Showing posts with label tax. Show all posts
Showing posts with label tax. Show all posts

Sunday, December 07, 2014

Tax Friendliness v. Tax Subsidy

2 maps with an iteresting contrast. One rates states tax friendliness for small businesses & the other shows the donor & receiver states in relation to how much they send to DC as opposed to how much they get back.
Amazingly, a lot of the states that get back more than they put in have friendlier tax rates than the states who subsidize them. A lot of the 'friendlier' states have low population density hence loess infrastructure to maintain and, obviously fewer people to support the small businesses.

More on tax friendliness here

More on donor & reciever states here

Tuesday, May 20, 2014

This is what I'm Talking about

Romania's prime minister is looking at eliminating and merging 92 taxes and fees. While the overall cost to the taxpayer & the revenue collected by the state won't change much the accounting & time wasted dealing with all the individual charges will be vastly reduced saving the citizens time, money and promoting more investment which should generate more revenue for the state.
When people whine about the American corporate tax rate, they ignore the fact that the USA has fewer taxes than most countries. The USA overall tax rate is actually very competitive but it's still mired by bureaucracy that stifles investment.
Increasing and creating new fees, as Cincinnati's Mayor John Cranley has proposed, is absolutely the wrong way to go.