by Dan Mitchell | Jun 4, 2022 | Blogs, States, Tax Competition, Taxation
I’ve already shared the “feel-good story” for 2022, so today I’m going to share this year’s feel-good map. Courtesy of the Tax Foundation, here are the states that have lowered personal income tax rates and/or corporate income tax rates in 2021 and 2022....
by Dan Mitchell | May 5, 2022 | Blogs, Flat Tax, Taxation
About 14 years ago, I narrated this video about the flat tax and national sales tax (sometimes referred to as a “Fair Tax”). I used the video as an opportunity to explain that both plans effectively rip up the current internal revenue code. And both would solve...
by Dan Mitchell | Feb 27, 2022 | Blogs, Flat Tax, Taxation
At the state level, we have another victory for good tax policy. I wrote last month that Iowa might replace its discriminatory tax regime with a simple and fair flat tax. And I pointed out that this reform would help the state jump several spots in...
by Dan Mitchell | Jan 18, 2022 | Blogs, Taxation
I wrote last year about an encouraging trend of lower tax rates at the state level. As you can see from this map, one of the states moving in the right direction is Iowa. But Governor Kim Reynolds isn’t satisfied with just lowering tax rates, which is a...
by Dan Mitchell | Nov 22, 2021 | Blogs, States, Tax Competition, Taxation
Motivated in part by an excellent graphic that I shared in 2016, I put together a five-column ranking of state personal income tax systems in 2018. Given some changes that have since occurred, it’s time for a new version. The first two columns are self...
