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A growing number of blue cities and states across the country, from Washington state to Rhode Island, are looking at ways to wring more revenue from their richest taxpayers.
The Trump megabill delivers a trillion-dollar windfall to the richest 1% while stripping billions in federal funding from ...
Progressive organizations note that relatively brief exemption periods, usually limited to a week or even just a weekend, deliver extremely modest relief to consumers, often helping poor households ...
The rich will get richer from President Donald Trump’s Big Beautiful Bill’s tax provisions – but California’s millionaires won’t get as much of a benefit as their counterparts in most other states.
Estate and inheritance taxes are taxes on wealth passed on after someone’s death. They are a common way for states to tax the inheritances of wealthy individuals. These taxes ensure that those very ...
A Tax and Expenditure Limit (TEL) is a formula written into state law or into a state constitution that constrains government revenue and spending. These measures can undermine governmental ...
Almost one in five US tax dollars is collected by a local government, and taxes are the primary way local services are financed, although aid from federal and state governments is also a major revenue ...
Payment in Lieu of Taxes (PILT or PILOT) programs allow local governments to collect revenue from nonprofits that otherwise would not be contributing to the cost of providing local services. Every ...
The personal income tax funds public education, health care, public safety, and other public services provided by state and local governments. If well-designed, it is the fairest major revenue source ...
State and local taxes exist primarily to fund schools, roads, health care, and other services needed for communities to thrive. There are multiple ways to achieve this goal, so it can be helpful to ...
To reduce the cost of property taxes for homeowners and renters, many places offer homestead exemptions, circuit breakers, and deferrals. Such provisions are more cost-effective alternatives to broad ...
Most states use the federal tax code as a starting point for their calculations of state personal income taxes, corporate income taxes, and estate taxes. Changes to the federal code and federal tax ...
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