Posts tagged as:

revenue

Tax Revenues Lowest Since Depression

4 August 2009

The sky is falling! The sky is falling! Okay, not really. But revenues are falling. And it feels just as dramatic. As the economy slowly begins to recover, another challenge looms on the horizon: how to pay for of this “stimulus.” Cash for Clunkers? Stimulus checks for the disabled? TARP relief for banks? Extended unemployment [...]

6 comments Read the full article →

States Find It May Not (*gasp*) Be Necessary to Raise Taxes

17 July 2009

With budget deadlines looming, many states felt that there were no alternatives to balancing the budget other than raising taxes or adding new ones. More than half of all states were considering significant tax changes to fill gaping holes… What a difference a few weeks and some angry taxpayers make. New Jersey recently “found” more [...]

1 comment Read the full article →

State Tax Primer from A to W: California

20 April 2009

Welcome to my fifth in a series on state taxes! For information about what I’m trying to do, read my introductory bit. Next on the agenda, the state that we’ve all heard a lot about this year when it comes to taxes: California! CALIFORNIA Population: 36,756,666 (1st) Capital: Sacramento Largest City: Los Angeles Gross Domestic [...]

14 comments Read the full article →

Taxgirl trivia: Raising Revenue

10 March 2009

We have a winner! See comments! Our next tax trivia question is: Beginning in the early 19th century, the US did not impose any direct taxes on income for nearly 50 years. Other than occasional excise taxes, what was biggest revenue raiser for the US during that time? Don’t forget: the first correct answer wins [...]

7 comments Read the full article →

Use Tax on iTunes? It Doesn’t Make Sense.

14 July 2008

Another Tax Geek asked me whether I pay Use Tax on my iTunes purchases (you can answer him, too, by voting in our poll in the sidebar). I do not. I started to reply in the comments and felt that my comment was a bit wordy (as I tend to be) and I felt that [...]

35 comments Read the full article →

McCain Backs Off Repeal of AMT

14 June 2008

Senator McCain has – until now – included a promise to repeal the AMT in his economic plan. However, a few days ago, he introduced the idea of a phase out, rather than a repeal. In a June 10 speech, he said, “I will also propose … a phase-out of the Alternative Minimum Tax.” In [...]

1 comment Read the full article →