Texas
Las Vegas Review-Journal: Study makes case for state income tax
January 4, 2013
(PDF of Original Post) By ALAN CHOATELAS VEGAS REVIEW-JOURNAL Nevada’s lack of an income tax means state taxpayers are paying more than they should in federal income taxes, according to a study released Monday. Seven states that rely on sales taxes instead of an income tax could cut sales taxes while implementing an income tax […]
Columbia Missourian: ‘Fair tax’ gains traction in Missouri legislature
January 4, 2013
(PDF of Original Post) By Spencer WillemsMay 19, 2009 | 12:01 a.m. CDT COLUMBIA — Increasing frustration over Missouri’s 90-year-old income tax has prompted legislators to begin pushing an alternative that to date has been little more than a fringe issue on the national political scene. Although the proposal to let voters decide whether to […]
The St. Louis American: Prop A and the poor: Sinquefield’s tax policies would shift burden to sales tax and low-income
January 4, 2013
(PDF of Original Post) Posted: Friday, October 1, 2010 12:00 am Prop A and the poor: Sinquefield’s tax policies would shift burden to sales tax and low-income By Rebecca S. Rivas of The St. Louis American St. Louis American | 0 comments For Missourians who make $17,000 or less, about six percent of their income […]
Huffington Post: The Millionaire Migration Myth: Don’t Fall for This Anti-Tax Scare Tactic
January 4, 2013
(Original Post) Posted: 03/31/11 09:21 PM ET Virtually every state in the country has a tax system that heavily favors the rich. Despite this fact, only a handful of states responded to the revenue slump brought on by the Great Recession with any sort of tax increase on this favored group. What gives? With so […]
Tri-Parish Times: Will Jindal go for more sin taxes?
January 4, 2013
(PDF of Original Post) By TOM ASWELL During the 1988 presidential race, Vice President George H.W. Bush proclaimed, “Read my lips: no new taxes!” That famous line helped him defeat Michael Dukakis but when he was forced to back-track on that promise, it was his eventual undoing. Bill Clinton’s own pithy campaign slogan “It’s the […]
Arkansas Times: Kicking the Poor Around
January 3, 2013
(PDF of Original Post) Kicking the poor around While Arkansas and five other states might be considered “low tax” states overall, their taxes aren’t low for poor and middle-income families, according to the Institute on Taxation and Economic Policy, a Washington think tank. ITEP looked at data released earlier this summer by the Census Bureau […]
Politifact: Paul Krugman says poorest 40 percent of Texans pay more in Texas than national average
December 21, 2012
(Orignal Post) Says taxes paid by the poorest residents of Texas are above the national average. Paul Krugman on Monday, February 28th, 2011 in an op-ed column. Paul Krugman says poorest 40 percent of Texans pay more in Texas than national averageTrue New York Times columnist Paul Krugman sees Texas as a model for how […]
AOL Daily Finance: The True Cost of State Sales Tax Holidays
December 21, 2012
Original Post August 12, 2011 by Sheryl Nance-Nash ‘Tis the sales-tax-holiday season, when states give the gift of tax-free shopping for clothing, computers and other back-to-school supplies. It seems like a good thing: Take a little pressure off the pockets of cash-strapped parents, make retailers smile and make politicians look good for supporting tax relief. […]
Huffington Post: Texas Tax System Heavily Burdens Poor Residents
December 21, 2012
Also featured in Huffpost Hill Digest on August 19, 2011 Original Post August 19, 2011 by Laura Bassett During his presidential campaign announcement speech last week, Texas Gov. Rick Perry lamented the “injustice” that nearly half of all Americans — the poorest half — “don’t even pay any income tax.” But in Texas, the tax […]
AlterNet: Rich Lifestyles of the GOP’s Starve-the-Poor Presidential Candidates
December 21, 2012
Original Post September 1, 2011 by Rania Khalek With the campaign season for Republican presidential primaries in full bloom, the candidates are falling all over each other in a fierce competition to tout their conservative bona fides. Even as housing foreclosures reach all-time highs, and unemployment in some states climbs into the double digits, Republican […]
Christian Science Monitor: Jon Huntsman vs. Rick Perry: Shoot-out at the GOP corral
December 21, 2012
Original Post August 21, 2011 by Brad Knickerbocker Jon Huntsman and Rick Perry represent very different views of how a Republican can beat Barack Obama in 2012. To jazz up his campaign, Huntsman laid into tea party favorite Perry Sunday. In the end, whoever wins the GOP presidential nominating contest will have to take on […]
Think Progress: Perry Brags About Texas’ Tax System That Charges The Poor Four Times As Much As The Rich
December 21, 2012
Original Post September 16, 2011 by Pat Garofalo Texas Gov. Rick Perry (R) was on the campaign trail in Newton, Iowa today, reviving his stump speech promise to make government “as inconsequential in your life as I can.” At one point, Perry bragged about the Texas tax system and its light burden on “job creators”: […]
St. Louis Post-Dispatch: Effort to kill Missouri income tax has begun in earnest
December 21, 2012
Original Post September 26, 2011 by Virginia Young JEFFERSON CITY • Wrestling with your state income tax return? Missouri legislators are weighing a plan that would do away with that chore. But before you celebrate, be aware that it’s not a tax cut. While state individual and corporate income taxes would be eliminated, the lost […]
Huffington Post: Poverty Is Rising, But State Tax Systems Burden The Poor, While Rich Get Off Easy
December 21, 2012
Original Post September 27, 2011 by Tyler Kingkade WASHINGTON — Newly released U.S. Census data reveal that poverty levels have skyrocketed, but in most states, the tax systems disproportionally burden the poor. Most states also impose tax structures similar to what current Republican presidential candidates are advocating, and experts warn these should serve as cautionary […]
Fox 4 TV News Kansas City: Will Kansas Eliminate Income Tax?
