
27 Jan 2020, 1:50 am
Key Findings Wealth taxes on ultra-wealthy households have been proposed by Democratic presidential candidates to fight against inequality and raise extra revenue but there is substantial uncertainty about how much revenue can be raised. [read post]
