The incompetent Gov. Dannel Malloy of Connecticut is providing taxpayer money, to the tune of $22 million, to keep Ray Dalio’s Bridgewater hedge fund headquartered in the state. This is the same Ray Dalio who was paid $3.9 billion in 2011 alone. Are you kidding me? This is what happens when the 2 and 20 gang teams […]
Retirement State: Which States have the Highest Estate or Inheritance Tax?
There’s a lot of reasons for New Englanders to retire to Florida or New Hampshire. From the Tax Foundation: In addition to the federal estate tax of 40 percent (which is fourth highest in the OECD), many U.S. states levy their own estate and inheritance taxes. Estate taxes are charged against the estate regardless of who […]
Dan Mitchell: Lessons from State Tax Policy
Here Dan Mitchell of the Cato Institute discusses why some states deserve kudos for their tax policies, and some states deserve mockery. Just like with nations, there are many factors that determine whether a state is hindering or enabling economic growth. But I’m very drawn to one variable, which is whether there’s a state income […]
3 Million Tax Army Zombies
Happy April 15th. Another dreadful tax filing is behind us. What an energy sapping, demoralizing process. You’re literally penalized for your success. “[F]ederal tax-code compliance overall consumes more than 6 billion hours of time each year, which is like having a “tax army” of 3 million people just filling out tax returns year-round,” writes my friend Chris […]
Taxes: How does Your State Stack Up?
The Tax Foundation releases a bunch of great reports each year on the differences in state taxation. Finding out where your state ranks can be encouraging, or depressing depending on your local politics. Recently, the Tax Foundation released a great compilation of many of its reports. The Facts & Figures 2016: How Does Your State […]
VIDEO: Bernie Sanders’ Tax Plan
Here Chris Edwards discusses Bernie Sanders’ tax plan on The Blaze’s The Glenn Beck Program.
How High are Income Tax Rates in Your State?
The Tax Foundation has released its annual review of income tax rates among the states. There were some big changes in a few states, and overall they were business friendly tax reductions. The Tax Foundation’s Nicole Kaeding writes: Several states changed key features of their individual income tax codes between 2015 and 2016. These changes include: Arkansas […]
Trouble Reaching the IRS? Blame Obamacare
IRS Commissioner John Koskinen told a House Appropriations Committee panel yesterday that the IRS couldn’t properly fund taxpayer services because it needed money Congress had allocated for that purpose to instead fund its newly mandated Obamacare workload. Rudy Takala noted in The Washington Examiner that: More than eight million phone calls to the agency’s customer service line […]
Surprising Progress made in the Fight for Tax Reform
Here’s some pro-growth tax reform that businesses can work with. The Tax Foundation has identified America’s best tax reformers of 2015 and honored them with the foundation’s Outstanding Achievement in State Tax Reform. This year’s honorees are: This year, we honor ten individuals from five states with our award for Outstanding Achievement in State Tax Reform […]
Corporate Tax Freedom
You get a real clear picture looking at this map (from the Tax Foundation) on corporate income tax rates by state as to why so many businesses are moving, for example, from California to Austin, Texas. Businesses go to where they’re well-treated. For start-ups, meaning entrepreneurs, that means moving from state to state. For global players […]
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