December 21, 2012
October 25, 2011 by John Pepitone and Christie Walton A new group wants Kansas to join nine other states that don’t have an individual income tax. Supporters claim states like Texas, Tennessee and Florida are growing faster and creating new jobs because they don’t have an income tax. A proposal to eliminate the state […]
The Hill: Corporations paid half statutory tax rate
December 21, 2012
Original Post By Bernie Becker – 11/03/11 12:01 AM ET A large swath of Fortune 500 companies, on average, paid an effective tax rate that was essentially half the top statutory corporate rate of 35 percent in 2009 and 2010, a new study found. The report, from the liberal advocacy groups Citizens for Tax Justice […]
Salon: America’s corporate tax obscenity
December 21, 2012
(Original Post) A new report about companies’ finances won’t just enrage you — it’ll make you run to the nearest protest By Andrew Leonard In 2010, Verizon reported an annual profit of nearly $12 billion. The statutory federal corporate income tax rate is 35 percent, so theoretically, Verizon should have owed the IRS around $4.2 […]
Salon: America’s corporate tax obscenity
December 19, 2012
(Original Post) A new report about companies’ finances won’t just enrage you — it’ll make you run to the nearest protest By Andrew Leonard In 2010, Verizon reported an annual profit of nearly $12 billion. The statutory federal corporate income tax rate is 35 percent, so theoretically, Verizon should have owed the IRS around $4.2 […]
Minnesota Post: New study sure to intensify political battle over corporate income taxes
December 19, 2012
(Original Post) By Dave Beal | Friday, Nov. 4, 2011 Best Buy faced a federal income tax liability of 39.3 percent for the three-year period of 2008-10 — above the statutory rate of 35 percent — while Wells Fargo ended up paying nothing. The disparity between two companies with a strong Minnesota presence is not […]
Austin Statesman: An occupation with purpose, and peace
December 19, 2012
Editorial Board Updated: 8:57 p.m. Friday, Nov. 4, 2011 Published: 8:34 p.m. Friday, Nov. 4, 2011 We’re thankful Austin hasn’t experienced the violence that has plagued other offshoots of the Occupy Wall Street movement, especially in Oakland, Calif. We thank the protesters who have been camping out at City Hall since Oct. 6 for their […]
The Hill: Pentagon Notebook: Report shines a light on defense firms’ low tax rates
December 19, 2012
(Original Post) By John T. Bennett – 11/06/11 11:28 AM ET A new report has branded U.S. defense firms with a label that has become a political target, charging that they pay too little in taxes. American defense manufacturers pay an average annual tax rate of 17.5 percent, placing them in a class with some […]
Bloomberg: Sixty-Eight U.S. Companies Avoided State Income Tax, Study Finds
December 19, 2012
(Original Post) By Andrew Zajac – Dec 7, 2011 12:29 AM ET Sixty-eight large U.S. corporations paid no state income tax in at least one of the past three years and 20 had an average tax rate of zero or less in that period, according to a report by the Institute on Taxation and Economic […]
KWGS News: Big Corporations Avoiding Taxes
December 19, 2012
(2011-12-07) OKLAHOMA CITY, OK (kwgs) – A comprehensive new study finds that many consistently profitable companies are paying little to no corporate income taxes on those profits. Out of 265 Fortune 500 companies examined, 68 managed to pay no state income tax in at least one out of the last three years, despite making almost […]
The Epoch Times: Many Large Firms Paid No State Taxes, Report Says
December 19, 2012
(Original Post) By Alex JohnstonEpoch Times Staff Created: December 8, 2011 Last Updated: December 8, 2011 A report released on Wednesday found that 68 large companies in the United States paid no state income taxes in at least one of the past three years, and 20 of these companies had a tax rate of zero […]
About.com: Corporate Tax Dodgers Hurting States, Group Says
December 19, 2012
(Original Post) By Robert Longley, About.com Guide December 16, 2011 If your state, like most states, is hurting for money and is putting the squeeze on you for more, then this news will not make it hurt any less. A new report from the Citizens for Tax Justice (CTJ) identifies 256 Fortune 500 corporations which, […]
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