Jared Walczak
Tax Foundation
Washington, DC, United States
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Past articles by Jared:
Oklahoma Should Prioritize Pro-Growth Relief, Not Gimmicky Rebate Checks
If Sooner State policymakers want to use a portion of their higher revenues to make the economy work better for all Oklahomans, they should consider repealing the franchise tax, trimming the income tax, or both—paired, if desired, with targeted aid to those in the greatest need—not writing a single round of gimmicky checks. → Read More
Are Tax Rebates a Good Way to Provide Relief from Rising Prices?
States are flush with cash, but taxpayers’ purchasing power is being eroded by high inflation. Tax rebates, gas tax holidays, and other temporary tax expedients have the potential to add to existing inflation—but good intentions do not always make for good policy. → Read More
Florida Gas Tax Holiday Has Negligible Benefits—But Other States Seem Ready to Follow
Lawmakers understandably want to be responsive to the pain at the pump, and most states have revenue to spare. But there are far better ways to provide tax relief—short- or long-term—than an inefficient gas tax giveaway. → Read More
Americans Moved to Low-Tax States in 2021
The pandemic has accelerated changes in the way we live and work, making it far easier for people to move—and they have. As states work to maintain their competitive advantage, they should pay attention to where people are moving, and try to understand why. → Read More
Traveling for the Holidays? States Would Like the Gift of Taxes
In most states, you don’t have to visit for long before you start accruing tax liability. → Read More
As Inflation Rises, So Will Tax Bills in Many States
Inflation is often called a hidden tax, but in many states it yields a far more literal tax increase as tax brackets fail to adjust for changes in consumer purchasing power. → Read More
Three Issues with Proposed Regulations for Maryland’s Digital Advertising Tax
Earlier this year, Maryland legislators overrode Governor Larry Hogan’s (R) veto of HB732, approving a digital advertising tax, the first of its kind in the country. But legislators punted several crucial questions to the state comptroller, who last week submitted proposed regulations for the digital advertising tax to the state Joint Committee on Administrative, Executive, and Legislative… → Read More
D.C.’s Income Tax Hike Helps Maryland and Virginia, Not D.C.
Even as lawmakers in eleven states have cut income taxes this year, the D.C. Council has responded to surpluses and growth by voting to include substantial income tax increases in the budget. → Read More
Tax Foundation Comment on Treasury’s State Tax Cuts Limitation Rule
The Tax Foundation recently submitted regulatory comment on the U.S. Treasury's state tax cuts limitation rule, highlighting three areas of concern and suggesting revisions to the rule. → Read More
What Location Matters Can Tell Us About State Tax Competitiveness
Explore Location Matters, a comparative corporate tax burden study by state and firm type (mature firms etc). Learn more about business tax incentives. → Read More
These States Will Pay You to Move. Does That Strategy Make Sense?
State and local tax policy have always mattered, but the rise of remote work is bringing tax burdens and economic competitiveness to the forefront. It is a development that states cannot afford to ignore. → Read More
Portland Small Business Owners Facing Weirdly High New Taxes—and It Could Get Worse
Portland small business tax rates would include marginal tax rates above 80 percent for Portland small business owners under Biden tax plan. → Read More
14.8% Individual Income Tax and 16.1% Corporate Income Tax Coming To New York City?
Raising rates on those with the most flexibility to leave—or never to return—risks turning those fears into a self-fulfilling prophesy. → Read More
Does the American Rescue Plan Ban State Tax Cuts?
Senate amendments to the American Rescue Plan Act prohibit using any of the $350 billion in State and Local Fiscal Recovery Funds to cut taxes, but many are concerned that states which accept the funds could be prohibited from implementing tax cuts between now and 2024—an astonishing level of federal interference in states’ fiscal affairs. → Read More
Does the American Rescue Plan Ban State Tax Cuts?
Senate amendments to the American Rescue Plan Act prohibit using any of the $350 billion in State and Local Fiscal Recovery Funds to cut taxes, but many are concerned that states which accept the funds could be prohibited from implementing tax cuts between now and 2024—an astonishing level of federal interference in states’ fiscal affairs. → Read More
What the GameStop Saga Can Teach Us About Mark-to-Market Taxation of Capital Gains
Whether you see the GameStop saga as a Robin Hood-style victory for the little guys or as a case of disruptive investor hysteria, it provides an interesting case study in just how badly the mark-to-market treatment of capital gains income could go awry. → Read More
The COVID-19 Relief Bill Contains Over $100 Billion in State Aid After All
Much has been made of the decision not to include state and local government relief in the $910 billion Coronavirus Response and Relief Supplemental Appropriations Act which recently passed Congress, pending presidential action. The exclusion of direct aid in the lame duck session legislation was likely informed by the… Read More → Read More
State Tax Collections Down Through September, While Local Tax Collections Rise
Combined state and local tax collections were down only $7.6 billion across the period, representing a total state and local tax revenue decline of 0.7 percent compared to the first nine months of 2019. → Read More
Details and Analysis of State and Local Aid Under the Bipartisan State and Local Support and Small Business Protection Act of 2020
On Monday, members of the bipartisan Gang of Eight negotiating an end-of-year pandemic relief package announced that they had settled on language and had divided the package into two bills: a pandemic aid package and a $160 billion state and local support package. → Read More
Election Analysis: Why Voters Split the Difference on Income Tax Measures
Illinois voters rejected a high graduated rate income tax ("Fair Tax") while Arizonans embraced a large income tax rate increase for high earners, among the many attention-grabbing results from Tuesday’s elections. → Read More