2012 Election »
The 2012 election will present voters with choices, some of which may have profound ramifications for individual states and for the nation at large. A variety of states, including Arkansas, California, Georgia, Florida and Colorado, will have tax-related initiatives on their respective ballots, which may impact your local sales tax, property tax or income tax. Before you head to the polls, use the information contained on this site to educate yourself about the issues and how they will impact your life.
California’s Tobacco Tax and Cancer Research Act
Top Takeaways 1: The California Tobacco Tax and Cancer Research Act The initiative plans to raise the current tobacco tax by one dollar per pack. As of right now, the California tobacco tax is
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President Obama Releases 2011 Tax Return
With less than a week remaining to file your federal income tax return, President Obama and First Lady Michelle released their 2011 federal income tax return showing an adjusted gross income of $789,674. There
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The Buffett Rule: Fairness among Millionaires
The White House National Economic Council released The Buffett Rule: A Basic Principle of Tax Fairness providing support for President Obama’s tax proposal to apply a minimum tax upon millionaires. The proposed rule, named
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South Dakota Voters to Decide Important Tax Changes
Voters in South Dakota will have two separate tax initiatives to decide during the Nov. 6 general election. The first initiative would raise the state’s sales tax, and the second initiative would repeal a
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North Dakota Initiative Would Completely Eliminate Property Taxes
Several states have property tax initiatives on their upcoming ballots, including Arkansas, Alaska and Florida, but one state is actually giving voters the opportunity to eliminate property taxes altogether. North Dakota Measure 2 will
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Flat Tax
Top Takeaways 1. United States has a progressive tax system The U.S has a progressive income tax, meaning that a higher income is taxed at a greater percentage rate than a lower income. Your
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