SlideShare una empresa de Scribd logo
1 de 33
AN ANALYSIS IN SUPPORT OF  COMPREHENSIVE TAX REFORM Is our State Broke? … Or is our  System  Broken? Olde English & Western Piedmont Consortia
[object Object],[object Object],“ But the State of South Carolina Has No Money?” Olde English & Western Piedmont Consortia
But the State of S.C. Has No Money? ,[object Object],[object Object],[object Object],[object Object],Olde English & Western Piedmont Consortia
What Has Happened to S.C. Revenue? BEA to the TRAC, Dr. Bill Gillespie, September 30, 2009 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Olde English & Western Piedmont Consortia
How is the State’s Tax System set up to support the delivery of essential services? S.C. Tax Revenue and the State Budget Olde English & Western Piedmont Consortia
[object Object],[object Object],[object Object],[object Object],“ Our Taxes here in South Carolina  are just too high !” Olde English & Western Piedmont Consortia
Are South Carolina Taxes Too High? The Tax Foundation , non-profit 501-c-3 since 1937:  www.taxfoundation.org ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Olde English & Western Piedmont Consortia
South Carolina Taxes Versus the Nation Olde English & Western Piedmont Consortia 1 5 10 15 20 25 30 35 40 45 50
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],S.C. is Collecting 22% Less  ($1.5 billion)  in Tax Revenue than in 2006.  Why?   Olde English & Western Piedmont Consortia
The Three Legged Stool ,[object Object],[object Object],[object Object],[object Object],[object Object],Olde English & Western Piedmont Consortia
What Did Act 388 do to S.C.’s Tax System? ,[object Object],[object Object],[object Object],[object Object],Olde English & Western Piedmont Consortia
What Do We Tax in South Carolina? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Olde English & Western Piedmont Consortia
What Do We Tax in South Carolina? ,[object Object],[object Object],[object Object],[object Object],Olde English & Western Piedmont Consortia
What Do We Tax in South Carolina? ,[object Object],[object Object],[object Object],Olde English & Western Piedmont Consortia
What Do We Tax in South Carolina? ,[object Object],[object Object],[object Object],Olde English & Western Piedmont Consortia
What Do We Tax in South Carolina? ,[object Object],[object Object],[object Object],[object Object],Olde English & Western Piedmont Consortia
What Do We Tax in South Carolina? ,[object Object],[object Object],[object Object],[object Object],Olde English & Western Piedmont Consortia
What Do We Tax in South Carolina? ,[object Object],[object Object],[object Object],[object Object],Olde English & Western Piedmont Consortia
What Do We Tax in South Carolina? ,[object Object],[object Object],[object Object],[object Object],Olde English & Western Piedmont Consortia
What Do We Tax in South Carolina? ,[object Object],[object Object],[object Object],[object Object],Olde English & Western Piedmont Consortia
[object Object],[object Object],[object Object],[object Object],“ Do We Tax “Services”  in South Carolina?” Olde English & Western Piedmont Consortia
[object Object],[object Object],“ So… How Did We Get in This Mess?” Olde English & Western Piedmont Consortia
Why Do We Need Tax Reform? ,[object Object],[object Object],[object Object],Olde English & Western Piedmont Consortia
Why Do We Need Tax Reform? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Olde English & Western Piedmont Consortia
Why Do We Need Tax Reform? ,[object Object],[object Object],[object Object],[object Object],Olde English & Western Piedmont Consortia
[object Object],[object Object],[object Object],“ So… What Can We Do to Change our System & Get Out of This Mess? Olde English & Western Piedmont Consortia
Fundamental Criteria of Tax Structure ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Olde English & Western Piedmont Consortia
Fiscally Sustainable Revenue System ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Olde English & Western Piedmont Consortia
[object Object],[object Object],[object Object],“ So… What is Our General Assembly Doing to Fix it? Olde English & Western Piedmont Consortia
What IS this “TRAC” Commission? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Olde English & Western Piedmont Consortia
[object Object],[object Object],[object Object],[object Object],[object Object],“ So… What Should I do about it? How Can I Make A Difference?” Olde English & Western Piedmont Consortia
What Questions Should I Be Asking? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Olde English & Western Piedmont Consortia
Who can I contact for more information? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Olde English & Western Piedmont Consortia

Más contenido relacionado

La actualidad más candente

Old-Mill-FoodDrink-Summer-2016
Old-Mill-FoodDrink-Summer-2016Old-Mill-FoodDrink-Summer-2016
Old-Mill-FoodDrink-Summer-2016
Philip Mills
 
Moving to South Carolina
Moving to South CarolinaMoving to South Carolina
Moving to South Carolina
taxman taxman
 
Estimated Tax Voucher 2009
Estimated Tax Voucher 2009Estimated Tax Voucher 2009
Estimated Tax Voucher 2009
taxman taxman
 

La actualidad más candente (20)

