#tax-foundation

#tax-foundation

As the primary source of revenue for government at the state, local, and federal levels, taxes are a certainty. But the ways in which tax codes are drawn up and implemented are not, and variations in tax policy at the state-level can have meaningful economic implications. According to the latest data from the Bureau of Economic Analysis and the Bureau of Labor Statistics, the private sector accounts for nearly 89% of gross domestic product and over 87% of employment in the United States.