Fiscal Federalism

Another Way the Empire [State] Can Strike Back

Or why states should tax Qualified Business Income

There has already been a fair amount written on how states can restructure their tax systems so as to retain the benefit of the state and local tax (SALT) deduction for…

I attempt a principled defense of the House approach to SALT repeal

(Spoiler Alert: I fail)

The tax reform plan that just passed the House of Representatives repeals the SALT deduction, except for $10,000 in property taxes. The Senate plan…