06/05/2026
Sound state and local tax policy is built on five core principles: adequacy, fairness, neutrality, simplicity, and accountability. Understanding these principles helps business owners and residents evaluate whether a tax system is working the way it should.
Graphic Heading: 5 Principles of a Good Tax System
ITEP explains the five core principles of sound state and local tax policy: adequacy, fairness, neutrality, simplicity, and accountability.