by Jane Richey | Dec 13, 2012 | Fiscal Responsibility, Politics
Pennsylvania would lose about $300 million in federal money starting in January, said Charles Zogby, Gov. Tom Corbett‘s budget secretary. “The potential impact of going over the ‘fiscal cliff,‘ on every state, is enormous,” Corbett told the Tribune-Review last week....
by Jane Richey | Nov 29, 2012 | Fiscal Responsibility
From the Tax Foundation: The average federal tax rate for all taxpayers rose slightly in 2010 to 11.81 percent, up from 11.06 percent the previous year. The tax rate paid by individuals with incomes in the top 1 percent averaged 23.39 percent, while all filers in...
by Jane Richey | Aug 6, 2012 | Fiscal Responsibility, Politics
Sales tax holidays are gimmicks used by the government for political gain and to distract from real tax reform, according to the Tax Foundation. A total of 17 states have held or will be holding sale tax holidays in 2012, which is 2 states fewer than the peak of 19 in...
by Jane Richey | Jul 9, 2012 | Constitutionally Limited Goverment, Free Markets
Best States for Business The Tax Foundation recently released their index of states providing the friendliest tax climates for business and states which need to work on their hospitality. Looking at five areas of taxation impacting business (corporate taxes,...