Tax Analysts Blog

Wednesday, December 4, 2013
Missouri Rep Paul Curtman (R) wants to index his state's income tax brackets to inflation. Of all the tax ideas presented this year, this is among the best. Missouri imposes its top rate of 6 percent on all incomes over $9,000. Nine grand was a lot of money in 1931 – and the top tax rate was aime...
Wednesday, November 27, 2013
The American Legislative Exchange Council recently released a report detailing the tax cuts of the past year. It can be found here. The report notes that 18 states cut taxes in 2013. ALEC thinks that's good, as do I. The states -- in case you have not been reading your State Tax Notes -- are Alask...
Wednesday, November 20, 2013
The worst tax idea of the month comes out of Michigan, where legislators “determined to do something, somewhere, somehow” proposed a tax credit for student loan payments. Under the proposal (SB 408), graduates of Michigan universities, both private and public, would receive a tax credit equal to...
Wednesday, November 13, 2013
In 2040 I will likely be wherever tax journalists go when they die. But the Boeing Co. will still be getting tax breaks from the state of Washington. Gov. Jay Inslee (D) signed legislation this past weekend that will extend the already extremely lucrative tax breaks Boeing receives from the state u...
Wednesday, November 6, 2013
Archer Daniels Midland Co. is big. In 2012 the food processing and commodities corporation had $90 billion in sales and about $4 billion in operating income. The company has been headquartered in Decatur, Ill., for 40 years and now wants to move. The good news -- for the state -- is that ADM wants...
Wednesday, October 30, 2013
With the state legislative season on the horizon, I thought I would provide some tax policy advice for state lawmakers. For conservatives, I offer the following: First, remember that citizens want a certain level of state and local government. No amount of blustering and hyperbole and antitax rheto...
Wednesday, October 23, 2013
There is much talk in Rhode Island about repealing the state's 7 percent sales tax. It is a very good idea. Eliminating the sales tax would likely draw customers from the rest of tax-happy New England and spur retail investment. That could lead to an overall economic boom. To be sure, the sales tax...
Wednesday, October 16, 2013
In a few weeks, voters in Colorado will have a chance to reform one of the most significant tax limitations ever enacted. Amendment 66, designed to raise nearly a billion dollars a year for education, would end the state's flat income tax structure. It would mandate a progressive income tax – hig...
Wednesday, October 9, 2013
The erstwhile folks at the Tax Foundation and the Platte Institute for Economic Research have a plan to fix Nebraska's tax system. What exactly are the problems they're trying to fix? The Tax Foundation and the institute identify plenty. They say Nebraska's top income tax rate and corporate tax...
Wednesday, October 2, 2013
I believe liberals are most convincing when they are arguing for tax relief for the poor. Too often liberals are consumed with either screwing the rich or raising revenue from any source to fund crony public works or bloated union bureaucracies. The Institute on Taxation and Economic Policy (ITEP)...
Wednesday, September 25, 2013
A bipartisan group of lawmakers thinks it's appropriate for the American taxpayer to subsidize organizations fighting for "traditional marriage." But the sponsors aren't so much interested in perpetuating marriage between John and Mary as they are in preventing marriage between John and Jimmy. The...
Wednesday, September 18, 2013
Utah is the home of big families. It has long had the largest household size in the country. It's easy to understand why. About 60 percent of the state's residents are Mormons, and Mormons have traditionally favored big families. All those children have a significant impact on Utah public finances....
Wednesday, September 11, 2013
Nike is iconic. It is the definition of American business success. The company shods everybody from the New York football Giants to the New York football Cosmos. The University of Alabama Crimson Tide and the Cal Poly Mustangs wear the swoosh. The company is famous for its famous endorsers -- Tiger...
Wednesday, September 4, 2013
Two U.S. Congressmen, who know nothing about tax policy, have introduced a bill that will dramatically increase federal taxes on guns and ammunition. The Congressmen are Democrats Danny K. Davis from Illinois and Bill Pascrell from New Jersey. The bill cleverly called the Gun Violence Prevention an...
Wednesday, August 28, 2013
Kyle Wingfield, an editorial writer for The Atlanta Journal Constitution, wrote a column on August 15, 2013 calling for repeal of Georgia's personal income tax. Based on his own research, Wingfield calculated that no income tax states had higher growth, population, and job rates than high income t...
Wednesday, August 21, 2013
Like many governors, New Jersey's Chris Christie is not well versed in the principles of sound tax policy. In fact, if recent events are an indication, he is ignorant of the basic concepts. On August 19, he vetoed a very good tax policy measure (S 1868). That law would have provided a sales and use...
Wednesday, August 14, 2013
As State Tax Today reported recently, U.S. Senators Ron Wyden, D-Ore., and John Thune, R-S.D., introduced legislation to make permanent the ban on state and local jurisdictions taxing Internet access. This will turn the Internet Tax Freedom Act into the Internet Tax Freedom Forever Act (get it?). I...
Wednesday, August 7, 2013
New Mexico last week was touting the fact that its lottery netted a record $43.7 million. The absent minded politicians proudly noted that the money will be used for college scholarships for poor kids. Isn't that great? No actually, it's not. You see the lottery system is a big fat scam. It takes m...
Wednesday, July 31, 2013
Some aficionados of the genre may remember this from the 2001 remake of Planet of the Apes. After the climactic battle, former underwear model Mark Wahlberg and always alluring (even when dressed as a gorilla) Helena Bonham Carter convince man and ape to make peace and work together toward a common...
Wednesday, July 24, 2013
I have quit smoking, I think. Actually, I have been smoking electronic cigarettes, which apparently will not kill you. Sure, they are not as cool as the real thing. I can't see James Dean or Humphrey Bogart puffing on an e-cig. But they won't kill you. Unlike many ex-smokers, I do not care if you...