State Tax Policy: A Political PerspectiveState tax systems are in trouble. Revenue-collecting methods developed more than half a century ago are facing the strain of dealing with 21st century economies. Globalization and e-commerce are changing the way people work and purchase goods; devolution has steadily shifted responsibility from the federal government to the states; and tax incentives have become the weapon of choice in the battle to attract business investment. All this, in an environment where anti-tax messages have become a staple of political campaigns, has made creating tax policy more challenging than ever before. In this book, David Brunori analyzes these and other critical challenges facing state governments. He identifies the important issues, and examines possible solutions in formulating and implementing state tax policy. |
Contents
Acknowledgments | 1 |
Principles of Sound Tax Policy | 13 |
Interstate Competition for Economic Development | 31 |
Copyright | |
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antitax benefits billion budget business inputs campaign citizens collect companies consumption taxes corporate income tax corporate tax David Brunori direct democracy economic development electronic commerce enue estate tax example excise taxes exemptions fund gambling important impose increase individuals initiative and referendum interest interstate competition lawmakers legislators legislature levies lotteries ment Mikesell multistate NCSL nomic nontax revenue percent of total personal income tax policy issues policymakers political leaders problems property taxes public finance public services raise revenue regressive regressive taxes remote sales require revenue systems sales tax severance taxes significant sound tax policy source of revenue spending targeted tax incentives tax base tax breaks tax burdens tax competition tax cuts tax laws tax liability Tax Notes October tax politics tax rates tax reform tax revenue tax systems taxation taxpayers tion tobacco total state tax types of taxes U.S. Census Bureau unclaimed property Urban Institute Press vendor virtually Washington