When I first moved to Philadelphia, I used to describe the area that I grew up in as “that place that they report from on the Weather Channel during hurricane season.” That’s because I hail from Hampstead, NC, just a few miles north of Wilmington, NC, which is sort of a hurricane magnet. But even…
Earlier in the week, I reported that Georgia is considering implementing a tax on personal services, meaning that professions like barber shops, law firms and accountants would impose a tax on their services, which would likely be passed through to the consumer. This tax would replace property taxes in Georgia. Now, normally, my Fix the…
Taxes are not popular. And lawyers are not popular. So why not throw the two together and create the most despicable combination imaginable: a tax on legal services? That’s what they’re considering these days in Georgia. House Speaker Glenn Richardson, a Republican from Hiram County, is introducing a bill to collect sales taxes on lawyers….
Or any other resident of a state where there is no sales tax. But the rest of you? Listen up. You have the option of claiming your local and state income tax or sales tax as deductions on your federal income tax return. Most folks automatically go for the income tax because it is easily figured. However,…
It’s Fix the Tax Code Friday! It’s also Black Friday – for those of you who are outside of the US, it’s the traditional first day of shopping for the Christmas holidays, the day after Thanksgiving. It’s called Black Friday because it’s the day that retailers count on to turn the year in red (deficit)…