Tax Policy Center

Maryland

State and Local Issues: TaxVox
In a 5-4 decision, the U.S. Supreme Court ruled today that a Maryland law is unconstitutional because it allows residents only a partial tax credit for out-of-state income that is taxed in other states. The decision not only invalidates the Maryland law but may also limit similar taxes in New York
May 18, 2015Howard Gleckman
: TaxVox
The “doc fix” passes the House. The House overwhelmingly approved the Medicare “ doc fix ” to replace automatic payment cuts (that Congress has delayed every year since 2003) with a temporary 0.5 percent annual hike in physician reimbursements. But the bipartisan deal, which CBO figures would add $
March 27, 2015Renu Zaretsky
: TaxVox
The Rubio-Lee tax reform plan: Interesting, very expensive, and DOA. The GOP senators offer a framework for a huge tax cut that would add trillions to the debt over the next ten years while moving the revenue code towards a consumption tax. TPC did a preliminary analysis of an early version of the
March 5, 2015Renu Zaretsky
State and Local Issues: TaxVox
The siren song of retirement income free of state taxes continues to seduce politicians. No matter that there is little evidence that high taxes on pension income drive away seniors, or that few older people move from one state to another for any reason at all. No matter that tax-free retirement
March 4, 2015Howard Gleckman
: TaxVox
Shutdown, Omnibus Spending, Continuing Resolution : So many choices in the wake of an Executive Action. The newly emboldened GOP ( or is it? ) has several options when responding to last night’s executive order on immigration issued by President Obama. After its Thanksgiving break, Congress will
November 21, 2014Renu Zaretsky
: TaxVox
Can a state tax all of the income of its residents, wherever it is earned? The US Supreme Court heard oral arguments yesterday in Comptroller v. Wynne . A decision will answer whether residents of one state are liable for taxes on income earned in another state, even if that income has already been
November 13, 2014Renu Zaretsky
: Daily Deduction
Cyber Monday will live to hear another click. Speaker of the House John Boehner has at least temporarily killed the Marketplace Fairness Act. The bill, which would allow states to require out-of-state websites to collect Internet sales tax, passed the Senate last year with bipartisan support . Tax
November 12, 2014Renu Zaretsky