How Much Does Your State Collect in Sales…

This week’s state tax map examines state sales tax collections per capita. Forty-five states and the District of Columbia have state-levied sales taxes, while five states–Alaska, Delaware, Montana, New Hampshire, and Oregon–do not collect sales…

Corporate Income Tax Rates in Europe

All European countries tax corporate income. However, corporate income tax (CIT) rates differ substantially across countries, ranging from 9 percent in Hungary to 34.4 percent in France. Europe’s average CIT rate (22.5 percent) is slightly…

Snowed In? Here’s Your Adulting To-Do List

How’s this winter going for you? While we managed to only be grazed by the polar vortex last week here in North Carolina, somehow, someway, snow still found its way to us. And whenever it…

The Real Lesson of 70 Percent Tax Rates…

Key Findings Recent debates over income inequality have focused on the role of higher income tax rates during the 1930’s through the 1980s. Some assert these higher rates reduced income inequality, relative to today, when…

State and Local Sales Tax Rates, 2019

Key Findings Forty-five states and the District of Columbia collect statewide sales taxes. Local sales taxes are collected in 38 states. In some cases, they can rival or even exceed state rates. The five states…

What the U.S. Can Learn from the Adoption…

Recent discussions of a proposed wealth tax for the United States have included little information about trends in wealth taxation among other developed nations. However, those trends and the current state of wealth taxes in…

Implementing Phase Three of Individual Income Tax Cuts…

Yesterday, Governor Hutchinson and legislative leaders in Arkansas announced their final plan for restructuring Arkansas’s individual income tax brackets. After more than 18 months of study, the Arkansas General Assembly will consider the plan starting…