Scott’s Research
The Great Tax Divide: New Hampshire’s Retail Oasis vs. Maine’s Retail Desert
For those of you who may be wondering why my blog posts have been a bit irregular, you can blame my latest study: “The Great Tax Divide: New Hampshire’s Retail Oasis vs. Maine’s Retail Desert.” There are two versions of the study, one focused on Maine (published by The Maine Heritage Policy Center) and one [...]
Is it Really Just the Flat Tax versus the Fair Tax (Sales Tax)?
Dan Mitchell, with the CATO Institute, provides some reasons why he prefers the Flat Tax over the Fair Tax (sales tax) in this video: Unfortunately, the Fair tax has one glaring weakness in that a broad-based sales tax inevitably leads to tax pyramiding–the taxation of business-to-business transactions. Pyramiding leads to all kinds of distortions in [...]
Taxes Matter IX: U.S. Effective Corporate Tax Rate on Par with Uzbekistan
photo credit: upyernoz A distressing new study by well-respected Canadian tax economist–Duanjie Chen and Jack Mintz–for CATO found that the effective U.S. Corporate Tax was 34.6 percent in 2010 (pdf). The U.S. corporate rate is the 4th highest among all OECD countries and on par with Uzbekistan (34.9 percent). That’s what it says . . [...]
Landlords Get Caught in 1099 Dragnet
In my previous blog post, “Prepare for 900% Increase in 1099 Workload,” I estimated that the expanded requirements for filing a 1099 (on everything over $600 in value) could increase tax compliance as high as the estimated increase in revenue of $17 billion. So the economy would suffer a net loss of $34 billion ($17 [...]
New Hampshire House Passes Right-to-Work
The Union Leader, New Hampshire’s largest newspaper, is reporting that the New Hampshire House of Representatives has just passed a right-to-work bill 221 to 131. Currently, 22 states have right-to-work laws and none in New England so this is huge. Richard Vedder, the Edwin and Ruth Kennedy Distinguished Professor of Economics at Ohio University, has [...]
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