State/Local Feed

The wealth-tax proposal advocated by Sen. Elizabeth Warren includes a hefty marriage penalty, according to one leading economist's analysis. (Photo courtesy Warren's Facebook page) It's another weekend, so that means it's time for another look at wealth tax proposals. Yeah, I know it seems like I'm in a bit of a rut, having posted about proposals from Democratic presidential hopefuls in recent weekends (on Aug. 18, Sept. 14 and a Monday, Sept. 16). But the suggested ways to get more money from the rich are still getting attention. Wealth tax roadblocks: Personally, I don't think any of these sweeping measures... Read more →


Nonprofits are a bigger part of our lives than we tend to realize. The hospital your or your children were born in likely was a nonprofit. That museum you visited on your last vacation opens its doors as a nonprofit entity. And, of course, the house of worship you attend each week is one, too. In addition, millions annually give time and money to nonprofit groups. In most instances, cash donations to charities are not driven by tax breaks. Folks simply give to a favorite charitable organization because they support its goals. Still, says a new report from the National... Read more →


Lyft and Uber rides would face a new fee in Seattle to help pay for a public transportation option. (Photo by Daniel X. O'Neil via Flickr Creative Commons) The hubby inherited some gas leases from a distant relative many years ago. It's not quite the same as Texas legend Eddie Chiles' famous urging that "if you don't have an oil well, get one," but the royalties have come in handy. One of the first purchases we made using this money was to buy new bicycles. We got a kick out of fossil fuels paying for a more climate-friendly way to... Read more →


Vaping was once thought to be a safe alternative to cigarettes. That perspective is changing. Dramatically. Nationwide, 530 cases of lung illnesses believed to be from vaping have been reported in 38 states and one U.S. territory. Seven deaths have been reported from six states. When the illnesses and fatalities started surfacing, even the White House reacted. Donald J. Trump initially floated a ban on some electronic cigarettes, but that position apparently has been revised. Some Republican political data show that a no-vaping position could pose a problem with Trump's electoral base. Maybe that's why Trump more recently walked back... Read more →


It's Friday the 13th and a full moon will rise late tonight. Werewolves and Friday the 13th. Scared yet? Take a breath. Depending on where you live, and how superstitious you are, tonight might not be so bad. The Farmers' Almanac says folks in the Pacific, Central and Mountain time zones will get to gaze on the full moon before midnight this Friday, Sept. 13. However, if you live in the Eastern time zone, the moon won't be full until 12:33 a.m. on the less spooky Saturday, Sept. 14. Micro Harvest moon: Plus, it won't be a very big full... Read more →


What's worse than losing your home to a disaster? Having to pay taxes on the destroyed property. That's what a Southwestern Pennsylvania family is dealing with now. After losing their home and all its contents to a fire last November, Rich and Catherine Hooks recently learned that they are responsible for the 2019 property taxes due on their no long in existence Westmoreland County home. "The taxes should be lower because the house isn't there," Mrs. Hooks told TribLive.com. But the county tax assessor didn't know that. So the prior tax valuation stood. When a significant change occurs on a... Read more →


As I was making my usual trip between my mother's and home, I noticed a wide range of prices at gas stations along the way. Heck, I noticed some wide differentials in fueling stops less than a mile apart in my area of Austin. The one consistent factor was that they all were down from earlier this summer. That's not a surprise. Now that the long Labor Day weekend is over, the summer vacation season where most folks still load the family in a car and hit the road is done, too. So what exactly affects the price of gasoline?... Read more →


Andrew Luck announces his retirement from the NFL's Indianapolis Colts. The main reason the young quarterback quit the game was injuries. A bonus to his departure: no more jock tax calculations. The National Football League's 2019 season kicks off tomorrow night, but Indianapolis Colts quarterback Andrew Luck won't be on the field. The 29-year-old stunned the sports world on Aug. 24 when he confirmed rumors that he was retiring from the sport. Colts owner Jim Irsay estimated that Luck could be giving up as much as $450 million in future salary. Luck, however, obviously thinks he has made enough money... Read more →


Emmanuel Macron, left, and Donald J. Trump at the beginning of the just-completed G7 session in France. As the international gathering closed, the pair announced a deal had been reached to ease U.S. concerns over France's digital tax and French worries about possible U.S. tariffs on Gallic wines. Good news for French wine fans. Donald J. Trump and Emmanuel Macron apparently arrived at a rapprochement at the G7 meeting in France this weekend. The threatened tariffs on French wines won't be imposed. That means the only taxes we wine drinkers will face are the long-standing U.S. federal and state-levied excise... Read more →


When California last year joined the literal growing ranks of states that have legalized marijuana, initial projections were that the state soon would be raking in $1 billion annually from weed-related taxes. That apparently was a pipe dream. The report on Golden State cannabis excise taxes collected between April and June was just $74 million. That disappointing revenue amount is this week's By the Numbers figure. Even more discouraging, California Gov. Gavin Newsom's office sharply scaled back projected tax dollars from the state's legal weed market. That's been the case in other states, too. In pushing through legal marijuana, both... Read more →


