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Archive for July 30th, 2009

More Unfair & Ridiculous State Taxes

Posted by taxguru on July 30, 2009

Thanks to Neal Boortz for these bits on the efforts of many states to squeeze more money out of as many people as possible.

Facing budget gaps, U.S. states shuffle tax codes

Hawaii residents now taxed on Vegas winnings even if they lose – This is a perfect example of how the very concept of fairness is being tossed out the window for the sake of money by those in power. Taxing gross gambling winnings with no deduction allowed for gambling losses is ridiculous; but an indicator of things to come at both the State and Federal levels.

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