Taxes: Income

Taxes: Income

The income tax has been the primary means of funding the federal government since 1913 when the 16th Amendment to the Constitution was adopted. It is a progressive tax on individual and corporate income, based on income levels.  43 states impose an income tax on individuals, while 47 states impose a tax on the income of corporations. Many municipalities and counties also levy income taxes on their residents.

Commentary

Chamber of Commerce, Wrong Again

May 19, 2011
Taxes and the wealthy

Will Higher Taxes on the Rich Kill Jobs?

December 01, 2010

Cry Wolf Quotes

The bottom line is the unions bought the election. It's going to be a sadder day as more businesses leave the state and more don't want to come here.

-
State Republican Chairman Bob Tiernan.

[The voters] will remember who let loose this deadly virus into our economic bloodstream.

-
Rep. Robert Michel (R-IL), The Los Angeles Times.

The state of Washington has no income tax. Its unemployment rate is 20 percent lower than Oregon's -- before [Ballot Measures] 66 and 67. These measures would give Oregon the highest income tax rates in the country….Reputable economists forecast 66 and 67 will cost the state thousands -- maybe tens of thousands -- of jobs, and that thousands of our most successful residents will leave the state.

-
Phil Knight, co-founder and chairman of Nike Inc, Oregon. Com.

This is the largest tax increase in American history….the looming tax hike will make it harder for small businesses to keep their doors open. These are not only the people who create jobs, but not only that, they represent the spirit of America.

-
The Glenn Beck Show, Fox News.

Evidence

Backgrounders & Briefs

Taxes Not Seen as Making the Rich Flee New York

Almost everyone agrees that raising taxes on the rich does not induce mass upper-class migration. 

Resources

The Center on Budget and Policy Priorities (CBPP) is a think tank focused on tax and fiscal policy. They provide in-depth analysis of state issues.

Citizens for Tax Justice is an organization that represents low and middle income citizens in the tax debates on Capitol Hill.