February 2, 2023 11:00 am Published by prismatax Note: The following is Tax Foundation testimony submitted to the Nebraska Revenue Committee ahead of the hearing on LB754 on... View Article
February 1, 2023 7:50 pm Published by prismatax Forty-three states adopted tax relief in 2021 or 2022—often in both years—and of those, 21 cut state income tax rates.... View Article
January 31, 2023 11:00 am Published by prismatax More than 170 countries worldwide—including all European countries—levy a Value-Added Tax (VAT) on goods and services. As today’s tax map... View Article
January 26, 2023 8:01 pm Published by prismatax The rate of inflation has slowed markedly in recent months, even declining slightly in December—but at year’s end, prices were... View Article
January 26, 2023 11:00 am Published by prismatax New Internal Revenue Service (IRS) data on individual income taxes for tax year 2020 shows the federal income tax system... View Article
January 25, 2023 7:16 pm Published by prismatax The FairTax is a proposal to replace all major sources of the federal government’s revenue—the individual income tax, corporate income... View Article
January 24, 2023 7:21 pm Published by prismatax New York Governor Kathy Hochul (D) has her sights trained on tobacco. Earlier this month, she proposed increasing the New York... View Article
January 24, 2023 11:35 am Published by prismatax Key Findings Forty-four states levy a corporate income tax. Rates range from 2.5 percent in North Carolina to 11.5 percent... View Article
January 23, 2023 9:48 pm Published by prismatax Last week, the Organisation for Economic Co-operation and Development (OECD) released new revenue estimates for the global minimum tax and... View Article
January 23, 2023 7:06 pm Published by prismatax Heading into the 2011 elections, only two of West Virginia’s 34 state senators were Republicans. Today, only three of them... View Article