LeBronomics: Could High Taxes Influence James’ Team Decision?
Business & Media Institute: “NBA superstar free agent would pay over $12 million in New York income taxes, none in Miami.”
How the Expiring Bush Tax Cuts Affect You
Yahoo Finance: “The so-called Bush tax cuts are scheduled to expire at the end of the year. Although some of the cuts retain bipartisan support in Congress and may yet be extended, as of now, Washington has some severe changes in store for you and your family.”
10 States Where Taxes Are Rising the Most
U.S. News & World Report article called “10 States Where Taxes Are Rising the Most” found that Arizona is number 6 on the list of the states whose taxes are rising the fastest. The top ten are:
- New York: $8.2 billion, $419 per person
- California: $11.5 billion, $312 per person
- Delaware: $253 million, $286 per person
- Connecticut: $777 million, $221 per person
- Wisconsin: $900 million, $159 per person
- Arizona: $1 billion, $154 per person
- Kansas: $425 million, $151 per person
- Washington: $982 million, $147 per person
- Oregon: $541 million, $141 per person
- Massachusetts: $890 million, $135 per person
- New Hampshire: $161 million, $121 per person
Pack of Cigs in New York City Now $14.50
From the tax anything that moves department, aka using taxes to affect behavior: New York Post: “Smokers huff & puff over new cigarette tax. Smokers are used to coughing up a lot — but this is getting ridiculous. The price on a pack of cigarettes has skyrocketed to $14.50 at some New York City stores thanks to a hefty new tax — leaving even the most nicotine-addicted buttheads considering nixing their fix.”
Democrats Push for New Internet Sales Taxes
Cnet News: “The halcyon days of tax-free Internet shopping will, if Rep. Bill Delahunt gets his way, soon be coming to an abrupt end. Delahunt, a Massachusetts Democrat, introduced a bill on Thursday that would rewrite the ground rules for Internet and mail order sales by eliminating the option for many Americans to shop over the Internet without paying state sales taxes.”
Apparently Mr. Delahunt won’t let a little thing like the U.S. Constitution and U.S. Supreme Court case law stand in the way of taxing everything that moves. U.S. law prohibits a jurisdiction from taxing a company that does not have a presence, aka, nexus, with the taxing jurisdiction. It’s not even a maybe. It is as clear as any law can be.