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Articles posted in the income category

Bigger ’09 Paychecks Under Obama’s ‘Make Work Pay’ Tax Plan
December 31, 2008 by Alexis
Americans making less than $75,000 annually should expect to see a slightly larger paycheck every two weeks when Barack Obama takes the presidential office on January 20. While he was once believed to be re-thinking the plan he touted during the election, the President-elect is in fact expected to implement a reduced tax plan. The plan would take effect almost immediately, which could increase individual earnings by $83-$166 per paycheck during the first quarter of the year. It’s Obama’s ...
New York Enacts Digital Retail Tax - Is Your State Next?
December 17, 2008 by Alexis
In New York this week, Governor David Patterson announced the state would begin charging a digital retail tax for online purchases. The tax will go into action along with similar plans from Paterson to raise taxes on movie tickets, soft drinks, sweets and snacks, and luxury clothing items among other items. Altogether, Paterson hopes to implement 88 new fees and taxes on what he’s deemed superfluous items and purchases. The move to join the 17 other states and the District ...
States Struggle to Support Their Unemployed
December 17, 2008 by Alexis
As unemployment rates rise nationally, individual states are now facing the challenge of generating enough funds to pay for jobless benefits. The National Association of State Workforce Agency reported this week there are thirty states across the country turning to the federal government for federal aid to solve a crisis that’s seemingly feeding upon itself – less people in the workforce means less state-generated money, which in turn means less funding for the unemployed. When the economy is going ...