Tax Analysts Blog

Sep 29, 2015
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In late August, Jeb Bush attacked Republican front-runner Donald Trump by calling the billionaire a Democrat. Although Bush's remarks were intended to blunt some of Trump's momentum and were part of a broader strategy for the establishment candidate to regain relevancy, they were prompted by Trump'...
Sep 23, 2015
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We know the story very well. Most services aren't subject to sales tax in most states. From a tax policy perspective, that's no good. The sales tax should fall on all final consumption -- preferably at a very low rate. So everything we buy should be subject to tax. There are several reasons for thi...
Sep 21, 2015
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Ever since Mr. 47 Percent with his 14 percent tax rate lost the 2012 presidential election, Republicans have made it their business to connect with working-class Americans. So supply-side economics and all its focus on tax breaks for businesses and investors had to make way for a new kind of thinki...
Sep 16, 2015
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New Jersey is known for bad tax policy. Everyone knows that. Income, sales, and property taxes in the Garden State are badly in need of repair. But if you can believe it, some folks in the state are trying to make its revenue policy even worse. State Sen. Tom Kean Jr. (R) is proposing a bill (S 272...
Sep 15, 2015
Comments (8)
It's not every day that a U.S. senator, let alone a presidential candidate, sues the government to suspend the enforcement of a federal tax law. Yet that is exactly what Sen. Rand Paul of Kentucky is doing. He is one of seven plaintiffs challenging the constitutionality of the Foreign Account Tax...
Sep 10, 2015
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Republican presidential candidate Jeb Bush wants to fix the nation's tax law. Which is great – it needs a lot of work. But so far, Bush doesn't seem very interested in fixing something even more important: the IRS. Because even a good tax law will fail when administered by a bad agency. The IRS...
Sep 9, 2015
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I believe that all states will legalize marijuana in the next five years. There will be several proposals this year to legalize the stuff that made Cheech and Chong famous. Currently, 23 states and the District of Columbia have laws legalizing marijuana in some form. Most of them use the guise of m...
Sep 4, 2015
In the last month, I've spent more time than I'd like to admit trying to figure out how, when, and with whom state tax authorities share confidential taxpayer information and what safeguards are in place to avoid its misuse. What I've learned is that very little information is publicly available...
Sep 2, 2015
Comments (2)
I shudder every time I see a state government use the tax law as an incentive for a business to do or not do something. I shudder a lot. States provide these incentives so businesses can create jobs, make investments, locate here, locate there, use specific energy sources, etc., etc. There are thou...
Aug 31, 2015
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The longer Donald Trump's campaign for the White House continues, the harder it becomes for the billionaire developer to completely avoid mentioning substantive issues. Although Trump is quite skilled at talking a lot and offering only sound bites, even he is starting to have trouble filling all th...