In order to compensate for budget deficits, many states across America have raised various taxes. Most of the increases came in personal income rates and excise taxes on such items as tobacco, alcohol, gasoline, hotel room fee and airport fees. Ten states increased cigarette taxes, seven states hiked personal income tax rates, four states increased their sales tax rates and one state – Oregon – increased its corporate income tax rate.
Posts Tagged ‘taxes’
The midterm elections brought some surprises, but significant new tax legislation changes went relatively unnoticed by the media. Don’t be fooled. The Pension and Protection Act of 2006 (PPA) brings sweeping reforms to our retirement system. The intent is to protect employee benefits and boost retirement saving.
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