Why Are States Not Increasing The Cigarette Tax?

The Centers For Disease Control Says That States are Behind In Increasing the Cigarette Tax

One of the best ways to help cut smoking is by boosting cigarette prices. However, a CDC report indicates fewer states are doing that.

15 states in 2009 raised their excise taxes, but only 8 states in both 2011 and 2010 did the same. While New Hampshire decreased it. The report states that increasing the tax reduces overall demand and helps stop teen from beginning. Only 1 in 5 teens smoke, but there is a drop-off of the decline.

The report mentions that the national … Read the rest

Tax Carnival Ecstasy – March 27, 2012

Welcome to the March 27, 2012 edition of Tax Carnival Ecstasy. We start this edition with Stefanie who has an article Tax Time, and how she is loving TurboTax while filing her own return. Mark Roberts takes a look at the The Tax Brackets for 2012. We  have a post on the Common Bookkeeping Mistakes That Weigh Down On Business Profits by Bill Smith. And finally there’s a look at the 2013 Federal Budge and how it affects your taxes. Hope you enjoy the articles, bookmark, share, tweet, like on Facebook and come back soon.

Frank Goley presents Bond Analysis

Read the rest

Simple Tips To Help You Save On Taxes At Work

If you want to reduce the amount of tax you pay, you should let your employer cover some of your expenses.

By simply allowing your employer to cover your expenses with pre-tax dollars, you will be able to save hundreds and sometimes even thousands of dollars annually.

The best way to save on taxes.

Make arrangements with your employer to pay for some of your expenses every month. Ask you employer to pay for an expense straight up. Any employer will do this because, a) Its a wonderful thing to do, and b) The expense will be a deductible expenseRead the rest

Planning For Tax Changes

Potential changes in the tax laws proposed by President Obama mean that right now is a great time to start budgeting for your 2012 taxes.  One major change will be a change for those in the highest tax bracket from fifteen to nearly forty percent as part of sweeping increases in taxes collected from high-income individuals in the next ten years.

The plan calls for high taxes on earnings from dividends, a departure from earlier policies that protected earnings on this type of income.  The White House feels that the system for taxing investment earnings is one of the most … Read the rest