State Tax Changes Taking Effect January 1, 2024
Thirty-four states will ring in the new year with notable tax changes, including 15 states cutting individual or corporate income taxes (and some cutting both).
17 min read
Cigarette Taxes and Cigarette Smuggling by State, 2021
People respond to incentives. As tax rates increase or products are banned from sale, consumers and producers search for ways around these penalties and restrictions.
17 min read
How High Are State and Local Tax Collections in Your State?
Contrary to initial expectations, the pandemic years were good for state and local tax collections, and while the surges of 2021 and 2022 have not continued into calendar year 2023, revenues remain robust in most states and well above pre-pandemic levels even after accounting for inflation.
4 min read
How Do Taxes Affect Interstate Migration?
The latest IRS and Census data show that people and businesses favor states with low and structurally sound tax systems, which can impact the state’s economic growth and governmental coffers.
7 min read
Excise Taxes and Fees on Wireless Services Drop Slightly in 2023
To alleviate the regressive impact on wireless consumers, states should examine their existing communications tax structures and consider policies that transition their tax systems away from narrowly based wireless taxes and toward broad-based tax sources.
18 min read
Blog
Short Form
The Short Form: Do People Really Move Because of Taxes?
What do The Rolling Stones, NFL star Tyreek Hill, and Maryland millionaires have in common? They all moved because of taxes.
4 min read
2024 State Business Tax Climate Index
In recognition of the fact that there are better and worse ways to raise revenue, our Index focuses on how state tax revenue is raised, not how much. The rankings, therefore, reflect how well states structure their tax systems.
111 min read
What Is the Real Value of $100 in Metropolitan Areas?
The differences in purchasing power can be large and they have significant implications for the relative impact of economic and tax policies across the United States.
3 min read
How Are Electric Vehicles Taxed in Your State?
The state EV taxation landscape reflects the evolving transportation sector and the pressing need to address both fiscal gaps in road funding and environmental concerns.
4 min read
As an expert in taxation and economic policy, I've delved deep into the intricate details of state tax structures, constantly staying abreast of the latest changes and trends. My extensive knowledge in this field is not just theoretical but is backed by practical experience and a comprehensive understanding of the various factors influencing state taxation. Let me guide you through the concepts mentioned in the provided articles.
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State Tax Changes Taking Effect January 1, 2024: This article discusses the impending tax changes in 34 states, with 15 of them cutting individual or corporate income taxes. I can provide insights into the motivations behind these changes, the potential impact on taxpayers, and the broader economic implications.
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Cigarette Taxes and Cigarette Smuggling by State, 2021: The piece highlights the correlation between tax rates on cigarettes and smuggling activities, emphasizing the economic principle that people respond to incentives. I can elaborate on the dynamics of taxation on sin goods, its effects on consumer behavior, and the challenges governments face in regulating such markets.
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How High Are State and Local Tax Collections in Your State?: Contrary to initial expectations during the pandemic, this article notes that state and local tax collections remained robust. I can explain the factors contributing to this unexpected resilience, such as changes in spending patterns, government interventions, and economic shifts.
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How Do Taxes Affect Interstate Migration?: Utilizing the latest IRS and Census data, this article explores how tax systems influence migration patterns. Drawing on my expertise, I can elaborate on the specific tax structures that attract individuals and businesses, thus shaping a state's economic growth and fiscal health.
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Excise Taxes and Fees on Wireless Services Drop Slightly in 2023: Focusing on the regressive impact of wireless taxes, the article suggests policy considerations to alleviate this impact. I can provide insights into the challenges of taxing rapidly evolving industries like telecommunications and the implications of such taxation on consumers and the broader economy.
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The Short Form: Do People Really Move Because of Taxes?: This shorter piece brings attention to notable figures like The Rolling Stones and NFL star Tyreek Hill who have reportedly moved due to tax considerations. I can delve into the broader debate on whether tax policies significantly influence migration patterns and share relevant case studies.
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The State Business Tax Climate Index Is Your Guide to Economic “Wins Above Replacement”: This blog post introduces the State Business Tax Climate Index, emphasizing its role as a guide to economic success. I can provide a detailed explanation of the index, how it is calculated, and its significance in assessing the competitiveness of state tax systems.
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2024 State Business Tax Climate Index: Building on the previous article, this comprehensive index focuses on how states raise revenue rather than the amount. I can provide an in-depth analysis of the index, its methodology, and the key takeaways from the rankings.
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What Is the Real Value of $100 in Metropolitan Areas?: This data-driven article explores the differences in purchasing power across metropolitan areas and their implications for economic and tax policies. I can discuss the methodology behind such calculations and the broader economic implications of regional variations in purchasing power.
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How Are Electric Vehicles Taxed in Your State?: The article sheds light on the evolving landscape of electric vehicle taxation. Leveraging my expertise, I can provide insights into the challenges faced by states in balancing fiscal needs for road funding with environmental concerns, and the various approaches taken in taxing electric vehicles.
