Total State and Local Taxes Paid by the Financial Services Industry

Posted: 8 Oct 2004

See all articles by Thomas S. Neubig

Thomas S. Neubig

Tax Sage Network

Robert J. Cline

Ernst & Young LLP

Andrew Phillips

Ernst & Young - Quantitative Economics and Statistics Group

Abstract

The author examines state taxation of the financial services industry and says that industry pays relatively high business taxes, primarily on capital income. The financial services sector paid $45.9 billion in state and local taxes in fiscal 2003.

Suggested Citation

Neubig, Thomas S. and Cline, Robert J. and Phillips, Andrew, Total State and Local Taxes Paid by the Financial Services Industry. Available at SSRN: https://ssrn.com/abstract=602802

Thomas S. Neubig

Tax Sage Network ( email )

101 Harbourview Drive
Locust Grove, VA 222508
United States

HOME PAGE: http://www.taxsagenetwork.com

Robert J. Cline (Contact Author)

Ernst & Young LLP ( email )

1225 Connecticut Ave NW # 700
Washington, DC 20036
United States
202-327-6000 (Phone)

Andrew Phillips

Ernst & Young - Quantitative Economics and Statistics Group

1225 Connecticut Avenue NW
Washington, DC 20036
United States

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