Interstate Sales Taxes Pose Complex Regulatory Burdens

February 22, 2021

Problem: E-commerce provides businesses with access to much larger markets, but it also complicates even the simplest of retail transactions. One of the most challenging aspects can be figuring out which sales taxes apply to individual sales, especially when selling to out-of -state customers. On June 21, 2018, the U.S....

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The Fair Tax Would Simplify and Make Taxes More Fair

February 22, 2021

Problem: The current federal income tax system is broken—unfair, overly complex, and almost impossible for most Americans to understand. The Fair Tax is a reasonable, nonpartisan alternative before Congress that is both fair and easy to understand. A system that allows taxpayers to keep their entire paycheck and only pay...

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Seek Deficit Reduction and Entitlement Reform

February 22, 2021

Problem: Despite some short-term improvements made in recent years, long-term debt challenges remain, and in the coming decades, the debt will squeeze budgetary resources that are vital to our economic success and competitiveness will be stymied. The COVID-19 pandemic and the legislation enacted in response created an additional set of...

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Enact Tax Reform That Prioritizes Simplification

February 22, 2021

Problem: The Tax Cuts and Jobs Act (TCJA) which was enacted late-2017 is now in effect, but key portions of it are only temporary—specifically those that help the majority of America’s small businesses. The TCJA lowered rates on individuals and businesses and updated the business tax code to jumpstart America’s...

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Eliminate the Self-Employment Tax on Health Care

February 22, 2021

Problem: Self-employed individuals, unlike large corporations, cannot fully deduct the cost of their health insurance as a business expense. Although NSBA won the first battle in 2003 allowing self-employed individuals to deduct the cost of health insurance for income tax purposes, they are still not on par with larger businesses,...

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Support Fair and Simple Capital Gains Taxes

February 19, 2021

Problem: The capital gains tax is a fee that the federal government imposes on profits made from the sale of assets such as real estate, stock, the sale of businesses, collectibles, and other assets with increased value—the “gain.” Capital gains taxes become due when one sells an investment.  Long-term capital...

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