Tag Archives: New York

Eliminating State Income Taxes Could Spur Economic Growth

Eliminating State Income Taxes

While Washington continues to struggle with attempts at major changes to the federal tax system, individual states have no such problem.  Many states in the South and Midwest that have single-party legislatures and are Republican-controlled are seeking to do away with the tax filing of state income taxes in favor of higher and more diverse sales taxes.

With 37 of the 50 states having single-party control of the legislature and governorship, seemingly radical projects such as tax reform can be handled much easier than in states that struggle with the need for a middle ground … Read the rest

Why Are States Not Increasing The Cigarette Tax?

The Centers For Disease Control Says That States are Behind In Increasing the Cigarette Tax

One of the best ways to help cut smoking is by boosting cigarette prices. However, a CDC report indicates fewer states are doing that.

15 states in 2009 raised their excise taxes, but only 8 states in both 2011 and 2010 did the same. While New Hampshire decreased it. The report states that increasing the tax reduces overall demand and helps stop teen from beginning. Only 1 in 5 teens smoke, but there is a drop-off of the decline.

The report mentions that the national … Read the rest