Taxes

2013 Policy Priorities Handbook for Alabama

2013 Policy Priorities Handbook for Alabama

Policy Priorities for Alabama is a handbook compiled specifically for each legislative session as a research and education guide on the issues facing our state.

2013 Building Business in Alabama: How Business-Friendly Are Alabama's 50 Largest Cities?

2013 Building Business in Alabama: How Business-Friendly Are Alabama’s 50 Largest Cities?

In order to excel in an increasingly competitive global marketplace, Alabama must be as attractive as possible to businesses looking to establish or grow operations in the state. While Alabama’s business-friendly image is usually assessed at the state level, Alabama must also consider how its individual cities compare against each other with respect to economic, social, and educational factors attractive to businesses.

The Flat Tax

The Flat Tax

A true flat tax would be one tax rate that is applied to all income with no exceptions. A flat tax would not tax savings and investment, promoting job creating and capital formation. Only income earned inside the national borders of the United States would be taxed.

The Estate Tax

The Estate Tax

As of 2011, Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 set the exclusion amount at $5 million and a top tax rate of 35 percent for 2011 and 2012. It is long past time for Congress to permanently repeal the estate tax. It serves none of the original purposes Congress intended in 1916, and it presents a significant danger for family-owned businesses.

Alternative Minimum Tax

Alternative Minimum Tax

The Alternative Minimum Tax (AMT) was designed in 1969 to ensure that wealthy taxpayers did not use loopholes to escape paying their share of taxes. The biggest problem with the AMT is that, unlike the regular income tax, it is not indexed for inflation. The AMT must be eliminated from the federal tax code.