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SmartMoney Blogs

The Tax Blog
The latest news, insights and tips about taxes

Tax Hikes Boost State Coffers, Thin Your Wallet

State and local tax revenues increased in the third quarter–an about face from a year ago. Most of the increase has come from a bump-up in revenue from income and sales taxes, which fell in the recession, leaving many states facing budget gaps.

Combined state and local tax revenues rose 5.2% to $284.3 billion in the third quarter of 2010 over the same quarter in 2009, when tax revenues fell by 5.4% from the year-earlier period, The Wall Street Journal reported.

The Journal reported that personal income tax receipts were up 4.8% in the third quarter and edged up the amount collected in sales taxes by 4%. Property taxes were also up—a whopping 7.8%, despite the continued uptick in foreclosures and falling home values. Where does all this extra cash come from? Your pocket, of course. To be sure, governments have seen tax revenue growth as more Americans have seen a boost in their salaries and, in turn, increased their spending. But not all of that revenue is driven by happy consumers. Many cities and states have also increased their income and sales tax rates to make up for recession-related shortfalls.

For example, if you live in California you paid 8.25% in sales tax in 2010, compared to 7.25% in 2008. That means that new $30,000 car cost you an extra $300 in sales tax.

Sales tax in Los Angeles County will be bumped up even higher to 9.75% this year after voters approved a county-wide transportation tax and lawmakers agreed to increase the state sales tax by an additional 1%.

But it’s not all take on the part of government. There’s a little give, too. As part of the tax legislation signed in late December, Congress extended the federal itemized deduction for state and local sales taxes through 2011.

That’s a boon for taxpayers in states that don’t have income tax—like  Florida, Washington and Texas—but that might have high sales tax rates. You can check the rates in your state at Bankrate.com.

But, to get that tax break, you’ll need to be patient. Taxpayers who file for the tax deduction are among those who may have to wait until mid- to- late February for the Internal Revenue Service to update its systems to reflect changes made under the new tax law, as we wrote last week.

Readers, has your city or state raised income or sales tax rates? How has it impacted your budget? And will you wait to file for the deduction?

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

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    • By WebOsPublisher

      schedule pieces free boardmaker activity and picture communication symbol board for boardmaker software.
      Boardmaker Share

      .galleria-thumbnails-container bottom:-95px; height:70px; overflow:hidden;
      .galleria-thumbnails-list width:514px;
      DD_belatedPNG.fix(‘.top div’);
      DD_belatedPNG.fix(‘.bottom div’);
      DD_belatedPNG.fix(‘.content div’);
      #simplemodal-container .top .center,
      #simplemodal-container .content .center,
      #simplemodal-container .bottom .center
      margin:0 34px 0 35px;

      Sign Up
      /Log In
      Picks $ Tips
      Help $ Support
      —-
      Home
      Activities
      Search / Browse Activities
      Share an Activity
      Community
      Browse Groups
      Create a Group
      Browse Members
      Forums
      schedule pieces
      [Not Yet Rated]
      Rate This Activity
      Report A Problem
      Report Inappropriate Sharing

      Description:
      symbols for visual schedules
      Add Comment
      COMMENTS
      Other activities you might be interested in:
      Description:
      Some text that you want to display to the user.
      By:
      TriciA
      Affiliation:
      Bellevue Public Schools
      Experience:
      Intermediate
      Activities:
      9
      Works With:
      Download ActivityDownload Activity
      Add to My ActivitiesAdd to My Activities
      Add to GroupAdd to Group
      Send to a FriendSend to a Friend
      Details
      Stats
      Tags

      Public:
      Yes
      Last Updated:
      8/13/2011
      Number of Boards:
      1
      Interactive:
      No
      Type:
      Boardmaker (.bm2)
      Language:
      English US
      Grade Level:
      Groups In:
      BPS training class,
      File Size:
      3.87 MB
      Categories:
      Modified By Print Editor:
      No

      Downloads:
      246

      Tags:
      schedule icons

      Assign To
      Note: Once assigned to a student, this activity will be added to your My Activities & Boards list.
      Student IDFirst NameLast NameUsernameNo records to display.Refresh
      Assign Cancel
      NOTICE: Delete Activity Conflict
      The activity/activities is assigned to the following student(s):
      Please select a method for deleting this activity:
      Delete activity from my account and from my students accounts where it is assigned
      Delete activity from my account but leave a copy of it in my students accounts
      Delete
      Cancel
      1
      ##LOC[OK]##
      1
      ##LOC[OK]##
      ##LOC[Cancel]##
      1
      ##LOC[OK]##
      ##LOC[Cancel]##
      Activities
      Community
      Picks $ Tips
      Help $ Support
      Shop the Mayer-Johnson Store
      Visit Mayer-Johnson–Shop the Mayer-Johnson Store
      Connect With Us
      © 2012 DynaVox Mayer-Johnson. All rights reserved.
      $(document).ready(function ()
      $(“.open-view-in-modal”).colorbox( width: 765, height: 475 );
      jQuery(“.validateForm”).validationEngine();
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      function OnClientClose(sender, args)
      window.location = window.location;

      function OnClientActivate(sender, eventArgs)
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      function OpenPE(theID)
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      function AssignFile(fileId)

