Archives For Tax Foundation

For the third year in a row, Wyoming has fostered the nation’s best business climate, thanks to low rates on corporate and personal income taxes made possible by a booming oil industry, according to a new report from the Tax Foundation.

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While tax breaks on various school supplies may be saving the consumer in the short term, skepticism still surrounds the large-scale economic implications of renewing these policies year after year.

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While some taxes get more attention than they deserve, others fly totally under the radar.

The wireless tax is one of them and the mobile industry isn’t happy about it. As seen in a previous infographic which we posted, I bet you didn’t know wireless taxes grew 4X faster than general sales tax has in the last decade. Continue Reading…

“This is an invisible tax that consumers don’t know they’re paying,” Beer Institute President Joe McClain said in a March 2013 audio interview posted on the group’s website. “The people who enjoy beer the most, those middle-class Americans, are feeling the bite of that tax more.” Continue Reading…

Tax-related issues took center stage in 2012. Between the drawn-out fiscal cliff negotiations, Romney’s 47% comment, the persistence of the Occupy movement, updated rules from the IRS and the presidential election, there was no shortage of tax talk. The talk becomes reality for Americans tomorrow (Jan. 30, 2013), when the IRS officially begins the 2012 tax filing season. In this post, we outline the highlights, predictions, changes, opinions and other worthy information on the 2012 tax filing season.

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