Taxes (page 241)

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    Historian Rufus Fears talks taxes

    Like North Carolina, Oklahoma “celebrated” Tax Freedom Day April 6. The Oklahoma Council of Public Affairs took the opportunity to discuss taxes with historian Rufus Fears.
    Mitch Kokai, April 15, 2011
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    New Carolina Journal Online features

    This week’s Carolina Journal Online Friday interview features Donna Martinez’s conversation with CJ Managing Editor Rick Henderson about several recent controversies involving North Carolina’s occupational licensing rules. Michael Lowrey’s guest Daily Journal explains that the recent recession prompted many local governments to boost property tax bills.
    Mitch Kokai, April 15, 2011
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    Businessweek targets tax reform

    Much of the new issue of Bloomberg Businessweek focuses on articles surrounding tax reform, an idea the John Locke Foundation has advocated at the state level. One new feature story focuses particular attention on the corporate income tax rate: For all its free-market brio,…
    Mitch Kokai, April 14, 2011
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    Cutting deficits

    Live Blog James Politi and Stephanie Kirchgaessner should not be writing for the front page of a financial newspaper. In this morning's Financial Times, they write In a speech on Wednesday, the US president proposed cutting $4,000bn from deficits in the next 12 years, shrinking discretionary spending and the…
    Joseph Coletti, April 14, 2011
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    Obama talks patriotism. That only means one thing: higher taxes.

    I wrote in 2008: [Biden] dubs paying taxes “patriotic.” He did this on ABC’s “Good Morning, America,” saying that while Obama would increase taxes on the wealthy, “It’s time to be patriotic.” And he has said it in it political rallies, telling a woman who said her friends are…
    Jon Sanders, April 13, 2011
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    New at CJO: House budget highlights examined

    Anthony Greco’s latest Carolina Journal Online report focuses on key points from the N.C. House budget numbers released Tuesday.
    Mitch Kokai, April 13, 2011
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    House budget, first look

    Live Blog House Appropriations subcommittees started debate yesterday on the specifics what it means to balance the budget in a pro-family, pro-growth way. Proposed savings in primary and secondary education of $694 million are midway between Gov. Perdue's $351 million and the John Locke Foundation's $1 billion. Community College…
    Joseph Coletti, April 13, 2011
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    Tax Foundation expert targets aggressive state tax practices

    A day after commemorating Tax Freedom Day, the Tax Foundation’s Joseph Henchman heads to Capitol Hill this afternoon to testify in connection with a bill targeting “aggressive” state tax practices. Here are some highlights from Henchman’s upcoming testimony on the Business Activity Tax Simplification Act: About half the states now assert "economic nexus" in corporate taxation, claiming the power to tax corporations with no property or employees in the state. Six states have adopted aggressive sales tax stands, including Arkansas earlier this month. These trends result from states' incentive to shift tax burdens from physically present individuals and businesses to those who are beyond their borders. Recent examples have included door-to-door salesmen, credit card companies, franchised fast food operations, cell phone providers, online travel companies, car rental companies, and affiliate- and franchise-based operations. Businesses must consequently deal with: Complex tax statutes Uncertainty about what activities create tax obligations in different states Lack of uniformity between different states in tax rules and formulas Generally, wasting significant time, wealth, and brainpower navigating tax compliance rather than doing more productive things.
    Mitch Kokai, April 13, 2011