When property values soar, homeowners can end up paying significantly higher taxes for basically the same services. Thankfully, there is a solution.| Tax Foundation
The past four years have brought significant focus on state income tax reform and relief, and with that, something of a flat tax revolution.| Tax Foundation
With property tax bills on the rise, homeowners are searching for answers—and some even want to abolish the tax altogether. In this episode, we break down why property taxes are increasing, common but flawed solutions, and why the property tax remains an economically efficient revenue source.| Tax Foundation
Backfilling forgone local property tax revenue through new state taxes is difficult because it dramatically shifts overall tax burdens, undermines local accountability, and cannot easily adjust for changing population mixes.| Tax Foundation
Growing cigarette tax levels and differentials have made cigarette smuggling both a national problem and a lucrative criminal enterprise.| Tax Foundation
The economic literature overwhelmingly suggests that an income tax increase of this magnitude would negatively affect economic growth and opportunity in Rhode Island.| Tax Foundation
Many states regulate and tax legal marijuana sales and consumption, despite the ongoing federal prohibition. Explore the data here.| Tax Foundation
As the property tax debate continues in Kansas, two new proposals have emerged that are much better structured, and would be more effective, than the assessment limits. However, policymakers should consider additional modifications.| Tax Foundation