TaxConnex
JUNE 9, 2022
States’ sales taxes account for almost 30% of state tax revenue, but most sales taxes are imposed on narrow and still-narrowing bases, according to a new report from the Tax Foundation. Sales taxes have become less neutral, less equitable, and less economically efficient over time,” the Foundation said.
ThomsonReuters
FEBRUARY 1, 2021
States like California, Hawaii and Nevada registered unemployment rates at or above 9% in December 2020 and throughout the pandemic many other states suffered record-high unemployment rates rendering the state’s unemployment trust fund insolvent.
ThomsonReuters
FEBRUARY 15, 2023
property taxes, which help fund roads, schools, emergency medical services, and other services, are a vital source of revenue for state and local governments. Property tax rates vary greatly among states and localities and can have a major impact on business investments and where people decide to live.
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