Search for: "Jared Walczak" Results 61 - 80 of 118
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14 Aug 2018, 7:00 am by Kevin Kaufman
Key Findings The new federal tax law cuts federal taxes for most filers in Virginia, but absent legislative action, many Virginians will experience an unlegislated increase in their state tax liability. [read post]
3 Feb 2022, 3:45 am by Kevin Kaufman
Key Findings Forty-five states and the District of Columbia collect statewide sales taxes. [read post]
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]
11 Jan 2021, 8:19 am by Kevin Kaufman
Key Findings Introduction Tax Elements General Design Considerations — Taxing Data Processing — Taxing Financial Transactions — Taxing Traders Conclusion Key Findings: A financial transaction tax (FTT) would raise transaction costs, which would result in a lower trading volume, lower liquidity, potentially increased volatility, and lower price of assets. [read post]
6 Jul 2021, 4:25 am by Kevin Kaufman
[1] Jared Walczak et al., Location Matters 2021: The State Tax Costs of Doing Business, Tax Foundation, May 5, 2021, https://www.taxfoundation.org/state-tax-costs-of-doing-business-2021/. [2] Forbes, “Best States for Business,” 2019, https://www.forbes.com/best-states-for-business/list/. [3] CNBC, “America’s Top States for Business in 2019,” updated Jan. 27, 2020, https://www.cnbc.com/2019/07/10/americas-top-states-for-business-2019.html. [4] CNBC,… [read post]
15 Jan 2021, 2:36 pm by Kevin Kaufman
  As our colleague Jared Walczak points out here, collections data indicate state tax revenues are down only slightly overall but states that depend heavily on tourism or the energy sector are disproportionately struggling. [read post]
23 Nov 2021, 8:25 am by Kevin Kaufman
Effective Tax Rate by Industry in Ohio Industry Sector Profit/Receipts Ratio Effective Tax Rate Agriculture, Forestry, Hunting, and Fishing 5% 4.7% Mining 4% 6.7% Construction 3% 8.6% Manufacturing 6% 4.0% Wholesale 3% 8.3% Retail 3% 7.9% Transportation and Warehousing 4% 7.0% Information 8% 3.4% Real Estate and Rental & Leasing 18% 1.4% Professional, Scientific, and Technical Services 5% 5.0% Management of Companies (Holding Companies) 70% 0.4% Administrative/Support, Waste Management 4% 6.3%… [read post]
5 Jul 2017, 8:43 am by Dan Carvajal
  Key Findings Forty-five states and the District of Columbia collect statewide sales taxes. [read post]
3 Feb 2021, 5:55 am by Kevin Kaufman
” Tax Foundation, Oct. 5, 2020, https://taxfoundation.org/colorado-proposition-116-state-income-tax/. [6] Scott Drenkard, “Indiana’s 2014 Tax Package Continues State’s Pattern of Year-Over-Year Improvements,” Tax Foundation, Apr. 7, 2014, https://taxfoundation.org/indiana-s-2014-tax-package-continues-state-s-pattern-year-over-year-improvements/. [7] Jared Walczak, “Iowa Governor Outlines Plan to Cut Rates and Repeal Federal Deductibility,”… [read post]
12 Feb 2019, 6:00 am by Kevin Kaufman
Key Findings Under the Tax Cuts and Jobs Act, the personal exemption is suspended through 2025, balanced by other provisions, including the near-doubling of the standard deduction and an enhanced child tax credit. [read post]
18 Jan 2022, 1:55 am by Kevin Kaufman
Key Findings Forty-four states levy a corporate income tax. [read post]
27 Feb 2019, 7:09 am by Kevin Kaufman
Key Findings Forty-four states levy a corporate income tax. [read post]
15 May 2018, 5:37 am by Colby Pastre
Key Findings State tax reform is a difficult process, but states like Utah, Indiana, and North Carolina, and the District of Columbia, illustrate that reform can be successful when it happens in a diligent and thoughtful way. [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]
4 May 2022, 1:50 am by Kevin Kaufman
Key Findings Sales taxes account for 29.52 percent of state tax revenue, but most sales taxes are imposed on narrow—and still-narrowing—bases, with average sales tax breadth of only 29.71 percent and a median of 35.72 percent. [read post]
20 Dec 2019, 2:00 am by Kevin Kaufman
Key Findings Thirty-four states have major tax changes taking effect on January 1, 2020. [read post]
9 Apr 2018, 9:57 am by Dan Carvajal
Key Findings In Illinois, legislation is pending repealing the state constitution’s uniformity clause and adopting a graduated-rate income tax with a top rate higher than the current rate. [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]