Posts filed under “Taxes and Policy”

The Kansas Experiment is Over. Kansas Lost

Every year, right after the April 15 tax deadline, the U.S. Census releases its data on the prior year’s state tax collections. It is a fascinating document, filled with great data points for tax and policy wonks. It reveals a good deal about the state of local economies, economic trends and results of specific policies. In broad terms, the financial fortunes of the states are improving.

A quick excerpt:

State government tax revenue increased 2.2 percent, from $847.1 billion in fiscal year 2013 to $865.8 billion in 2014, the fourth consecutive increase, according to the U.S. Census Bureau’s 2014 Annual Survey of State Government Tax Collections.

General sales and gross receipts taxes drove most of the revenue growth, increasing from $258.9 billion to $271.3 billion, or 4.8 percent. Severance taxes increased 6.0 percent, from $16.8 billion to $17.8 billion, and motor fuel taxes increased 3.4 percent, from $40.1 billion to $41.5 billion.

You can read the full press release here or access all of the data directly from the Census.

There are some truly fascinating data points in the report:

 

Continues here:  Supply-Side Doom in Kansas

 

Category: Data Analysis, Really, really bad calls, Taxes and Policy

State Government Tax Collections Summary Report: 2014

Source: Census

Category: Taxes and Policy, Think Tank

1.4% Price Rise Gets Wal-Mart Off Welfare

Te question I keep asking (here, here and here) is why are taxpayers subsidizing a giant, private, profitable company?

The video goes over the numbers, but here are is the one that jumped out at me:

Wage: $13.63/hour (based on a 30 hour work week)
Cost: $4.8 billion per year

If Wal-Mart Paid A Living Wage, How Much Would Prices Go Up?

Category: Taxes and Policy, Video, Wages & Income

U.S. Taxes Are Low Compared with Other Developed Economies

Source: Pew Research

Category: Taxes and Policy

Do Federal Taxes Reduce Income Inequality?

These Legos make depressingly clear just how much money the top 1 percent has


Source: Vox

Category: Taxes and Policy, Video, Wages & Income

State Individual Income Tax Brackets

Source: Flowing Data

Category: Taxes and Policy

Investor Friendly Tax Policy Both Parties Can Like

It’s tax day. Perhaps like millions of your fellow Americans, you waited to the last minute to file and will be trudging off to the post office or filing electronically later today. I’m not going to lecture about your procrastination. However, I am going to ask you two somewhat tax-related questions: 1. How much have…Read More

Category: 401(k), Investing, Taxes and Policy

John Oliver: The IRS

Nobody likes the IRS. But recent budget and staff cuts have made it increasingly difficult for the department to do its very important job. Don’t take our word for it. Ask Michael Bolton.


Source: HBO

Category: Humor, Taxes and Policy, Video

2015’s Tax Day By The Numbers

Source: Wallet Hub

Category: Digital Media, Taxes and Policy

Ripping Off Uncle Sam

Source: Bloomberg

Category: Digital Media, Legal, Taxes and Policy