Old-Mill-FoodDrink-Summer-2016
Old-Mill-FoodDrink-Summer-2016Old-Mill-FoodDrink-Summer-2016
Old-Mill-FoodDrink-Summer-2016
 
Tax implications under Trump
Tax implications under TrumpTax implications under Trump
Tax implications under Trump
 
Moving to South Carolina
Moving to South CarolinaMoving to South Carolina
Moving to South Carolina
 
FY 2019 Tax Facts
FY 2019 Tax FactsFY 2019 Tax Facts
FY 2019 Tax Facts
 
FY 2016 Tax Facts
FY 2016 Tax FactsFY 2016 Tax Facts
FY 2016 Tax Facts
 
FY 2017 Tax Facts
FY 2017 Tax FactsFY 2017 Tax Facts
FY 2017 Tax Facts
 
2013 Tax Facts: General Information about Fairfax County Taxes
2013 Tax Facts: General Information about Fairfax County Taxes2013 Tax Facts: General Information about Fairfax County Taxes
2013 Tax Facts: General Information about Fairfax County Taxes
 
OnPoint Publications Tax Week in Review 11 4 2016
OnPoint Publications Tax Week in Review 11 4 2016OnPoint Publications Tax Week in Review 11 4 2016
OnPoint Publications Tax Week in Review 11 4 2016
 
20% top Federal Tax Rate
20% top Federal Tax Rate20% top Federal Tax Rate
20% top Federal Tax Rate
 
2010 Season State Tax Training Module
2010 Season State Tax Training Module2010 Season State Tax Training Module
2010 Season State Tax Training Module
 
US Policy for Inward/Outward Investment
US Policy for Inward/Outward InvestmentUS Policy for Inward/Outward Investment
US Policy for Inward/Outward Investment
 
US Expat Tax Documents Made Easy - by Greenback Expat Tax Services
US Expat Tax Documents Made Easy - by Greenback Expat Tax ServicesUS Expat Tax Documents Made Easy - by Greenback Expat Tax Services
US Expat Tax Documents Made Easy - by Greenback Expat Tax Services
 
FY 2015 Tax Facts
FY 2015 Tax FactsFY 2015 Tax Facts
FY 2015 Tax Facts
 
2018 Property Tax Rates in Houston Community College
2018 Property Tax Rates in Houston Community College2018 Property Tax Rates in Houston Community College
2018 Property Tax Rates in Houston Community College
 
FY2015 Tax Facts
FY2015 Tax FactsFY2015 Tax Facts
FY2015 Tax Facts
 
Fairfax County FY2014 Tax Facts
Fairfax County FY2014 Tax FactsFairfax County FY2014 Tax Facts
Fairfax County FY2014 Tax Facts
 
Estimated Tax Voucher 2009
Estimated Tax Voucher 2009Estimated Tax Voucher 2009
Estimated Tax Voucher 2009
 
Louisiana Special Legislative Session: What to Expect
Louisiana Special Legislative Session: What to ExpectLouisiana Special Legislative Session: What to Expect
Louisiana Special Legislative Session: What to Expect
 
Tax Cuts and Jobs Act: Tax Reform Update
Tax Cuts and Jobs Act: Tax Reform UpdateTax Cuts and Jobs Act: Tax Reform Update
Tax Cuts and Jobs Act: Tax Reform Update
 
FY 2017 Tax Facts
FY 2017 Tax FactsFY 2017 Tax Facts
FY 2017 Tax Facts
 

Destacado (6)

Dotd
DotdDotd
Dotd
 
Art
ArtArt
Art
 
Evolution Of The Agency
Evolution Of The AgencyEvolution Of The Agency
Evolution Of The Agency
 
Final Public Mtg Presentation Jan 11 15 2010
Final   Public Mtg Presentation Jan 11 15 2010Final   Public Mtg Presentation Jan 11 15 2010
Final Public Mtg Presentation Jan 11 15 2010
 
Options For Zoning Hs Final
Options For Zoning   Hs FinalOptions For Zoning   Hs Final
Options For Zoning Hs Final
 
Norpc
NorpcNorpc
Norpc
 

Similar a Tax reform power_point_revised_nov16_2009

The National Debt
The National DebtThe National Debt
The National Debt
MrRed
 
The National Debt
The National DebtThe National Debt
The National Debt
guest7af793
 
Townsend 2016 Spring NL (2)
Townsend 2016 Spring NL (2)Townsend 2016 Spring NL (2)
Townsend 2016 Spring NL (2)
Dan Opsommer
 
Ecn121 chapter 6 slides
Ecn121 chapter 6 slidesEcn121 chapter 6 slides
Ecn121 chapter 6 slides
challenge34
 
I tell you, even rocks crack, And not because of age.For years.docx
I tell you, even rocks crack, And not because of age.For years.docxI tell you, even rocks crack, And not because of age.For years.docx
I tell you, even rocks crack, And not because of age.For years.docx
wilcockiris
 
