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    State and Local Tax Collections in 2024

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    IRS Tax Brackets for 2024

    The Internal Revenue Service (IRS) changes more than 60 tax rules every year to account for inflation. This stops something called "bracket creep." People move into higher tax brackets or lose value from credits and benefits when inflation rises instead of their real income rising. This is called "bracket creep."
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    Tax hikes are not the only thing that makes fiscal consolidation work

    Interest rates are predicted to go down as inflation goes down, but the Congressional Budget Office (CBO) says that the government's interest costs will almost double over the next ten years, reaching 3.6% of GDP in 2033.
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    As part of bigger tax reform, lowering the corporate tax rate is a chance that should be taken

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    5 Things You Should Know About the New Pillar One Documents

    A lot of new information about a draft multilateral tax deal was made public by the Organization for Economic Co-operation and Development (OECD) last week. The dump of documents has to do with OECD Pillar 1, Amount A, which is a plan to change where big multinational businesses pay taxes on their profits.
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    Discover how to get 'Wins Above Replacement' in the economy with the State Business Tax Climate Index

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    Pennsylvania's minimum cigarette markups will cost the state $47 million a year

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