An appropriate story for the summer months from our friends at the Tax Foundation -- just how much does your state tax beer? Though the figures vary from state to state, it turns out no matter where you live, government adds quite a bite to your pint of bitter:
As Congress
attempts to make up its mind on what, if anything, it should do about gun violence, at least one Democratic congressman has decided what's really needed is a big tax hike on guns and am
Even as the federal tax reform law takes effect, bringing with it lower tax bills for millions of Americans, states have been tinkering with their tax odes as well. In some cases, the results are tax increases, either for individuals or businesses. The Tax Foundation has a run down on some key changes that went into effect on January 1:
We've noted the major provisions in the new tax reform legislation. But what happens to individual taxpayers? While most will see their taxes go down, how much depends on a number of factors.
There have been many questions about what corporations will do with the new provisions in the tax reform bill that reduce corporate rates, and create incentives for them to bring the billions of dollars they have parked overseas back to the United States.
The House and Senate have passed their versions of tax cuts, which means the bills must be reconciled in a conference committee. How do the bills differ? Our friends at the Tax Foundation have an analysis of the key issues negotiators must agree on before sending a final bill to the President.
The Senate has put foward its version of a tax cut plan, but with one big addition: the Senate would also do away with the Obamacare individual mandate, and shift those resources to help "pay" for its suggested cuts. What does this mean? From the Wall Street Journal:
