salestax

You've been putting your money in the bank rather than spending it, but the time is coming when you'll have to bite the bullet and buy those school clothes, that new stove or a computer for your job search. If you live in a state that offers a sale tax holiday, you can save a bundle by postponing...

According to the Wall Street Journal (subscription required), "At least 10 states are considering some kind of major increase in sales or income taxes: Arizona, Connecticut, Delaware, Illinois, Massachusetts, Minnesota, New Jersey, Oregon, Washington and Wisconsin. California and New York lawmakers...

The airlines might have found a tax loophole, and you're it. The travel consultancy firm T2 recently published a worrisome blog post that is gaining traction. The airlines' extra fees, it says, aren't just costing consumers more. They're also enabling the airlines to dodge tax to our...

If you itemize deductions on your income tax return, you can deduct either state and local income taxes paid, or sales taxes paid. You can deduct whichever is larger. For most taxpayers, it will make more sense to deduct the state/local income taxes paid. For those living in states with no income...

During an election year, one of the common themes we hear from those campaigning is how we're going to stick it to big naughty businesses. Let's make them pay more taxes. They shouldn't have big profits! Let's take those profits away! What the politicians (and their supporters) fail to realize is...