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ritholtz.com - 26 days ago

State & Local Taxes Plummet

— ritholtz.com — Via the Rockefeller Institute of Government , an independent research firm focusing on state and local governments,... we get some nasty data and fugly charts. The overview paints a picture of state and local governments in economic distress: • ... (more) State & Local Taxes Plummet

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Pandora’s Box of New Taxes (and the Tale of Thidwick the Big Hearted Moose)
Mish's Global Economic Trend Analysis — Californians Against Higher Taxes warns that New Taxes Would Hurt Local Businesses. Saying the current Legislative special session threatens to open a Pandora’s Box of new taxes, business leaders here came together today to warn of the negative impact higher taxes would have on small and minority-owned businesses struggling to stay alive in this economy. The special session in Sacramento is considering a slew of tax increase proposals. Speakers today slammed proposed increases in the gas tax, a new tax on oil production and a new tax that ...

Truth in Something
Lawrance G. Lux — ... I am getting somewhat tired of listening to the threats to Business caused by taxation. A short history study: All economic Booms are incited by Consumers (mostly Labor) feeling like they can afford to spend a bit more; all economic Recessions are caused by excessive Profits charged over the long-term by Business. Almost all economists would assert that is too rude a Statement, though true. I do not know exactly when Business taxes got such an evil onus in American society, nor why they receive such labeling as a Job killer. Business taxation might forestall new Job ...