State Boot Camp, Week 1: State Tax Policy 101, Part 1: Income and Unemployment Insurance Taxes

In the first of our six sessions, we will explore individual and corporate income taxes plus the timely subject of unemployment insurance taxes.
Everyone knows income taxes—but sometimes the details can be murky. How long does someone have to work in a state to pay income taxes there, and how does that affect their tax burden in their home state?
Unemployment insurance (UI) taxes, meanwhile, are opaque to even the most senior policymakers. We will walk through the basic structure of unemployment insurance taxation, explaining how each business’s rate is determined, outlining some of the key provisions of UI taxation, and highlighting how the exhaustion of state unemployment compensation funds yields automatic UI tax increases.
Learn more at: https://taxfoundation.org/boot-camp

(Recorded February 16, 2021)