When you were a first-time homebuyer, you were probably surprised by the total amount of fees and closing costs. Are you familiar with the costs on the selling side?
A recent study from Zillow and Thumbtack calculated the average costs of selling a home both nationwide and in specific markets. The national average is $20,851,
Sales Taxes
A New Avenue for State and Local Taxes Americans love shopping online, in large part because of lower prices. Online merchants offer lower prices because they have a lower overhead compared to traditional brick-and-mortar retailers – and they also enjoy a sales tax advantage.
A 1992 Supreme Court decision prohibited states from requiring businesses to
Does your home state encourage or discourage partying? A simple way to assess the partying tolerance level is through “sin taxes.” Granted, low sin taxes do not necessarily equate to more partying, but they certainly don’t hurt.
Alcohol and tobacco taxes are huge cash generators for governments, adding $7.04 billion and $18.17 billion respectively to
Senate Judiciary Committee Chair Bob Goodlatte has introduced a new draft of the Online Sales Simplification Act (OSSA) that, if passed, would create an online sales tax that is much less complicated than the current method for online retailers to collect taxes. The way internet sales taxes are currently collected depends on whether the retailer
According to a report by the Institute on Taxation & Economic Policy, illegal immigrants in the United States pay in almost $12 billion dollars in taxes annually. This amount includes sales, property, income, and excise taxes that go to local and state budgets. The findings contradict the talking points of many politicians seeking support for
Ladies, how much are you paying in “pink tax”? That’s the amount of additional money you’re paying just for being female. We’re not just talking about clothing and haircuts… we mean, fashion and coifs. You’re even paying more for games and toys, according to a recent study by the New York City Department of Consumer
Very few, if any, Americans like our current tax system but there is little agreement on how to change it. The fault lines are usually along the same philosophical arguments.
Progressivity – What is the proper definition of “fair share” of taxes? Is it based more on pure percentages, where everyone pays the same percentage