Political Party Affiliation and the View Toward Income Taxes at the State Level

McGee, Robert W.

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Political Party Affiliation and the View Toward Income Taxes at the State Level

Journal of Accounting, Ethics and Public Policy, Vol. 15, No. 1, 2014

9 Pages Posted: 19 Mar 2014

See all articles by Robert W. McGee

Robert W. McGee

Fayetteville State University - Department of Accounting

There are 2 versions of this paper

Date Written: March 17, 2014

Abstract

This study examined the top marginal corporate and individual income tax rates in the red (Republican) and blue (Democratic) states to determine whether income tax rates are significantly higher in one group or the other. The study found that, although both corporate and individual income tax rates are somewhat higher in the states that voted for the Democratic Party candidate in the 2012 presidential election, the differences were only significant at the 10 percent level.

Keywords: tax rates, Democrat, Republican, state taxes, individual income tax, corporate income tax

JEL Classification: H22, H24, H25, H71, K34, R1, R51

Suggested Citation: Suggested Citation

McGee, Robert W., Political Party Affiliation and the View Toward Income Taxes at the State Level (March 17, 2014). Journal of Accounting, Ethics and Public Policy, Vol. 15, No. 1, 2014, Available at SSRN: https://ssrn.com/abstract=2410215