State and local governments depend on many different types of taxes, one of which is known as an excise tax. Like general sales taxes, excise taxes are paid on the purchase of an item. But unlike sales taxes, excise...
- Fiscal Cliff: Debt Ceiling
Fiscal Cliff: Debt Ceiling
In the most recent twist of the fiscal cliff negotiations, Speaker Boehner has offered to allow the Bush tax cuts to expire for millionaires, meaning in this case those earning literally one million dollars or more in adjusted gross income. Speaker...
Recently, we released an analysis looking at the potential total tax increase on the median four-person family in each state. We found that higher income and lower states tended to be affected more than middle income states—higher income...
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