by taxPRO Websites Staff | Mar 4, 2020 | Tax Tips and News
Tax Policy – How Much Does Your State Collect in Corporate Income Taxes per Capita?
This week’s map compares corporate income tax collections per capita among the 50 states. The states with the highest collections are New Hampshire ($582), Massachusetts...
by taxPRO Websites Staff | Mar 3, 2020 | Tax Tips and News
Tax Policy – Massachusetts House Proposes Doubling Down on Worst Features of State Corporate Excise Tax to Fund Transportation
Massachusetts’ House of Representatives has proposed a transportation funding bill to be paid for, in part, by an unusual...
by taxPRO Websites Staff | Mar 3, 2020 | Tax Tips and News
Tax Policy – Your Tax Refund Doesn’t Tell You How Much You Paid in Taxes
Tax filing season brings up many questions for taxpayers, such as, “How big will my tax refund be?” or, “Will I have a balance due when I file taxes this year?” However, one of the...
by taxPRO Websites Staff | Mar 3, 2020 | Tax Tips and News
Tax Policy – Sports Betting Might Come to a State Near You
Since the Supreme Court’s 2018 decision in Murphy v. National Collegiate Athletic Association overturned the federal ban on sports betting, several states have legalized betting and introduced...
by taxPRO Websites Staff | Feb 27, 2020 | Tax Tips and News
Tax Policy – Reliance on Individual Income Tax Revenue in Europe
Today’s map shows the extent to which European countries rely on individual income tax revenue, measured as a share of total tax revenue. According to a recent report on tax revenue sources,...
by taxPRO Websites Staff | Feb 26, 2020 | Tax Tips and News
IRS Tax News – Supreme Court overturns consolidated group tax refund allocation rule
The U.S. Supreme Court struck down the Bob Richards rule for allocating tax refunds among members of a consolidated group, holding that state law is well equipped to...
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