Smith constructed four maxims of taxation for public funding. We use them to evaluate our current tax system, which “notably deviate[s] from these principles.”
Scott Drenkard is an economist and manager of state projects for the Tax Foundation’s Center for State Tax Policy. He is an author of the annual State Business Tax Climate Index and editor of the 2012 and 2013 editions of the popular handbook, Facts & Figures: How Does Your State Compare? In 2013, he co-authored books on North Carolina tax policy and Nebraska tax policy which laid the groundwork for fundamental tax reforms in each state. Scott and the Center for State Tax Policy were highlighted in State Tax Notes’ “most influential in state tax policy” feature in 2011, 2012, and 2013.