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.
Archive for the ‘StateTaxes’ Category
Posted by taxguru on June 27, 2015
Posted in StateTaxes | Comments Off on Beware of States that are desperate for money…
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.
Posted in StateTaxes | Comments Off on Moving to lower tax states…
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.
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…
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: Snopes.com addresses this story: TurboTaxed
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:
2. South Dakota
7. New Hampshire
The 10 lowest ranked, or worst, states in this year’s Index are:
45. Rhode Island
49. New York
50. New Jersey
Posted in StateTaxes | Comments Off on State Taxes Can Influence Business Locations
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.
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.
1. New York
2. New Jersey
5. Rhode Island
7. North Carolina
Posted in StateTaxes | Comments Off on Worst Tax States
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
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:
- South Dakota
- New Hampshire
- North Carolina
- Rhode Island
- New Jersey
- 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
Posted in StateTaxes | Comments Off on Business-Friendly vs Hostile States
Posted by taxguru on September 15, 2013
Excellent look at how much wealth has moved from high tax states to low and zero income tax states, a real life strategy I have been working with people on for decades. It’s always heartening to see where people refuse to just bend over and let their States fiscally rape them.