Revenue collections were boosted in part by the 2017 federal Tax Cuts and Jobs Act (TJCA), the report notes, in addition to robust stock market returns.
Whenever Sen. Elizabeth Warren, D-Mass., is asked how she’ll fund “free” college tuition and her many other promised goodies, she has a ready answer: A 2% annual tax on accumulated wealth in excess of $50 million.
It’s nice to have more money in your pocket. And thanks to the 2017 tax cuts, the typical American is now paying less in taxes.
Wealthy taxpayers are something we should want to cultivate, not strip mine or hunt into extinction. So, maybe take some time today as you’re filing your taxes to thank the rich. Imagine what your bill would be without them.
This year, “Tax Freedom Day” — the day after which Americans have worked enough days of the year to pay their taxes — occurs just one day after “Tax Day,” April 15, the deadline for filing federal tax returns.
Just in time for the April 15 tax-filing deadline, a new online report shows that Vermonters have a lot of reasons to sing the blues: They have one of the nation’s highest state tax loads to bear.
Maybe it’s time for our elected officials to consider that this approach to policy is why we have a stagnant population, anemic economic growth and trouble convincing young working people to come or stay here.
Average hourly earnings rose 3.4 percent in February, marking the greatest earnings increase since April 2009, according to the latest Bureau of Labor Statistics (BLS) report. February earnings were the seventh consecutive month during which compensation was three percent or higher.
H.439, a bill to double the tax on most home heating fuels, passed the Vermont House Tuesday afternoon after lengthy debate. It was opposed by most Republicans and independents and supported by most Democrats and Progressives.
Vermont continues to rank behind most other states when it comes to tax burden, according to a report by 24/7 Wall Street.
The flood of proposed new taxes, regulations and curbs on traditional culture have something in common: they are almost universally hostile to low- and middle-income, rural, working Vermonters.