State Tax Posts

GOP-Trump Tax Framework Is a Big Tax Cut for the Wealthy, Leaving Little for Everyone Else

The tax framework released last week by President Trump and Republican congressional leaders would result in huge tax cuts for the wealthiest households, while offering little to middle- and lower-income families. In West Virginia, the richest one percent of residents would receive 39.1 percent of the tax cuts within the state under the framework in 2018, according to the Institute on Taxation and Economic Policy. These households, with incomes of at least $358,800, would receive an average tax cut of $27,800 in 2018.

Income Tax Cuts and Shifting to Sales Tax a Poor Strategy for Growing West Virginia's Economy

This West Virginia Center on Budget and Policy Issue Brief, Income Tax Cuts and Shifting to Sales Tax a Poor Strategy for Growing West Virginia’s Economy, released today details the impact of an elimination of the state’s income tax and outlines a tax reform strategy based on ability to pay. ...

West Virginia Taxes At a Glance

Throughout the next couple of months, WVCBP staff will talk to dozens of organizations across the state about West Virginia's fiscal condition: specifically how the state can fix its upcoming budget gap, estimated to be at least $300 million next year. Who pays taxes in West Virginia? What makes up...

Modernizing West Virginia’s Marijuana Laws: Potential Benefits of Decriminalization, Medical Marijuana and Legalization

Over the last two decades, states across the country have modernized their marijuana laws to reflect the growing evidence that doing so will help reduce criminal justice costs, help treat some medical conditions, and boost tax revenues and their state’s economy. As of 2016, four states and the District of...

Your Guide to the State Budget

T   The state budget directly affects everyone living in West Virginia. It is the one law that makes state government function. It defines how we plan to use our resources to do the things together that cannot be done alone, such as creating good schools for our children, protecting...

Ending Business Personal Property Tax Ineffective Way to Boost West Virginia Economy

  With tax reform on the West Virginia Legislature’s agenda, attention has once again turned to West Virginia’s business personal property tax. In October, the conservative anti-tax group The Tax Foundation testified to the Select Joint Committee on Tax Reform that moving away from the business personal property tax would...

Fast Facts: More Tax Cuts Not What West Virginia Needs to Grow Its Economy

Several years ago, West Virginia enacted a series of large business tax cuts with the belief that they would help grow the state’s economy. Today policymakers are promoting that same theory, even though the previous tax cuts have largely failed to put West Virginia on a path to prosperity, with...

A Tax Cut That Works for Working Families: A West Virginia Earned Income Tax Credit

Too many working families in West Virginia are paid low wages and have trouble making ends meet, with basic living expenses stretching family budgets beyond their limits. With tax overhaul a main topic in front of the legislature, a bottom-up tax cut like a state Earned Income Tax Credit that...

Business Tax Expenditures: Moving Toward Transparency and Accountability in West Virginia

On September 11, 2012, West Virginia Center on Budget and Policy Executive Director Ted Boettner presented at the WV Legislative Interims to the Joint Economic Development Commission regarding transparency and accountability of business tax incentives. Boettner found that West Virginia should take steps to help policymakers and the public know...

Major tax responsibilities of coal and natural gas producers in Wyoming and West Virginia

T his policy memo is a comparison of how West Virginia and Wyoming tax their mineral resources.  While there are similarities, there are also many differences. This paper continues the discussion of how states which are reliant on extractive industries can make policy decisions, like the creation of a permanent...

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