Posts tagged as:

North Carolina

After Loss, Romney to Release Tax Returns

22 January 2012

So, show of hands: who really thought that former Massachusetts Governor and current GOP presidential hopeful Mitt Romney would win South Carolina? My hand will stay firmly by my side. I expected Romney to lose South Carolina. I also still fully expect him to get the nod from the party at the GOP Convention despite [...]

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IRS Announces Additional Tax Relief for Storm Victims

8 September 2011

We survived Irene. Five days without power and water felt like an eternity but we were very lucky to otherwise not sustain any real damage. My kids were safe albeit a little cranky. I realize that not everyone was so lucky and my thoughts and prayers are with all of you who suffered injury or [...]

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Deduct This: History of the Casualty, Disaster and Theft Deduction

2 July 2011

As I sat on my parents’ deck last week, I could see huge plumes of smoke in the distance. The fire in Pender County, NC, where my parents live had reached nearly 30,000 acres (or about 47 square miles) by the time we were headed home. A lack of rain kept fires burning there for [...]

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NC Just Says No To Taxes… Again

4 November 2010

When I first moved to Pennsylvania from North Carolina, I thought I had hit the lottery. I distinctly remember standing in Express buying some clothes on sale and waiting for the total. When the sales girl finished ringing me up, the total showed. It was the same as the subtotal. I stood there for a [...]

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NC v. Amazon: Round Two

21 April 2010

Oh, it’s so on. The battle between North Carolina and Amazon.com is heating up – and it’s going to get good (well, good in a tax geek kind of way – but that’s still good, right?). I blogged last year that Amazon.com was picking a fight with the Tarheel State by notifying its affiliates that [...]

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Is Amazon.com Playing Favorites?

1 July 2009

Last year, New York decided to aggressively pursue a sales tax rule already on the books by expanding the definition of venue to include companies with affiliates physically present in the state. Many vendors, Amazon.com included, made a lot of noise about pulling their affiliate program; interestingly, Amazon.com didn’t go anywhere. They did, however, challenge [...]

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Lights, Cameras, Tax Burden Shifting

25 June 2009

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, cable, [...]

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Fix the Tax Code Friday: Tax Breaks for Investments

5 June 2009

It’s Fix the Tax Code Friday! Yesterday, I blogged about NC’s efforts to woo Apple and Google to the Tarheel state by passing corporate tax breaks directed at each of them. This is nothing new. In my own state of Pennsylvania, a new film tax credit is being touted in an effort to bring more [...]

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