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In this issue: Tax advice for the new Congress; further decline in federally taxable estates; and more.
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Should South Carolina cut the income tax?; and more.
Facing a cloudy fiscal forecast, lawmakers in Michigan and Connecticut are poised to increase income taxes on upper-income families.But a similar plan in Minnesota has been vetoed by Governor Tim Pawlenty.
Amidst growing evidence that big oil companies aren't paying their fair state of corporate taxes, lawmakers in Wisconsin and Pennsylvania are proposing bold new ideas for a windfall profits tax on the oil industry. But will consumers get soaked?
In early debate, candidate Gresham Barrett sees tax reform as a goal. But what kind? Posted: February 1, 2010 Read more >>
The state Senate will debate repealing "point of sales" legislation this week. Posted: February 1, 2010 Read more >>
A new report estimates the cruise industry adds $3.5 million to SC coffers each year. Posted: February 1, 2010 Read more >>
Boston Globe Op-Ed make good points on federal budget deficit realities. Posted: February 1, 2010 Read more>>
Obama would allow $5,000 created for each job creation-- capped at $500K. Posted: February 1, 2010 Read more>>
The NY Times' Andrew Sorkin notes that NY Senators are caught between the president and Wall Street. Posted: February 1, 2010 Read more>>
It's the mother of all sales tax loopholes-- and it will take a coordinated effort by state and federal lawmakers to close it. Posted: April 3, 2007 Read more >>
What does "fairness" mean? What other principles should South Carolina policymakers be thinking of as they struggle with tax reform. Find out here. Posted: April 3, 2007 Read more >>
South Carolina's corporate income tax is in decline. Better disclosure of who's paying the tax--and who's not--could help diagnose the ailments of South Carolina's corporate taxes, Read more >>
Anti-tax advocates argue that South Carolina taxes are uncompetitive. But in fact, South Carolina taxes are well below the national average. Read more >>
Twenty states now allow an Earned Income Tax Credit (EITC) to provided targeted tax relief. Should South Carolina be next? Read more >>
South Carolina is one of a small group of states that provide special capital gains tax breaks that are unavailable to wage-earners. Is this tax break worth keeping? Read more >>
In more and more states, lawmakers are using cigarette tax hikes to fund everything from health care to education to smoking cessation. Is this a smart move for South Carolina? Read more >>