Many state governments facing budget crises are still trying outdated, proven-failed policy ideas such as higher taxes and increased government spending, hoping they’ll work this time, somehow. Instead, they should copy tried-and-true ideas for successfully attracting residents and fostering an economic environment in which people can prosper.
Tagged: income tax
In this edition of The Heartland Daily Podcast, managing editor Jesse Hathaway is joined by Tax Foundation policy analyst Jared Walczak. Walczak joins Hathaway to discuss the results of the 12th annual State Business Tax Climate Index report – A state-by-state, apples-to-apples comparison of states’ tax systems, the Climate Index helps Index helps lawmakers and taxpayers gauge how their states’ tax systems stack up against those in other states. Instead of just showing how much taxes each states collect from taxpayers, the Climate Index shows how well states’ tax collection systems are designed.
In today’s edition of The Heartland Daily Podcast, Managing Editor of Budget & Tax News Jesse Hathaway speaks with Jonathan Williams. Williams is the American Legislative Exchange Council’s (ALEC) Tax and Fiscal Policy Task Force Director. Williams and Hathaway discuss the newest findings in this year’s edition of Rich States, Poor States, authored by economist Dr. Arthur B. Laffer, Stephen Moore, chief economist at the Heritage Foundation, and Jonathan Williams, Vice President of the American Legislative Exchange Council’s Center for State Fiscal Reform.
April 15th is the day that every American is expected to have filed their federal income tax form. Some of us may have done it long before the deadline, some of us will wait until just before the stroke of midnight on April 15th, and some of us may be filing for extensions to defer the actual submission of the full set of income tax-related documents.
Gov. Bill Haslam proposes to expand Tennessee’s Medicaid program under the Affordable Care Act. The governor’s heart may be in the right place, and he may have persuaded himself that it’s better to accept federal funding for the expansion than leave it on the table, but Tennessee’s legislators and citizens shouldn’t make the same mistake.
America is supposed to be the land of the free, yet it is has one of the most vicious tax regimes in the rich world. Once blessed with comparatively low tax rates and levels of regulation, businesses and entrepreneurs flocked to the United States from the sclerotic systems of Europe (and elsewhere). Now American businesses are fleeing America’s shores and foreign-born entrepreneurs are less inclined to come at all.
The collecting of taxes is always a sticky subject for proponents of the free market to address. This is due to their natural tendency to spurn taxes in general. Yet, if change to the current unfair, prosperity-stifling tax regime is to occur, we need to offer a meaningful solution beyond the simple call to reduce taxes and spending (appealing as they might be). One solution that might go a long way toward improving how the government collects taxes is the Automated Payment Transaction Tax (APT tax).
Coming thirteen days after state and federal income tax returns were initially due, Tax Freedom Day, according to the Illinois Policy Institute’s Senior Budget and Tax Policy Analyst Benjamin VanMetre, marks the point in the year when Illinoisans have worked long and hard enough in the aggregate to cover their share of state, federal and local taxes “and can start keeping their hard-earned money.” About a third of Illinois residents’ efforts this year – 118 days’ worth out of the calendar year’s 365, in other words – went just to paying taxes.
With all the talk of America’s forgotten middle class, it’s worth taking time as we begin a new year to consider that the country’s seeming obsession with wealth and inequality may instead be turning the U. S. into a country with only two classes: the governed and the governing.
Although at first glance Nebraska’s tax system may appear competitive nationally, it lags behind its regional neighbors, who are its primary competitors for attracting new businesses to the state.
Dan Pilla, author of the Heartland-published Ten Principles of Federal Tax Policy, discusses the current tax system in the United States and how it does not follow any of the ten principles laid out in his book. Pilla is a taxpayer’s rights advocate and has defended countless tax payers against the IRS. He helps individuals and businesses who struggle with our tax problems, which are plentiful.
The clock is ticking. Hopefully politics won’t impede the way forward until such a time when this nation can no longer be rescued from it self-imposed downfall, precipitated by an all-powerful, reckless government whose goal it is to please what has become a nation of greedy, government-dependent Americans.
Standing by itself, Pilla’s Ten Principles of Federal Tax Policy is one in a series of eight other brief guides in Heartland’s Legislative Principles Series, each having its own set of principles central to its topic of debate.
The Heartland Institute’s author series hosted Dan Pilla, author of the Heartland-published Ten Principles of Federal Tax Policy on November 14. Pilla is a taxpayer’s rights advocate and has defended countless tax[…]
(Originally published at ClassicalPrinciples.com) Republican presidential candidate Herman Cain has done Republicans and the nation a great service by proposing major changes in the Byzantine way the US collects its[…]
The income tax in the U.S. is the most progressive among the developed countries. Who made it so? John Goodman and Michael Stroup tell you at Townhall. An excerpt: Barack[…]