State Tax

Key Findings A typical American household with four wireless phones paying $100 per month for taxable wireless service can expect to pay about $229 per year in wireless taxes, fees, and surcharges—up from $221 in 2017. Nationally, these impositions make up about 19.1 percent of the average customer’s bill—the highest rate ever. Illinois now has
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This week’s state tax map examines states that have a throwback rule in their corporate tax code. Throwback rules are not widely understood, but they have a notable impact on business location and investment decisions. For purposes of corporate taxation, multistate businesses are required to apportion their income among the states in which they operate.
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Below is a brief excerpt from South Carolina: A Road Map For Tax Reform. To download our full reform guide, click the link below. Download The Full Book Introduction Two decades before he published his famous treatises on government, John Locke’s Fundamental Constitutions of Carolina were adopted as the governing document of provincial Carolina. Voltaire
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Unlike the attention being drawn to San Francisco’s legal troubles with Proposition C, there is less fanfare surrounding Proposition D, which creates a new municipal gross receipts tax on cannabis. The measure will distort the cannabis market and raise costs for consumers in an especially opaque manner, as other gross receipts taxes often do. Proposition
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This year, “Cyber Monday” signifies more than just a chance to get the best post-Black Friday deals. It also kicks off the first holiday online shopping season since the U.S. Supreme Court sales tax ruling in South Dakota v. Wayfair. It’s a big step but also doesn’t represent a huge sea change, given the evolution
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Today’s map examines states that have a “marriage penalty” in their individual income tax brackets. Under a progressive, graduated-rate income tax system, as a taxpayer’s marginal income increases, tax rates also increase. A marriage penalty exists when a state’s income brackets for married taxpayers filing jointly are less than double the bracket widths that apply
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Today’s map is the final in our series examining each of the five major components of the 2019 State Business Tax Climate Index. Compared to individual, corporate, sales, and property taxes, unemployment insurance (UI) taxes are less widely understood but have important implications for the business climate in a state. A state’s performance on the
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On November 6th, Maine voters will decide whether to adopt new income and payroll taxes to fund a proposed Universal Home Care Program. Maine Question 1, the Payroll and Non-Wage Income Taxes for Home Care Program Initiative, would create three new taxes, each applying to income above Social Security’s Old-Age, Survivors, and Disability Insurance (OASDI)
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Ballot initiatives and referenda are often an afterthought on Election Day, but in many states, voters going to the polls on November 6th, 2018 will have the opportunity to weigh in on significant—in some cases, momentous—policy questions. For this reason, ballot issues merit taxpayer attention. While not a comprehensive list, this page seeks to highlight the
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Yesterday, the Institute on Taxation and Economic Policy (ITEP) issued the sixth edition of its “Who Pays?” report, which attempts to quantify the distributional impact of the tax codes of all 50 states and the District of Columbia. The publication’s “Inequality Index” is widely cited, particularly since many states which are widely touted as having
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