Tax Foundation
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https://taxfoundation.org/tax-newsletter 10-10-2008 18:13:37
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The latest IRS and Census data show that people and businesses favor states with low and structurally sound tax systems, which can impact the stateโs economic growth and governmental coffers. See county-level migration patterns in 2021-2022: hubs.ly/Q02NrH9x0 Andrey Yushkov
WW2 transformed the US tax code in several ways: how much revenue we raise, which taxes we collect, and how we collect them. Plus, accelerated depreciation's role in the defense buildup? From me Tax Foundation: taxfoundation.org/blog/world-warโฆ
The sales tax is the second-largest source of state tax revenue and an important source of local tax revenue, but decades of base erosion threaten the taxโs share of overall revenue and have prompted years of countervailing rate increases. hubs.ly/Q02NPQDy0 Jared Walczak
World War II shaped many aspects of the modern world, including the US tax code. But the dramatic changes to our system that military mobilization required didnโt subside when the fighting finished; theyโve persisted to today. Read more: hubs.ly/Q02NvKg70 via ๐ก TaxEDU
With Americans spending more on restaurant meals than ever before, meals taxes are attractive to policymakers for their revenue-generating quality. That, however, doesn't make them good policy. More here: hubs.ly/Q02NF0tn0 Andrey Yushkov #mealstaxes #taxes #economy
If lawmakers believe new revenues are essential to address the budget crisis or offset the cost of extending the TCJA, they must select the least harmful approaches to raising these funds to avoid hindering economic growth. Read more: hubs.ly/Q02NDX-p0 Scott Hodge
Exempting Social Security benefits from income tax would increase the budget deficit by about $1.6 trillion over 10 years and accelerate the insolvency of the Social Security and Medicare trust funds. hubs.ly/Q02NF3WT0 Garrett Watson