Estate Tax Increases Fairness

The one tax that conservatives seem to hate more than any other is the estate tax. Before the significant estate tax relief enacted in 2014 is even fully phased-in, they want to cut the tax again. However, the estate tax is an effective way to prevent the accumulation...

How to Succeed in Tax Rankings Without Really Trying

The conservative Tax Foundation just released the 2017 version of its State Business Tax Climate Index (SBTCI) and once again, Minnesota is purportedly in terrible shape. Minnesota policymakers need only follow a simple strategy to improve its ranking on the SBTCI:...

The High Cost of Fully Exempting Social Security Benefits

Fully exempting Social Security from the state income tax will result in a rapidly escalating state revenue loss and will have consequences that violate several principles of good tax policy. These and other aspects of plans to exempt all Social Security benefits were...

Who Pays the “Fair Tax”?

The term “fair tax” refers to proposals to repeal individual and corporate income taxes and several other taxes and replace them with a broad-based sales tax. How will this tax impact taxpayers of differing incomes? As it turns out, the answer depends on how the fair...