Posts Tagged ‘Tax Foundation’

Tax Freedom Day Passes for Louisiana, but Ignores Federal Deficit

Tax Freedom Day Passes for Louisiana, but Ignores Federal Deficit

The Tax Foundation states that the 2011 Tax Freedom Day will fall on April 12th. However, if the federal government were to collect enough taxes to finance all of its spending – $1.48 trillion more in tax revenue – that would extend Tax Freedom day to May 23rd, the latest deficit-inclusive Tax Freedom Day since World War II.

Louisana’s Business Tax Climate Ranks Unfavorably

A report by the Tax Foundation on the State Business Tax Climate within states for FY 2010 shows Louisiana is losing ground. The state dropped two spots to 35th overall for FY 2010. The Tax foundation used 112 variables, grouped into five component indexes to measure the overall business tax climate within a state. These [...]

House Votes to Extend “Death Tax”

On December 3, 2009, the House of Representatives passed H.R. 4154, which extended the Estate Tax with a $3.5 million per person exemption. The Estate Tax is slated to be eliminated in 2010, and then return in 2011 under a higher rate and with a much lower exemption. If the Senate does not act on [...]