State and local governments generally levy different taxes. In FY 2021, states collected most sales tax and individual income tax revenue, whereas localities collected nearly all property tax revenue.
Investing in children and supporting the wages of working people—which have been stagnant for the past half century—are critical components in equitable and sustainable economic growth. Two options to achieve this are a fully refundable child tax credit, as implemented temporarily in 2021, and a
There is substantial evidence that income inequality in America rose throughout the late 20 th and early 21 st centuries. Influential research by Thomas Piketty,...
The NCAA’s proposal to allow big-time university and college sports programs to pay salaries to their athletes has me wondering what it will take for...
Number of tax returns, amount of foreign, general business, and minimum tax credits, and total income tax before and after tax credits of active corporations, by industry.
In 2021, state and local governments collected $59 per capita from taxes on cigarettes and related tobacco products. In real dollars, that is down from a recent peak of $71 in 2009.
Monumental Sports CEO Ted Leonsis, owner of the Capitals and Wizards, recently joined Virginia Gov. Glenn Youngkin (R) to unveil their economic development plan for...
For the past ten years, I’ve been a sole proprietor who pays taxes using personal income tax returns. I’d never considered establishing an LLC (limited liability company). Should I?