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Archive for the ‘StateTaxes’ Category

State Tax Rates Vary Widely

Posted by taxguru on September 1, 2015

The different tax rates levied by the various States have long been part of the tax planning analyses I have done for clients.  Occasionally, this has resulted in shifting some operations and income into lower tax States in order to save thousands of dollars a year in taxes.


Taxpayers Fleeing Democrat-Run States for Republican Ones – From Americans for Tax Reform


The Tax Foundation has just released a very comprehensive study of the effective tax burdens on several different kinds of business in each of the American States, plus DC.  They even contrast the tax rates for newer businesses versus more mature ones. The report is free to download and is an interesting tool for those considering the possibility of reducing their State tax burdens. 

The  article explaining the report

The report itself – 128 page PDF


TaxCoach Software: Finally! Plain-English Tax Planning That Builds Your Business!

Posted in StateTaxes | Comments Off on State Tax Rates Vary Widely

Beware of States that are desperate for money…

Posted by taxguru on June 27, 2015

Since fines and taxes are considered to be synonyms by some of our rulers, they will continue to look for more ways to squeeze money out of the public.  Charging thousands of dollars for minor traffic offenses is one way the bozos in charge of the PRC are pay for their insane spending programs.

‘All about the money’: Motorists plagued by sky-high Calif. traffic ticket fines

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Moving to lower tax states…

Posted by taxguru on June 23, 2015

I have always loved seeing stories such as this, where it’s apparent that not everyone is willing to bend over and let their State rulers fiscally rape them.

Tired of high taxes? Maybe it’s time to move

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Moving Van Tax Savings…

Posted by taxguru on April 8, 2015

The kind of story that gives me some hope that not everyone agrees to just bend over, grab their ankles and let the States continue to fiscally rape them.

Report: People Fleeing High-Tax States for Low-Tax Alternatives

You can download the actual 58 page pdf of the full report mentioned in the above article here, Rich States, Poor States.”


Posted in StateTaxes | Comments Off on Moving Van Tax Savings…

TurboTax Fraud

Posted by taxguru on February 6, 2015

I’ve always made it very clear that I think trying to prepare your own tax returns is crazy, even when software companies such as Intuit make the idiotic claim that their DIY programs can replace experienced tax preparers.  I was always referring to legitimate tax returns.  It now appears that crooks have been successful at using TurboTax to file phony tax returns.  The bad guys have been so successful that Intuit has had to shut down their e-filing for all State income tax returns.

TurboTax halts state filings amid fraud outbreak  – from USA Today
Intuit Working With State Governments to Solve Emerging Tax Fraud Problem – from the TurboTax blog

Update: Arkansas DFA has just released this press release regarding this issue.  Basically, it acknowledges the issue, but claims that they are not aware of it happening yet in Arkansas.  However, as a precaution, they will be closely examining the 7,500 TurboTax refund requests that have already been processed for 2014.  Considering that the MO of the crooks has been to file fake returns early in the season and thus freeze out the actual taxpayers, I am betting that the DFA will be discovering several fraudulent refund claims in that batch.

Update 2: addresses this story: TurboTaxed 

Update 3: Minnesota Isn’t Taking Any More TurboTax Returns

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State Taxes Can Influence Business Locations

Posted by taxguru on October 28, 2014

The Tax Foundation has released its 2015 State Business Tax Climate Index:

Their announcement and summary

The full 76 page pdf.

From the Executive Summary:

The 10 best states in this year’s Index are:

1. Wyoming
2. South Dakota
3. Nevada
4. Alaska
5. Florida
6. Montana
7. New Hampshire
8. Indiana
9. Utah
10. Texas


The 10 lowest ranked, or worst, states in this year’s Index are:

41. Iowa
42. Connecticut
43. Wisconsin
44. Ohio
45. Rhode Island
46. Vermont
47. Minnesota
48. California
49. New York
50. New Jersey



Posted in StateTaxes | Comments Off on State Taxes Can Influence Business Locations

More Tax Refugees on the move

Posted by taxguru on March 6, 2014

It’s always great to see when people reach their breaking point after being fiscally raped by the DemonRats, who have never been able to grasp the moral of Aesop’s Goose That Laid the Golden Egg fable.  In these East Coast cases, the most popular destination is down here in Florida.  The excellent weather is just an added bonus to the tax savings.

About $5.5 billion left NJ in ‘tax migration,’ study finds

De Blasio’s anti-rich policies are driving wealthy people out of NYC


Posted in SoakTheRich, StateTaxes | Comments Off on More Tax Refugees on the move

Worst Tax States

Posted by taxguru on January 29, 2014

For those considering relocating, The Fiscal Times has this interesting slide show of what they have ranked as the ten worst tax states for 2014, along with details on their tax rates. 

They are:

1.  New York

2.  New Jersey

3.  California

4.  Minnesota

5.  Rhode Island

6.  Vermont

7.  North Carolina

8.  Wisconsin

9.  Connecticut

10.  Maryland


TaxCoach Software: Are you giving your clients what they really want?


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Super Taxes

Posted by taxguru on January 28, 2014

New Jersey Taxes Could Eat Up All Of Peyton Manning’s Super Bowl Earnings – Holding the game in the highest tax state in the country will cost all of the players a lot of extra taxes compared to what they would be if the game were played down here in Florida. The much nicer weather down here would be an added bonus for everyone.


Posted in StateTaxes | Comments Off on Super Taxes

Business-Friendly vs Hostile States

Posted by taxguru on October 10, 2013

Interesting report from the Tax Foundation as to the relative business tax climate of the various States in this country. 

Ranked from 1 as the most business friendly to 50 as the worst place to conduct business, the winners and losers are:

Top 10

  1. Wyoming
  2. South Dakota
  3. Nevada
  4. Alaska
  5. Florida
  6. Washington
  7. Montana
  8. New Hampshire
  9. Utah
  10. Indiana


Bottom 10

  1. Maryland
  2. Connecticut
  3. Wisconsin
  4. North Carolina
  5. Vermont
  6. Rhode Island
  7. Minnesota
  8. California
  9. New Jersey
  10. New York


Their summary of the report:  2014 State Business Tax Climate Index

The full report : 56 page pdf

Washington Posts’s article about this report: Western U.S. best for business, Tax Foundation says



TaxCoach Software: Are you giving your clients what they really want?


Posted in StateTaxes | Comments Off on Business-Friendly vs Hostile States


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