Creating different incentives, the variety among state taxes includes some with no income tax, others with sales taxes and some with severance taxes.
When is a Tax Credit Like a Groupon Coupon?
States should use cost benefit analysis more so to assess economic development tax incentives like tax credits that target film and TV producers.
Income Tax History: Timeless Issues
In 1789, Benjamin Franklin said that “…in this world nothing is certain but death and taxes.” With taxes, we can also be certain that the system will be complex and people will question its fairness. Complexity: Because professional athletes pay…
Election Economics: Tax Matters
The candidates agree that tax proposals need to focus on reducing the deficit and on government spending. After that, the divide on tax policy is considerable. To narrow the gap between revenue and spending, President Obama supports a higher tax…
An Optional Income Tax
What if you could decide whether to pay an income tax? Boston University economist Laurence Kotlikoff has a plan that gives us a choice. His basic message, though, is that Congress had better start to think creatively because our current…
