海角大神

Congress is not quite 鈥渞eady for some football.鈥澛�With trouble in the Middle East, an Ebola outbreak in Africa, and mid-term elections, the National Football League鈥檚 tax-exempt status is not high on the Congressional to-do list.聽聽from trying to repeal it. Washington Democrat聽聽since the Washington Redskins refuse to change their name. New Jersey Democrat聽聽targets the NFL鈥檚 level of response to domestic violence charges against players.

Pennsylvania edges closer to eliminating its school property taxes.聽The state鈥檚 Senate Finance Committee聽聽school property taxes. Those taxes would be replaced with $13 billion in additional state sales and income taxes. Two-thirds would come from raising the sales tax rate from 6 percent to 7 percent and applying the levy to more goods and services. The measure would hike the income tax rate from 3.07 to 4.34 percent. 础听聽has not moved forward in the state鈥檚 House.

State tax breaks: Could money be better spent?聽础听聽by Jeremy Horpedahl for George Mason University鈥檚 Mercatus Center finds that state tax breaks cost $432 billion a year. Horpedahl provides a case study of Nebraska that spends about $2 billion a year on tax subsidies of all kinds. If the preferences such as sales tax exemptions and some income tax deductions were eliminated and overall tax rates聽 lowered, Horpedahl estimates the average family would keep an extra $3,200 a year. The paper, however, does not attempt to calculate the distributional effects of such a change.

Federal taxpayers might have a little more money next year.聽Thanks to聽,听if a taxpayer鈥檚 income stays the same, he or she may聽聽in 2015.

Interested in subscribing to聽, the Tax Policy Center summary of the day鈥檚 tax news? Sign-up聽聽for free access. If you鈥檇 like to tell us about a new research paper or have any comments about our new feature, write us at聽dailydeduction@taxpolicycenter.org.

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