The Heartland Institute

Corporate Income Taxes Problem All 50 states currently have a higher combined federal and state corporate tax rate than France, whose rate is third-highest among OECD countries 1. Although corporate income taxes make up a fairly minor part of state tax revenue, they have a harmful impact on economic behavior. Nonetheless, many ...

Myth 1: A tax on Internet sales just enables states to collect taxes they are already legally entitled to collect. Fact: A state is not legally entitled to collect taxes from Internet sellers with no physical presence in that state. In Quill Corp. v. North Dakota, the U.S. Supreme Court ruled in 1992 that a mail-order or ...

Problem States across the country continue to struggle with balancing their budgets as a result of increasing spending and a lagging economy. Many states also have accumulated massive amounts of debt that taxpayers will have to pay due to years of overspending combined with state employee pensions and benefits. Thirty-one states ...

Texas state spending rose 310% between 1990 and 2012, while population growth plus inflation totaled only 132%.Looking to the future, Texas is faced with additional demands on general revenue spending of at least $4 billion in 2013and $10 billion in 2014-15. Texas has been the nation’s leading job creator for more than a decade ...