Taxation
Joseph Henchman of The Tax Foundation “combine[d] state sales tax rates with the weighted average of local sales taxes” to produce the below map (h/t): As Henchman notes, “Being purple surrounded by brown and white is probably good for your state; being brown surrounded by purple and white not so much.” Rhode Island, the “not…
Hey, Rhode Islanders: That deferred tax increase known as “transportation bonds” (and claiming all those wonderful federal tax dollars) to which you just assented? Not enough: A special state panel yesterday discussed several ideas to raise money to fix the state’s roads and bridges, from tolls on Route 95 and the Sakonnet River bridge to…
Jennifer Rubin points out how this trend is not being covered by the MSM: No President-elect in the postwar era has been greeted with a more audible hiss from Wall Street. The Dow has lost 1,342 points, or about 14%, since the election, with the S&P 500 and Nasdaq hitting similar skids. The Dow fell…
In a comment to Marc’s post mocking Obama’s campaign wealth, Erik cites some data related to wealth and stock ownership and states the following: Considering the USA has the widest gap between rich and poor in the entire industrialized world, the idea of “spreading the wealth” seems pretty realistic at this time. … Is it…
You gotta love these pillaging Dems: For the second time in a week, a prominent Democrat has downgraded Barack Obama’s definition of the middle class — leading Republicans to question whether he’ll stick to his promise not to raise taxes on anyone making under $250,000. The latest hiccup in the campaign message came Friday morning…
Even just a hint that Governor Carcieri likes the notion of eliminating the income tax, almost as a philosophical matter, is enough to induce the fury of Johnathan Berard (emphasis added): As a taxpayer, I’m mad because the state decided to go more than $33 million dollars over budget, but as a student, I’m absolutely…
From the Orlando Sentinel. Dolphins owner H. Wayne Huizenga said Sunday no date has been set for selling up to 45 percent more of the team to Stephen Ross, but the presidential election is among the issues weighing on his decision. That’s because a Barack Obama administration is expected to mean higher capital-gains taxes. “He…
From the Associated Press, via the Projo…Governor Carcieri said today he supports abolishing the state income tax, which could drastically reduce tax revenue just as Rhode Island’s state government faces large budget deficits. Carcieri said this morning during an appearance on WPRO-AM that he would “love” to find a way to eliminate Rhode Island’s income…
Surprisingly, here’s a point I haven’t heard made: One thing: the 95% number is fundamentally dishonest because I’m pretty sure it measures against the CBO baseline — which assumes all of the ’01 and ’03 tax cuts expire in 2010. Politically, that’s nonsense. But it allows Obama to count extending the politically popular Bush tax…
Last night, Barack Obama stated: I think Exxon Mobil, which made $12 billion, record profits over the last several quarters, they can afford to pay a little more so that ordinary families who are hurting out there, they are trying to figure out how they are going to afford food, how they are going to…
