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New research indicates 2011 will be the first year that federal aid becomes the largest component of state revenues. Already 27 states, including Louisiana, rely on federal aid as their primary source of funding, but the report’s author describes...
A "flat tax" bill to rewrite the state individual income tax is nearing the finish line at the Legislature, setting the stage for changes that would have the Arizona's wealthiest taxpayers paying less while nearly nine of every 10 Arizonans pay more.
Mississippi Gov. Haley Barbour (R) reportedly used taxpayer money to hobnob with wealthy potential donors and campaign for Republican candidates in 2010. Barbour spent over $300,000 to pay for out of state trips in 2010 alone.
The revolt against taxes and arrogant public officials is alive and well.
Across the country, state officials struggling with big budget shortfalls are trying to get Amazon.com to take on a role it does not want: tax collector. Amazon’s skirmishes with states over whether it should collect sales taxes have been an ongo
Illinois Governor Pat Quinn just made a big mistake and a good many people who own Web sites and have affiliate relationships with Amazon and some other ecommerce giants are hopping mad.
After two-months of fence-sitting, Illinois Governor Pat Quinn today signed controversial legislation requiring Internet retailers like Amazon.com and Overstock.com to collect Illinois’ 6.25% sales tax if they have affiliate sellers in the state.
Other states will probably find Wisconsin’s idea of simply dividing pension contributions between labor and management is an illusory solution to their long-term financial woes. Promises to workers are far more costly than routinely calculated by sta
Gov. Scott Walker presented his plan that cuts $1 billion in aid to public schools and local government but avoids any tax or fee increases, furloughs or widespread layoffs. The cuts could be paid for in large part by forcing government employees to
Go Green!
As four game wardens awkwardly stood guard, protesters, scores deep, crushed into a corridor leading to the governor’s office here on Wednesday, their screams echoing through the Capitol: “Come out, come out, wherever you are!”
Stays, semen, sales, sex, and SUVs.
I think this legislative maneuvering is leading us to a point where a national VAT is established. That would imply that there would be very few if any deductions left. No mortgage, property or income taxes deductions would exist.
Starting in 2014, Obama would target companies for sharply higher payroll taxes to help states replenish their depleted unemployment funds and repay their debts to Washington. At a time when Washington is grappling with its own record deficits,
Even as local governments and the state are slashing budgets, Arizonans are propping up public-pension systems that allow civil servants to retire in their 50s, receive annuities that can exceed $100,000 a year, and collect pensions while staying on
Wine aficionados in the Maryland are routinely breaking state law to get around rules that restrict residents from having wine shipped to their homes. Lawyers, government consultants, high-tech workers and even members of the General Assembly - all t
Attention texting pedestrians and iPod-obsessed runners on the street: You may soon get unplugged. Lawmakers have proposed restrictions on using cell phones and music players such as iPods by people running and walking on the street or sidewalk.
As state governments struggle with the fiscal damage caused by the recession, an income tax increase has become a rarely used remedy.
Last night, I was sitting at home minding my own business, drinking a beer taxed at 50%, and thinking about all of my contributions to society, including leading a moral life, serving in the Army, being frugal and saving money that provides the capit
Illinois Gov. Quinn defended a massive increase in state income taxes passed by lawmakers and promised to quickly sign the measure to help the state's ailing finances. Corporate taxes also will rise, but Quinn rejected it would decimate businesses.
Illinois Legislature Votes To Increase Income Tax By 66% : SB 2505 Instead of the proposed 75% Income Tax increase and $1 on a pack of smokes – Illinois Lawmakers have graciously assented to a 66% Tax Increase while allowing the residents of Illin
California Governor Jerry Brown unveiled a budget on Monday that included "painful" cuts to state worker pay and social services and a plan to extend tax increases as the most populous U.S. state struggles to close a $25.4 billion deficit.
Happy New Year: Enjoy your new taxes... RATtner gets off easy... The End of America is catching on...
President Obama agreed to extend the Bush administration's tax cuts for two years. He also decreased the estate tax to 35% from 55% (effective January 1, 2011).
Advice for tax filers and parents about refund anticipation loans.
Americans of all income levels overwhelmingly favor raising taxes on the rich over any other method available to reduce the budget deficit, a new poll has found.
Arizona’s inbound smuggling rate was not in the top five in 2006, yet we estimate that Arizona now has the nation’s highest inbound cigarette smuggling rate, with over half of all cigarette consumption coming from smuggled sources. [only half?!]
First, the great engine of growth in America is not the Northeast Megalopolis, which was growing faster than average in the mid-20th century, or California, which grew lustily in the succeeding half-century. It is Texas. Its population grew 21 per
Illinois government offers an amnesty on taxes that aren't owed dating back to 2004. Oh, and they passed a use tax to educate taxpayers that they have a use tax obligation.
A fiscal flood that threatens to swamp local government budgets across the U.S. overflows from file cabinets in the office of Patty Halm, chair of the Michigan Tax Tribunal.