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      else
      $(‘#usernameslist’).html(“This activity is not assigned to any users”);

      $(‘#ActivityNameId’).html(“Activity Name: ” + data.FileTitle + “”);
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      ,
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      function ProcessDeleteFile(fileId)

      var divToBeWorkedOn = ‘#OperationMessageArea’;
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      var divToBeWorkedOn = ‘#OperationMessageArea’;
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      window.location.href = “/Activity/”+fileId;
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      function PlayIncompleteFile(conversionPath, fileId)

      var divToBeWorkedOn = ‘#OperationMessageArea’;
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      $(divToBeWorkedOn).modal(
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      dialog.overlay.fadeIn(‘slow’, function()
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      function AddToPlaylistIncompleteFile(conversionPath, fileId)

      var divToBeWorkedOn = ‘#OperationMessageArea’;
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      dialog.data.hide();
      dialog.container.fadeIn(‘slow’, function()
      dialog.data.slideDown(‘slow’);
      );
      );
      ,
      onClose: function(dialog)
      window.location.href = “/Activity/”+fileId;
      ,
      containerCss:width:500
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      function AssignIncompleteFile(conversionPath, fileId)

      var divToBeWorkedOn = ‘#OperationMessageArea’;
      $(divToBeWorkedOn).html(‘You will not be able to Assign this activity unless it is converted. Click Yes to convert the activity.yes no’);
      $(divToBeWorkedOn).modal(
      onOpen: function(dialog)
      dialog.overlay.fadeIn(‘slow’, function()
      dialog.data.hide();
      dialog.container.fadeIn(‘slow’, function()
      dialog.data.slideDown(‘slow’);
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      );
      ,
      onClose: function(dialog)
      window.location.href = “/Activity/”+fileId;
      ,
      containerCss:width:500
      );

      function ProcessCompleteFile(conversionPath)
      window.location.href = conversionPath;

      function AddToPlayList(fileId)

      var divToBeWorkedOn = ‘#OperationMessageArea’;
      var webMethod = ‘/services/InternalPageAJAXRequest.asmx/AddToPlayListTable’;
      var parameters = “‘fileId’:’” + fileId + “‘”;
      $.ajax(
      type: “POST”,
      url: webMethod,
      data: parameters,
      contentType: “application/json; charset=utf-8″,
      dataType: “json”,
      success: function(msg)
      $(‘#AddToPlayListLi’+fileId).html(“In Playlist”);
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      error: function(e)

      );

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      $(divToBeWorkedOn).modal(
      onOpen: function(dialog)
      dialog.overlay.fadeIn(‘slow’, function()
      dialog.data.hide();
      dialog.container.fadeIn(‘slow’, function()
      dialog.data.slideDown(‘slow’);
      );
      );
      ,
      onClose: function(dialog)
      location.reload();
      ,
      containerCss:width:500
      );

      function ProcessDeleteComment(commentId)
      var divToBeWorkedOn = ‘#OperationMessageArea’;
      var webMethod = ‘/services/InternalPageAJAXRequest.asmx/DeleteUsersFileComment’;
      var parameters = “‘commentId’:” + commentId + “”;
      $.ajax(
      type: “POST”,
      url: webMethod,
      data: parameters,
      contentType: “application/json; charset=utf-8″,
      dataType: “json”,
      success: function(msg)
      $(‘.simplemodal-close’).click();
      ,
      error: function(e)
      $(divToBeWorkedOn).html(“There was an issue deleting the comment that you selected.OK”);

      );

      var data = [ image: '/services/GetThumbnail.ashx?ID=1&width=476&height=381&FileThumbID=3182357', thumb: '/services/GetThumbnail.ashx?ID=1&width=80&height=63&FileThumbID=3182357',title: 'my first image', description: 'Lorem ipsum caption',link: '#'];
      $(document).ready(function()
      strGalleryDisplay = $(‘#tempGalleryHolder’).html();
      $(‘.galleryHolder’).html(strGalleryDisplay);
      Galleria.loadTheme(‘/App_Themes/Main2_0/galleria/themes/galleria.classic.js’);
      $(‘.galleryHolder’).galleria(
      autoplay: false,
      data_source: data,
      transition: ‘fade’,
      height:435
      );
      $(“.aside-actions-menu .inactive .upgrade”).append(‘Upgrade To Use This Feature’);
      );

