No Need for the MythBusters, the Millionaire Tax Flight Myth is Busted Again
Greek mythology is meant to help us understand an unexplainable phenomenon, but not every myth in today’s world should be trusted to explain social trends. One of the most repeated myths in state tax...
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Fairness Matters: A Chart Book on Who Pays State and Local Taxes
Read as PDF Jump to Charts Overview There is significant room for improvement in state and local tax codes. State tax codes are filled with top-heavy exemptions and deductions and often fail to tax...
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State and Local Lessons on Tax Day 2021
Much like every day is Mother’s Day or Father’s Day, when you’re a tax institute, every day is truly Tax Day. But for the rest of America, with Tax Day landing in the middle of May this year, it feels...
View ArticleState-by-State Tax Expenditure Reports
Below is a list of tax expenditure reports published in the states: Alabama Report on Alabama Tax Expenditures Report on Alabama Tax Expenditures (2021 and earlier) Alaska Revenue Sources Book Arizona...
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More States are Boosting Economic Security with Child Tax Credits in 2022
Read as PDF Child Tax Credits (CTCs) are a highly effective tool that states can employ to bolster the economic security of low- and middle-income families and position the next generation for success....
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Boosting Incomes and Improving Tax Equity with State Earned Income Tax...
Read as PDF The Earned Income Tax Credit (EITC) boosts low-paid workers’ incomes and offsets some of the taxes they pay, providing the opportunity for lower-income families to move toward meaningful...
View ArticleThe Pitfalls of Flat Income Taxes
While most states have a graduated rate income tax, some state lawmakers have recently become enamored with the idea of moving toward flat rate taxes instead. What’s the difference? And are states well...
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State Income Tax Subsidies for Seniors
Key findings ● Every state with a personal income tax offers tax subsidies for seniors that are unavailable to younger taxpayers. The best academic research suggests that the median state asks senior...
View Article8 Things to Know About State Taxes
As Tax Day approaches, it’s worth thinking about not only the taxes that we individually pay but the overall condition of our tax code as well. State tax codes, while perhaps less discussed than the...
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How is Adult-Use Cannabis Taxed in Your State?
Twenty states have legalized the sale of cannabis for general adult use, and sales are already underway in 19 of those states. Every state allowing legal sales applies an excise tax to cannabis based...
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