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Tag: taxation


Why are Solidly Red Republican Sates Raising Taxes?

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Many Idahoans were shocked and appalled when the Idaho Legislature jacked up their taxes and vehicle registration fees in the late-night gimme-fest at the end of the 2015 Legislative session, but Idaho isn’t the only solidly Republican state where lawmakers are eyeing your wallets with lust in their eyes.

The Daily Caller reports that in South Carolina, Republican lawmakers voted to overrule Gov. Henry McMaster’s veto to increase the state’s gas tax and blocked a filibuster.

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US Property Taxes Hit Record $541 Billion in 2016

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Are we living under capitalism or feudalism? It’s rather difficult to say when more than half a trillion dollars is extracted from the American people annually through property taxes just to keep what’s theirs.

CNS News reports the following disturbing information.

Americans paid a record $540,701,000,000 in property taxes to state and local governments in fiscal 2016, according to the U.S. Census Bureau.

That was up $16,748,620,000—or about 3.2 percent—from $523,952,380,000 in property taxes (in constant 2016 dollars) that state and local governments collected in fiscal 2015.



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More than half of Prince’s $100 – $300 million estate will go to taxes

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This article was written by Claudia Rosenbaum and was originally posted here.


Without a will or any financial planning, experts say more than half of Prince’s vast estate will go to state and federal taxes.

Before Prince’s death, his estate — which includes property, music royalties, and other ventures — was widely estimated to be at least $100 million. But according to Forbes, the value could wind up as high as $300 million.

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