This report explains what capital gains are, how they are treated for tax purposes, and who typically receives them. It also details the consequences of providing preferential tax treatment for…
I am here today to offer testimony on House Bill 642, which was introduced by Representative Jessie Osborne earlier this year and which would improve New Hampshire’s tax system, both…
My testimony today focuses on one bill introduced in the Missouri House of Representatives: HB 567, which concerns reforming the state’s individual income tax structure. In particular, my testimony will…
We appreciate the opportunity to submit comments on ways to improve Minnesota’s business climate. Historically, Minnesota has ranked above the national average in terms of many economic and social indicators.…
Data released late last week by the Internal Revenue Service (IRS) indicate that 10 states have greater concentrations of reported income among their very wealthiest residents than the country as…
Louisiana lawmakers are in what appears to be an enviable position. At a time when legislators in many other states face daunting budget shortfalls, Louisiana enjoys a projected short-term budget…
On Wednesday, May 14, 2008, the House Ways and Means Committee approved SB 87, a measure originally sponsored by Senator Buddy Shaw and now backed by Governor Bobby Jindal. The…
Over the past few months, a strong consensus appears to have developed here in Massachusetts, a consensus that the Commonwealth should put a stop to tax avoidance by large and…
The tax plan approved by the Maryland General Assembly on Monday will help provide the revenue necessary to fund vital public services in Maryland, but, according to the latest analysis…
A new analysis of the tax legislation approved by the Senate Budget and Taxation Committee on Tuesday shows that the Senate’s tax changes would impose the largest tax hikes, as…