Wealth Taxes Reach the States
Listen now
Description
Since 2021, 43 states have provided substantial tax relief for taxpayers and businesses. But this year, a new trend has emerged in the opposite direction: a push for states to tax investment. From coordinated wealth tax proposals to higher capital gains income taxes, some state legislatures are going after high earners. Jared Walczak, V.P. of State Projects at the Tax Foundation, joins Jesse to discuss how these measures would affect investment, job creation, and migration between states—and why they’re happening now. Links: https://taxfoundation.org/state-wealth-tax-proposals/ https://taxfoundation.org/state-population-change-2022/ https://taxfoundation.org/2023-state-tax-changes/ Support the show
More Episodes
Join us on November 15th at 12:00 pm EST for our upcoming webinar as our experts seek to answer this question and provide insight on many more.Our experts will recap the election and provide insights on what to expect in 2025. We will also take some time to explore what US tax and trade policy...
Published 11/15/24
Published 11/15/24
Join hosts Kyle Hulehan and Erica York in this episode of The Deduction as they break down the US tax policy implications of Donald Trump’s next presidential term. With the GOP gaining control over the White House and likely both chambers of Congress, the discussion centers around potential...
Published 11/08/24