State Income Tax Changes Over the Past 5 Years How have state income taxes changed over the past 5 years? Today’s graphic from the Visual Capitalist compares how state income taxes have changed between 2000 and 2025. Stay safe, watch your wallet and have a Happy Friday!!! Hat tip to the Visual Capitalist. How […]
The Impact of Property Taxes on Local Government Financing
The Places with the Highest Property Tax Rates in 2025 Read More »
The Pacific Legal Foundation recently announced that a Michigan mother has appealed to the Michigan Supreme Court to uphold her constitutional right to fair compensation after her home was foreclosed on by Manistee County, sold, and the county kept $102,636 more than she owed. Chelsea Koetter, a single mother of two, fell behind on her
Several states across the nation are holding off sales tax holidays for the back-to-school season. Whether you think this is good or bad public policy can be saved for another day; the bottom-line is saving your hard-earned money! The data has been provided by the Federation of Tax Administrators and actually covers the entire year
According to a report from CBS News, the IRS is gearing up to increase audits in an effort to crack down on tax evasion and generate more revenue for the U.S. Treasury. This initiative follows the passing of the Inflation Reduction Act (IRA) which allocated $80 billion in new funding. The plan outlined by the
IRS predicts a significant increase in the number of audits. Read More »
According to the National Association of Realtors (NAR) Chief Economist, Yun, small investors, commonly referred to as “mom and pop investors,” would greatly benefit from a reduction in capital gains taxes. Yun suggests that lowering capital gains taxes would provide these investors with increased opportunities to grow their investments and generate higher returns. By reducing
NAR’s Yun Advocates for Capital Gains Tax Cut to Benefit Small Investors Read More »
According to recent analysis from the NAHB’s Eye on Housing, state and local tax data from the U.S. Census show that $286 billion in taxes were paid by property owners in Q4 of 2022. In fact, state and local governments collected $714 billion in property taxes in 2022, $46 billion more than 2021. The Eye
Nationwide Property Tax Revenues See Largest Increase Since 2009 Read More »
Understanding The Tax Laws and Regulations is Crucial for Real Estate Investors By Tiffany McBroom and Melanie Sikma Real estate investment is a popular and profitable venture for many individuals, but navigating the tax implications can be overwhelming. It is crucial for real estate investors to understand the tax laws and regulations specific to real
Understanding the Tax Laws and Regulations is Crucial for Real Estate Investors Read More »
Statista says 50 out of the 75 largest cities in the U.S. are currently running a deficit and, in some cases, a pretty hefty one. Today’s chart illustrates those cities with the highest municipal debts per taxpayer. Indeed….Stay safe and have a Happy Friday!! “…despite being obligated to pay employees’ pension and retiree health care