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New-Mexico

Time to Stock Up on Guns & School Supplies: States Announce Sales Tax Holidays

31 July 2012

Tweet It’s that time of year again! Despite evidence that state sales tax holidays actually cost taxpayers money, many states have renewed their temporary reprieve on state sales tax collections for certain back-to-school and hurricane preparedness items – oh, and guns (let’s not forget the guns). Politically, sales tax holidays are “feel good” legislative acts: [...]

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Lights, Cameras, Tax Burden Shifting

25 June 2009

Tweet The highest grossing movie of all time is Titanic, which has amassed nearly $2 billion in revenue in just 12 years. The five Harry Potter films, all released within the last 10 years, have grossed nearly $5 billion in revenue. It’s clear that even in an age where there are other distractions – TV, [...]

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Do You Owe Uncle Sam for Reading This?

21 September 2007

Tweet Not right now. But there’s a chance that you might in the future: the moratorium on an internet tax expires November 1. The moratorium is sometimes referred to as the Internet Tax Freedom Act, or ITFA. ITFA has been extended twice since 1998. It bans taxes on certain internet transactions at the federal level, [...]

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