The headline read, “Hoosiers’ taxes rise as income goes down.” The story told of the Tax Foundation’s finding that Indiana taxes had increased from 8.4 percent of income in 2001 to 9.5 percent of income in 2011. Like many, I thought, “You've got to be kidding!”
INDIANAPOLIS | Indiana is poised to move up two spots on a widely watched ranking of state business tax climates, thanks to the corporate income tax cut and business personal property tax reforms signed into law last month by Gov. Mike Pence.
INDIANAPOLIS | Gov. Mike Pence is one of six Republicans to receive the Tax Foundation's first-ever award for outstanding achievement in state tax reform.
Economic developments in Northwest Indiana are paying off. The economy is, well, developing.
Indiana's per capita personal income is a measuring stick with which former Gov. Mitch Daniels wanted to evaluate his administration's effectiveness. Yet even Daniels, the fiscal reformer, was unable to reverse the dismal trend in which Indiana's personal income lags the nation.
Indiana ranked 10th nationally in business tax climate, giving the Lone Star State a big Texas-sized boot out of the top 10 for the first time, according to a new report.
Small business owners face lower tax bills in Indiana and Illinois than they would in more than half of all other states, according a recent study.
Hoosiers have the unique luxury of being the fiscal envy of the nation because of the sound policies of the last eight years. Rather than discussing which taxes to increase as they are in Kansas and other states, policymakers are talking about which tax to cut.
Popular perception to the contrary, Indiana is not a low-tax state. When you add up all the different taxes – property, sales and income assessed by federal, state or local government – we rank right in the middle.
At 3.4 percent, Indiana’s personal income tax is one of the nation’s lowest. A half dozen states, including Texas and Florida, don’t charge income tax at all; 41 states impose a rate higher than Indiana’s.
Any Democrat looking at either statewide office or the state Legislature needs to think twice before embracing Republican calls for yet more budget-busting cuts in corporate taxes as a way to spur job growth. The evidence is overwhelming that there are far better ways to make Indiana attract…
Northwest Indiana should seize the major economic development opportunity created by the prospect of a massive tax increase in Illinois.
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