Individual income tax indicates states’ business tax climate.
The Tax Foundation announces “Tax Freedom Day” every year to mark the date on which the average U.S. taxpayer has earned enough income to pay in full all federal, state and local taxes owed. The date this year is today, Friday, April 24, 2015. “Tax Freedom Day” is determined by taking the ratio of […]
Hillary Clinton made the news a week or so ago by saying the rich don’t pay their fair share of taxes, echoing statements President Obama has made since his presidential campaign. But the remedy they recommend is to raise income tax rates on high-income earners. That’s not taxing the rich, it’s taxing the productive. […]