It was a high old time last week at my other tax blog.
A study by the Institute on Taxation and Economic Policy (ITEP) found that states with high tax rates generally do better than no-tax states by most economic measurements.
Go ahead readers in the nine no-income-tax states of Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming and those living in California, Hawaii, Maine, Maryland, New Jersey, New York, Ohio, Oregon and Vermont, the nine states deemed high-tax, sound off. I'm ready to hear why ITEP is right or wrong!
Then there are the highly charged emotional reactions that followed the nation's high court's ruling on the health care law. The U.S. Supreme Court announced on June 28 that the so-called Obamacare is constitutional based on Congress' power to lay and collect taxes.
The health care tax -- which was carefully referred to as a penalty, not a tax, when the law was debated on Capitol Hill -- is the the individual mandate charge that will be assessed beginning in 2014 on people who choose not to buy insurance coverage.
You can check out my posts over at Bankrate Taxes Blog each Tuesday and Thursday. If you happen to miss them on those days, you can find a wrap-up here the following weekend.
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