Tax
Arizona Proposition 208 Threatens Arizona’s Status as a Destination for Interstate Migration
Next month, Arizona voters will decide whether to create a new fifth income tax bracket that would raise the top rate from 4.5 percent to 8 percent. Proposition 208 would create an additional 3.5 percent tax on income above $250,000 ($500,000 for joint filers) to generate additional revenue for education. The tax would be levied…
Read MoreTax Fairness: President Trump, A Case Study
Yesterday, I testified before the Ways and Means Subcommittee on Oversight on “tax fairness,” and the hearing spotlighted the reporting of new details on President…
Read MoreInternational Tax Competitiveness Index 2020
Launch Interactive Tool Note: Each year we review and improve the methodology of the Index. For that reason, prior editions are not comparable to the results in this 2020 edition. All data and methodological notes are accessible in our GitHub repository. Introduction The structure of a country’s tax code is an important determinant of its economic…
Read MorePillars, Blueprints, an Impact Assessment, and Construction Delays
Monday, the OECD released blueprints for proposals on changing international tax rules alongside an impact assessment based on the overall design of the proposals. While the blueprints cover proposals both for changing where large multinationals owe corporate tax and designing a global minimum tax, there are still many unanswered questions. The OECD has been working…
Read MoreCOVID-19 Is Changing The Labor Market. Tax Policy Must Change Along With It.
The coronavirus recession has dealt a devastating blow to millions of US workers, with consequences that could persist for years. As the public health crisis…
Read MoreTax Modernization: A Key to Economic Recovery and Growth in Nebraska
[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. The COVID-19 pandemic and associated economic fallout have shed light on structural deficiencies in states’ tax codes, including narrow-based sales taxes…
Read MoreA Close Look at Joe Biden’s Social Security Proposals
My Urban Institute colleagues Karen Smith, Richard Johnson, and I recently compared Social Security proposals advanced by Democratic presidential nominee Joe Biden and four of…
Read MoreIt’s Not News That Congress’s Budget Process Is A Wreck, But It Should Be
On September 30, President Trump held a fundraiser in St. Paul MN, an event that received a lot of attention because he participated even after…
Read MoreCarbon Taxes in Europe
In recent years, several countries have taken measures to reduce carbon emissions using environmental regulations, emissions trading systems (ETS), and carbon taxes. In 1990, Finland was the world’s first country to introduce a carbon tax. Since then, 16 European countries have followed, implementing carbon taxes that range from less than €1 per metric ton of…
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