Tax Tip of the Week | No. 352 | Tax Foundation Releases Data on State Taxes

Tax Tip of the Week | April 27, 2016 | No. 352 | Tax Foundation Releases Data on State Taxes

The Tax Foundation, a tax policy research organization, has released the latest edition of its annual compendium of data on state taxes.The 2016 edition of "Facts & Figures: How Does Your State Compare?" lists and ranks states on 39 different tax and fiscal measures, including rates, ranks, collections, tax burdens and more.The Tax Foundation has been publishing “Facts & Figures” since 1941. The group pointed out that the information included in the report is frequently spread out across many agencies’ websites, making it difficult to find. When it can be found, it’s often poorly formatted. The Tax Foundation has compiled the state data in a variety of formats to fit each user’s needs.The figures include individual and corporate income tax rates; the amount of federal aid to states; sales, excise and property tax rates; state revenue, debt and population data; the latest State Business Tax Climate Index rankings; and more.For example, this guide lists Ohio’s “Tax Freedom” day as April 17, which is ranked 20th in the U.S.Happy reading…..the guide is 56 pages long.You can contact us in Dayton at 937-436-3133 and in Xenia at 937-372-3504.  Or visit our website.Rick Prewitt – the guy behind TTW...until next week.