In most states, groceries are exempt from general sales taxes. And among the 12 states that tax it, only Alabama and Mississippi levy their full tax rate without a credit or rebate.
The Internal Revenue Code generally does not refer to race or ethnicity, but federal income taxes may contribute to racial disparities when factors that affect...
Although the US tax code does not explicitly reference race or ethnicity, the federal income tax system contributes to racial disparities when factors that affect tax liabilities are correlated with race. This study is the first to use the Tax Policy Center’s microsimulation model—newly enhanced
In 2021, state and local governments collected $22 billion in total from government-owned liquor stores and alcohol sales and license taxes, or $67 per capita. Among states, it ranged from CO's and MO's $10 to NH's $599 per capita.
Congressional commissions generally serve one of two purposes. They either 1) provide political cover for lawmakers who want to achieve a goal but are afraid...
This public comment highlights the usefulness of the Survey of Income and Program Participation (SIPP) for analyzing family dynamics, income support, and income changes throughout the year and over longer time periods. If the Census Bureau follows through with a proposal to reduce the SIPP sample
After a bit of a delay, Treasury has proposed regulations outlining who in the cryptocurrency industry is a “broker” and hence obligated to provide the...