Tax Foundation News
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April 18, 2013 - The Tax Foundation reports that today is ‘Tax Freedom Day’ or the length of time each year it takes for Americans to pay their federal, state and local taxes. This year’s date comes five days later than 2012 due to the bump up in federal taxes, the foundation says. Here’s a link to their data. Warning, this will depress you.
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New Jersey’s average residential property-tax bill rose 1.6 percent to a record $7,885 last year as most towns abided by Governor Chris Christie’s 2 percent cap on the levies, slowing the growth rate, according to state data.
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New Jersey sold $350 million of new- money general-obligation debt with Bank of America Merrill Lynch the winning bidder and 10-year debt priced to yield 1.89 percent, data compiled by Bloomberg show.
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New Jersey Governor Chris Christie, who toppled Democrat Jon Corzine in 2009 as voters grew weary of the state’s economic slump, may be on the wrong end of the same issue as he seeks a second term in November.
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New Jersey residents have the highest state and local tax burden in the nation, a Tax Foundation study said today.
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Mitt Romney says his tax plan adds up. President Barack Obama says it doesn’t. They don’t even agree on what “add up” means.
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Illinois, Florida and Maryland will offer sales-tax holidays for back-to-school shopping this year, bringing the number of states doing so to 18, even as officials cope with record budget deficits.
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Payroll-tax cut equals growth. Consumer spending equals growth. Consumer spending is 70 percent of the economy. All growth is equal.
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Ionia, Michigan, borrowed half as much for a new fire truck last year as it planned, and its main drag is freshly paved. The benefactor: its income tax.
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Randy Murray is in the second month of filming a six-episode series in Regina, Saskatchewan called “Edge of War” for television networks owned by Discovery Communications Inc. He says he’d rather spend the $2.5 million budget for the project back home in Arizona.
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