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Income Archive

DC Income Tax Hike Helps Maryland and Virginia, Not DC

TweetShareSharePin0 Shares The District of Columbia weathered the pandemic with stable tax collections, down less than 1 percent in FY 2020 while recovering above pre-pandemic levels in FY 2021. Yet, even as lawmakers in eleven states have cut income taxes this year, the D.C. Council has responded to surpluses and growth by voting to include

North Carolina Income Tax Reform & Proposals

TweetShareSharePin0 Shares Eleven states have enacted laws this year to reduce income tax rates, in most cases paired with other structurally sound tax reforms. If North Carolina state senators get their way, their state will be the twelfth—and perhaps the most significant to date. On June 10, 2021, the North Carolina Senate passed House Bill

2021 State Income Tax Cuts

TweetShareSharePin0 Shares Trend: States Reform Income Taxes To Provide Relief And Remain Competitive Key Findings As states close their books for fiscal year 2021, many have much more revenue on hand than they anticipated last year. In 2021, 11 states have enacted laws to reduce their income tax rates, with 10 reducing individual income tax

Federal Individual Income Tax Treatment of Dividends

TweetShareSharePin0 SharesThe Tax Foundation functions tough to offer informative tax obligation plan evaluation. Our job depends on assistance from participants of the public like you. We function hard to make our evaluation as helpful as feasible. The Tax Foundation functions tough to offer informative tax obligation plan evaluation. Our job depends on assistance from participants

New Hampshire No Income Tax Proposal

TweetShareSharePin0 Shares On Thursday, New Hampshire lawmakers are scheduled to take up a budget conference report which contains several tax reforms negotiated by both chambers that would ultimately make New Hampshire the ninth state to impose no tax on individual income. These reforms floated at the beginning of the 2021 session found their way into
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