Tax Foundation

Tax Foundation News

  • U.S. Residents Paid 9.8% of Their Income in State, Local Taxes

    U.S. residents paid 9.8 percent of their income in state and local taxes in 2011, a slight decrease from the 10.2 percent a year earlier, according to a Tax Foundation report.

  • Tennessee Sales Levy Highest at 9.5%, Tax Foundation Says

    Tennessee’s combined state and local sales tax rate of 9.45 percent is highest among the 50 U.S. states, according to the Washington-based Tax Foundation.

  • Californians Pay Most on Dividends, Tax Foundation Says

    One-third of income from personal dividends goes toward state and federal taxes in California, the highest rate in the U.S. and the sixth-highest in the industrialized world, according to the Tax Foundation.

  • Westchester’s Astorino to Challenge Cuomo for Governor

    Republican Rob Astorino, the top elected official in mostly Democratic Westchester County, a New York City suburb, said he will run against Governor Andrew Cuomo with a campaign focusing on taxes and corruption.

  • In Mississippi Vote, Pork Barrel Politics Is a Hard Sell

    There was a time when it was a good thing for a politician to bring home the bacon, or in the case of U.S. Senator Thad Cochran of Mississippi, the shrimp. In today’s divided Republican Party, it can get you in hot water.

  • Dayton’s Minnesota Thrives as Land of 10,000 Levies

    Almost two dozen states cut taxes last year, most in the belief that lower levies stimulate the economy. Not Minnesota, which raised them on high-wage earners, business sales taxes and cigarettes by $2.1 billion.

  • New Jersey Has Highest Combined U.S. Tax Burden, Study Says

    New Jersey residents have the highest state and local tax burden in the nation, a Tax Foundation study said today.

  • Corporate to Individual Rate Cuts Rely on Best Economies: Taxes

    To give the U.S. tax code a fresh look, Congress may rely on an old friend: budget gimmicks that include assumptions about economic growth that will help offset the effects of lowered rates.

  • Romney’s Rates Seen Spurring Growth Too Little Too Late

    Mitt Romney says his tax plan adds up. President Barack Obama says it doesn’t. They don’t even agree on what “add up” means.

  • Running The Numbers: 40.1%

    They love their deductions in Maryland: The state claims the highest percentage of income tax filers claiming the itemized deduction for charitable gifts on 2011 returns, according to The Tax Foundation. Maryland also stands out in tax matters for being one of just two states with both an inheritance and estate tax. The Tax Foundation found the next highest concentration of filers claiming the charitable deduction in New Jersey (36 percent) and Connecticut (35.9 percent). The lowest: West Virginia, at 13.3 percent. To see a state-by-state map, click here.

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