August is here, but few of us have put out the welcome mat. The eighth month of the year tends to be one of the hottest of the year. Most of the summer's fun events have come and gone. And school is about to start. OK, that last point is a positive for many parents who are running out of patience with the kids being underfoot all the time. Those moms, dads and all other shoppers in 13 states at least will get some state sales tax holidays to make this muggy month a bit more tolerable. Those tax-free events... Read more →


A co-owner of MLB's Chicago Cubs is facing major real estate tax bills. (Photo by Dave Sizer via Flickr CC) The one and only Major League Baseball trade deadline is almost here. It's 3 p.m. July 31, in case you're waiting for your team to get that one player who'll help win a pennant or more. Most owners are focusing on how much money they're willing to spend to get that key player (or players). Todd Ricketts, however, has another money matter on his mind. The co-owner of the Chicago Cubs, who are duking it out with the St. Louis... Read more →


We're halfway through the second year of the Tax Cuts and Jobs Act (TCJA) and its effects, pro and con, are still being debated. Some of those disputes will play out in court, like the latest challenge to the tax reform law's limits on federal tax deductions for state and local taxes (SALT). This latest SALT legal action, brought by New Jersey, New York and Connecticut, was prompted by Treasury's and the Internal Revenue Service's regulation, finalized last month, that effectively guts the charitable workarounds these states had created to provide their residents full federal tax benefit of their state... Read more →


States as well as shoppers now must deal with remote sales taxes. (Image by Daniela Hartmann via Flickr CC) Just over a year ago, the Supreme Court of the United States (SCOTUS) struck down a previous ruling and expanded the ability of states to collect sales tax on from remote sellers. Many states in the wake of the 5-to-4 SCOTUS decision in South Dakota v. Wayfair have or are working on systems to collect sales tax from sellers who don't have a physical presence in their states. New Hampshire, however, has taken a different approach. The state has no sales... Read more →


School has already started in many places, but one state is still holding a sales tax holiday for folks looking to get a tax bargain on children's (and actually anyone's) clothing and shoes. Connecticut's qualifying items will be tax-free through Aug. 24. We Americans just can't seem to slow down, even during the traditional summer vacation season. We always are looking ahead. School's just been out a few weeks in most places and already ads for back-to-school sales are showing up in our television shows, print publications (yeah, a few are still around and read by some of us) and... Read more →


North Carolina offers many gorgeous vistas, but the tax view for some trusts wasn't nearly so nice until a recent Supreme Court ruling. Now they can claim refunds of overpayments. (Blue Ridge Mountains viewed from Blue Ridge Parkway's Deep Gap overlook in western North Carolina; photo by Ken Thomas via Wikipedia Commons) You've got to appreciate the audacity of Tar Heel State tax officials. North Carolina decided it was due tax on a trust because a beneficiary was a state resident. That recipient of trust proceeds, Kimberley Rice Kaestner, was North Carolina's only connection to the trust. The person who... Read more →


A U.S. Geological Survey map displays the magnitude-7.1 earthquake that rattled Ridgecrest, California, Friday July 5, 2019. When the Northridge earthquake devastated that part of Southern California 25 years ago, I worked for a company headquartered in the area. Lucky for me, I was in the firm's government relations office in Washington, D.C., when the deadly 6.7 magnitude quake hit the early morning of Jan 17, 1994. Many of my California-based coworkers, however, sustained property damages. Some of those folks still live in Southern California. So do some of my relatives. Dangerous quake duo: This week, they felt the long-distance... Read more →


In many states, sales taxes add to the costs of holiday fireworks. A few collect excise taxes, too. If the levies are dedicated to specific causes, they can do a lot of good. Read on for my suggested beneficiaries of pyrotechnics taxes. States take almost every opportunity they can to add to their coffers. That tendency also applies to July 4th celebrations. The obvious revenue connection is sales tax applied to purchases firecrackers, bottle rockets, sparklers and the wide variety of personal pyrotechnics. The sales numbers explain the appeal to state and local tax collectors. In 2018, the U.S. pyrotechnics... Read more →


Filling up photo by Jackson Lavarnway via Flickr CC If you're reading this, you're probably already clock watching. The Fourth of July holiday is less than two days away and, if you've got an accommodating boss, you'll get a nice long weekend. But until then, you're at your desk. When you do finally take off for your July 4th celebrations, you'll likely hit the road. That means you have two concerns. First, how bad will traffic be? Second, what will it cost me to fill up my tank? Spoiler alert, traffic will be crazy. Spoiler alert redux, motorists who live... Read more →


I admit it. I'm freaking out with this pre-All Star break slump that the Houston Astros are experiencing. My only consolation is that my pain is all emotional and psychic, not monetary since I don't bet on sporting events. I, however, apparently am in the minority. Now that sports gambling is legal, it's going gangbusters in the states where it's been approved. N.J. bettors take over: That's definitely the case in New Jersey, the state responsible for the Supreme Court ruling back in May 2018 that overturned federal law outlawing sports wagering in most parts of the United States. The... Read more →