DC taxation datapoint of the day

By Felix Salmon
July 14, 2009

Ryan Avent quotes Alice Rivlin:

The CFO’s office estimates that if DC were able to tax non-resident income at its current tax rates it could raise more than $2 billion additional revenue, more than doubling the current yield of the District’s individual income tax of about $1.3 billion.

If the District of Columbia were to become a state, it could and almost certainly would start taxing people who work in DC but live elsewhere. Which is a huge proportion of DC’s professional classes. Needless to say, this is a Very Good Idea. Not that it’ll ever happen.

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