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Chicago Fed Letter: State and Local Business Taxation: Is There a Better Way?, No. 209a
| Content Provider | Semantic Scholar |
|---|---|
| Copyright Year | 2004 |
| Abstract | Businesses paid $404 billion in state and local taxes in fiscal 2003, accounting for 43% of state and local tax receipts. In welcoming remarks, Charlie Evans, Chicago Fed senior vice president and director of research, provided the following description from a mid-twentieth century article on business taxation: “At best it is the disordered product of fiscal expediency and piecemeal legislation—a more or less accidental conglomeration of tax laws, enacted at different times and applied to different businesses or different attributes of the same business, according to the exigencies of the moment.” Evans noted that although this article was written in 1940, one could argue that the description still applies today. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://fraser.stlouisfed.org/files/docs/historical/frbchi/fedletter/frbchi_fedletter_2004_209a.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
