Taxes are generally distortionary. That is the cost to individuals in our economy of collecting a dollar of tax revenue exceeds the tax revenue that is collected because people change their behavior in response to price changes that are caused by the tax. The marginal excess burden of raising a dollar of tax revenue is […]
In this article, first published in State Tax Notes in 2011, Alan Viard, a serious scholar of tax policy, argues for the important tax policy principle of neutrality between consumer purchases of goods and services. This article is required reading for any serious student of state tax policy. Here are some highlights of Viard’s economic […]
By John Spry St. Paul Pioneer Press (MN) – Sunday April 1, 2012 The United States now has the highest statutory corporate income tax rate in the industrialized world since Japan, as of April 1, has cut its rate to 35 percent. That’s not an April Fool’s Day joke, but it is a foolish tax […]