What Should States DoaboutElectronic Commerce?

Two Parts

Structural Obsolescence

State and Local Tax BasesLast 20 to 25 Years

E-Commerce in Historical Context

PPT Slide

Local Tax Revenues,by Source:Fiscal Years 1971 and 1996

PPT Slide

State and Local Property Taxesas Percent of Assets: 1946 to 1998

State and Local Property Taxesas Percent of Assets: 1981 to 1998

Property Tax Story

PPT Slide

Sales Tax Story

Sales Tax Base Erosion

State and LocalCorporate Profit Tax Accrualsas Percent of Corporate Profits

PPT Slide

Corporate Tax Story

Corporate Tax Story

State and Local Individual Income Taxesas Percent ofAdjusted Personal Income

Income Tax Story

Summing Up the History

Winners & Losers

What Does the Past Say about the Future?

E-Commerce and Future of State & Local Taxes

Thinking about Future Action

What Should States Do?

Fixing the Sales Tax

Fixing the Sales Tax

Some Key Simplifications

Some Key Simplifications

Pay for Complexity

Additional Simplifications

Corporate Income Taxes

Corporate Income Taxes:Policy Options

Corporate Income Taxes

Corporate Income or Business Activity Taxes

Key to the Future