The Estate Tax Slides 02.09.09 Notes
The Estate Tax Slides 02.09.09 NotesThe Estate Tax Slides 02.09.09 Notes
The Estate Tax Slides 02.09.09 Notes
joshkaufman
 
www.mitaxequality.com
www.mitaxequality.comwww.mitaxequality.com
www.mitaxequality.com
Dan Opsommer
 
Changes in the New Tax Act & International Tax Questions Answered
Changes in the New Tax Act & International Tax Questions AnsweredChanges in the New Tax Act & International Tax Questions Answered
Changes in the New Tax Act & International Tax Questions Answered
Rowbotham & Company LLP
 

Similar a Tax reform power_point_revised_nov16_2009 (20)

The National Debt
The National DebtThe National Debt
The National Debt
 
The National Debt
The National DebtThe National Debt
The National Debt
 
TAG Tax - Global Perspectives Call (U.S. Tax Update and Romania / Moldova Ove...
TAG Tax - Global Perspectives Call (U.S. Tax Update and Romania / Moldova Ove...TAG Tax - Global Perspectives Call (U.S. Tax Update and Romania / Moldova Ove...
TAG Tax - Global Perspectives Call (U.S. Tax Update and Romania / Moldova Ove...
 
Townsend 2016 Spring NL (2)
Townsend 2016 Spring NL (2)Townsend 2016 Spring NL (2)
Townsend 2016 Spring NL (2)
 
Kansas state and local tax structure post-2012
Kansas state and local tax structure post-2012Kansas state and local tax structure post-2012
Kansas state and local tax structure post-2012
 
Senator Van De Putte
Senator Van De PutteSenator Van De Putte
Senator Van De Putte
 
Fairfax County Revenue Sources
Fairfax County Revenue Sources Fairfax County Revenue Sources
Fairfax County Revenue Sources
 
Fairfax County Major Revenue Sources
Fairfax County Major Revenue Sources Fairfax County Major Revenue Sources
Fairfax County Major Revenue Sources
 
Ecn121 chapter 6 slides
Ecn121 chapter 6 slidesEcn121 chapter 6 slides
Ecn121 chapter 6 slides
 
Louisiana's Industrial Tax Exemption Program
Louisiana's Industrial Tax Exemption ProgramLouisiana's Industrial Tax Exemption Program
Louisiana's Industrial Tax Exemption Program
 
Deloitte FanTAXtic Case Study
Deloitte FanTAXtic Case Study Deloitte FanTAXtic Case Study
Deloitte FanTAXtic Case Study
 
The Myths & Realities Of Estate Planning 2009
The Myths & Realities Of Estate Planning 2009The Myths & Realities Of Estate Planning 2009
The Myths & Realities Of Estate Planning 2009
 
I tell you, even rocks crack, And not because of age.For years.docx
I tell you, even rocks crack, And not because of age.For years.docxI tell you, even rocks crack, And not because of age.For years.docx
I tell you, even rocks crack, And not because of age.For years.docx
 
Tax History Studies On Nevadas Tax Structure
Tax History Studies On Nevadas Tax StructureTax History Studies On Nevadas Tax Structure
Tax History Studies On Nevadas Tax Structure
 
Ron Baker History of Taxation
Ron Baker History of TaxationRon Baker History of Taxation
Ron Baker History of Taxation
 
The Estate Tax Slides 02.09.09 Notes
The Estate Tax Slides 02.09.09 NotesThe Estate Tax Slides 02.09.09 Notes
The Estate Tax Slides 02.09.09 Notes
 
EI Report
EI ReportEI Report
EI Report
 
www.mitaxequality.com
www.mitaxequality.comwww.mitaxequality.com
www.mitaxequality.com
 
Govt 2306 ch_11
Govt 2306 ch_11Govt 2306 ch_11
Govt 2306 ch_11
 
Changes in the New Tax Act & International Tax Questions Answered
Changes in the New Tax Act & International Tax Questions AnsweredChanges in the New Tax Act & International Tax Questions Answered
Changes in the New Tax Act & International Tax Questions Answered
 

Tax reform power_point_revised_nov16_2009

  • 1. AN ANALYSIS IN SUPPORT OF COMPREHENSIVE TAX REFORM Is our State Broke? … Or is our System Broken? Olde English & Western Piedmont Consortia
  • 2.
  • 3.
  • 4.
  • 5. How is the State’s Tax System set up to support the delivery of essential services? S.C. Tax Revenue and the State Budget Olde English & Western Piedmont Consortia
  • 6.
  • 7.
  • 8. South Carolina Taxes Versus the Nation Olde English & Western Piedmont Consortia 1 5 10 15 20 25 30 35 40 45 50
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21.
  • 22.
  • 23.
  • 24.
  • 25.
  • 26.
  • 27.
  • 28.
  • 29.
  • 30.
  • 31.
  • 32.
  • 33.