What Happens When You Start Taxing Muni Bonds?

A new study offers the best data to date on how much the tax exemption on municipal bonds, which are often used to finance sports stadiums, saves state and local governments.

Are Muni Bonds an Income Equalizer?

A surprising look at who owns and who benefits the most from tax-exempt debt.

States Turn to Smokers for Band-Aid Budget Fixes

Fiscally and politically troubled states can solve some of their money problems by increasing cigarette taxes, but it’s no long-term solution. Here's why.

The States Most Dependent on Sin Taxes

Taxing alcohol, tobacco and gambling isn't a good long-term revenue source. But states do it anyway.

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