Economic News › Tax ›

Tax

Massachusetts may have 2010 ballot measure to cut sales tax

The Boston Herald reports that a proposal to cut the Massachusetts sales tax rate may be on the state ballot in the 2010 election year.

Per call overseas call center tax proposed

Senator Charles Schumer (D-NY) announced today that he will be introducing a bill that would charge companies a 25 cents per call excise tax for calls routed to overseas call centers.

Tax News

House hearing on first time home buyer tax credit
Many in the housing industry are urging Congress to extend the first time home buyer tax credit for an additional year and to make it available to all
Home builders worry about finance and expiring tax credit
Lack of credit may hamper any near term housing recovery.
Worst states for taxes 2010
Some states such as New Jersey, New York and Iowa rank in the bottom third for many of the factors considered, so where do they rank?
Best states for taxes 2010
12 states do not impose either the business tax, personal tax or sales tax. Where do they rank?
New York 2010 tax revenues, Wall Street and the recession

The economic downturn has put considerable stress on the budget of states like New York. Declines in employment, income, and business activity have translated into lower tax revenues.

Recent Tax News

IRS owes taxpayers money from tax refunds
You may be owed money by the IRS, if you did not receive your tax refunds
First time home buyer tax credit extended to April 2010
The U.S. Congress took steps to help first time home buyers by extending the tax credit
HAP tax exemption and first time home buyer tax credit for veterans
Veterans waived from repaying the first time home buyer tax credit

More Tax Headlines