State Tax Revenues Are Up Almost 11 Percent Compared To Last Year
State revenues are up 10.8 percent from a year ago Budget gaps, totaling $91 billion this year, are expected to shrink State rainy-day reserves have risen to 5-6 percent of overall spending The Great...
View ArticleNow Amazon Supports Letting States Collect Sales Tax On Web Purchases
After years of fighting against similar measures, Amazon is now supporting a bill that would allow states to collect sales tax from online shoppers, even if the seller ships from a different location...
View ArticleSenate Showdown Over The Super Committee, Taxes Still The Problem
Senate Majority Leader Harry Reid and his Republican counterpart, Minority Leader Mitch McConnell, traded barbs on the Senate floor today as negotiations around the Super Committee reach a frantic...
View ArticleHere's Why The Automatic Payroll Tax Needs An Overhaul
Only 18 percent of prospective voters think the government is heading in the right direction, according to a recent Rasmussen poll. But unlike customers who stop shopping at stores they don't support,...
View ArticleYou'll Never Guess How Much The Gingrich Tax Plan Would Add To The Deficit
Not much attention was paid to former Speaker of the House Newt Gingrich's flat tax proposal when he first introduced it — owing to his formerly left-for-dead status in the polls. But as Gingrich...
View Article8 Consumer-Friendly Tax Breaks That Will Expire If Congress Doesn't Act By...
It's that time of the year again – and we're not talking about spiked eggnog and holiday lights. Congress has until the stroke of midnight on Dec. 31 to decide whether to extend dozens of tax breaks...
View ArticleYour Chances Of Getting Audited Are Even Higher This Year
It’s the word that strikes fear into people everywhere: audit. And audits are up . . . well, at least for some prominent groups of people. In 2011, one in eight of the country’s millionaires were...
View ArticleAri Fleischer Says The Wealthy Pay Too Much In Taxes
Ari Fleischer, the White House Press Secretary for U.S. President George W. Bush, has been trying to make the case on Twitter that the wealthy are taking on more of the tax burden than ever. Here's a...
View ArticleThe Congressional Budget Office Is Super Bullish On Corporate Tax Revenue...
The Congressional Budget Office is out with its projections for 2012, so we're mining it for the things that matter, and here's one — corporate tax revenue. CBO says: In 2012 we're going to see a...
View ArticleTop Marginal Tax Rates Under The Buffett Rule Could Exceed 100%
President Obama’s Buffett Rule looks so simple on paper: No household making over $1 million annually should pay a smaller share of its income in taxes than middle-class families pay. As Warren...
View ArticleOne Crucial Indicator Shows The US Economy Isn't Slowing At All
The mainstream consensus has lately been that the economy is slowing. Based on my tracking of federal revenues in real time, I suspect that that view is incorrect. Instead the recent data reflects...
View ArticleHow The Gambling Industry Is Helping Pay The Bills In 13 US States
Casinos had a rough couple of years following the latest U.S. recession, but the numbers are turning up. According to a new report from the American Gaming Association titled "State of the States: The...
View ArticleWashington state has brought in $70 milion in tax revenue from legal...
SEATTLE (AP) — Washington launched its second-in-the-nation legal marijuana market with just a handful of stores selling high-priced pot to long lines of customers. A year later, the state has about...
View ArticleWashington state pulled down $65 million in first-year tax revenue from...
Washington state took in $65 million in tax revenue from the recreational marijuana market during the first 12 months since it became legal to produce and sell, according to data released by state...
View ArticlePhiladelphia is now the first major US city to adopt a tax on sugary drinks
PHILADELPHIA (AP) — Philadelphia became the first major American city with a soda tax on Thursday despite a multimillion-dollar campaign by the beverage industry to block it.The City Council gave final...
View ArticleKRUGMAN: The richest Americans should have a tax rate over 70%
Paul Krugman stopped by Business Insider to talk to senior editor Josh Barro. Here, Krugman discusses the benefits of tax revenue maximization. Follow BI Video: On TwitterJoin the conversation about...
View ArticleNew figures show just how much the UK relies on London taxpayers
LONDON — London and the South East, broadly speaking the UK's most affluent regions, provide significant subsidies to the rest of the UK, according to figures released on Tuesday by the Office for...
View ArticleState Tax Revenues Are Up Almost 11 Percent Compared To Last Year
State revenues are up 10.8 percent from a year agoBudget gaps, totaling $91 billion this year, are expected to shrinkState rainy-day reserves have risen to 5-6 percent of overall spendingThe Great...
View ArticleNow Amazon Supports Letting States Collect Sales Tax On Web Purchases
After years of fighting against similar measures, Amazon is now supporting a bill that would allow states to collect sales tax from online shoppers, even if the seller ships from a different location...
View ArticleSenate Showdown Over The Super Committee, Taxes Still The Problem
Senate Majority Leader Harry Reid and his Republican counterpart, Minority Leader Mitch McConnell, traded barbs on the Senate floor today as negotiations around the Super Committee reach a frantic...
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