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    • By WebOsPublisher

      Welcome to the AVG Forums. Here you can share your knowledge,ask questions and discuss all type of issues with other AVG users. Stay protected with AVG.
      AVG | AVG Support and Discussion Forums
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      .twitter-share-buttonheight:63px !important;
      #social-bannerdisplay:none;
      .normalBorder border: 1px solid #CDCDCD;
      #link background:url(“/stc/tpl/crp/img/forum-banner-arrow.gif”) 0 0 no-repeat; padding:5px 0 5px 25px;
      Can’t find the answer you are looking for?
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      AVG Forums » AVG Free » AVG 9/8.5 Free Editions » Green Icons On Link Shield No Longer Work
      New threadReply
      Page 2 of 2 ‹‹‹12
      October 4, 2011 08:13
      Re: Green Icons On Link Shield No Longer Work
      #175318
      Reply with Quote | Quick Reply | Top
      Pokornyz
      a.techbuddy-forum-rank color: #bb2555; text-decoration: none; font-size: 12px;
      a.techbuddy-forum-rank:hover color: #000;
      TechBuddy Ambassador
      Join Date: 29.11.2010
      Posts: 4869
      Hello LondonWA,
      First please uninstall AVAST – please read this post for more information.
      For help on your situation please install all high priority Windows update (including Internet explorer 8)
      About the add ons, the phone support had me look at those and all AVG add ons are, and always were, enabled. I checked this and could not find any way to save that file to give to you.
      Can you provide us with Screenshot of all addons.
      This missing green icon problem makes it that I cannot open any web links from Google, because they might be a virus.
      Missing icons are actually not as such important because you are still protected by AVG Surf-Shield which scans all network traffic. Icons are just to advise you which page can be infected.
      Thank you
      ___________________AVG TeamHow-To articles | FAQ | Free Support
      October 19, 2011 13:45
      Re: Green Icons On Link Shield No Longer Work
      #177598
      Reply with Quote | Quick Reply | Top
      LondonWA
      Novice
      Join Date: 27.9.2011
      Posts: 8
      PLEASE help..
      For such a good company, everything is most stressful. Firstly, I prepared the zip folder I was requested to do so. No one has replied to solve this most difficult bug. Then, although I have properly done what I need, to receive email notifications, that is not working. PLEASE help to solve this. I cannot use Google for 6 weeks now. No one helps on the phone support and they cannot be reached anyway.
      October 19, 2011 13:54
      Re: Green Icons On Link Shield No Longer Work
      #177599
      Reply with Quote | Quick Reply | Top
      LondonWA
      Novice
      Join Date: 27.9.2011
      Posts: 8
      Please excuse me, I did not know that there were two pages of posts. After reading the last post, for which I thank you, may I say the Avast was there on this computer at the same exact time as AVG, for more than a year, and AVG always had the green icons. I placed it on along with AVG for very specific reasons, and they have caught some problems that AVG apparently did not. Then, the green icons say good sites and another icon describes infected sites, so it is still essential to have those green icons. And I still do not receive email notifications. I will get the screen shot you requested,. Thank you.
      October 19, 2011 14:05
      Re: Green Icons On Link Shield No Longer Work
      #177602
      Reply with Quote | Quick Reply | Top
      LondonWA
      Novice
      Join Date: 27.9.2011
      Posts: 8
      The list of add-ons..
      Here is the list, which the phone agent also asked about. Thank you. Add ons.docAdd ons 2.doc
      October 19, 2011 14:10
      Re: Green Icons On Link Shield No Longer Work
      #177603
      Reply with Quote | Quick Reply | Top
      BIG AL 43
      Moderator
      Join Date: 18.6.2009
      Posts: 20586
      @ LondonWA
      Now you’ve posted your info.. The AVG Team are now monitoring this new AVG Forums so someone should spot your posting! They may enter the forum @ anytime. Look out for the AVG logo avatar!
      AVG Free Volunteer ModeratorAVG Free Forum member since – Nov. 27, 2004My total posts on the Old AVG Free Forum – 27,063
      AlanHow-To Articles | FAQ | Free Support
      October 21, 2011 08:12
      Re: Green Icons On Link Shield No Longer Work
      #177902
      Reply with Quote | Quick Reply | Top
      Pokornyz
      a.techbuddy-forum-rank color: #bb2555; text-decoration: none; font-size: 12px;
      a.techbuddy-forum-rank:hover color: #000;
      TechBuddy Ambassador
      Join Date: 29.11.2010
      Posts: 4869
      Hello LondonWA,
      I recommend you install all high level Windows updates (including Internet Explorer 8)
      Also please note that even if you do not see green icons you are still protected by AVG Surf Shield.
      Thank you
      ___________________AVG TeamHow-To articles | FAQ | Free Support
      October 27, 2011 23:43
      Re: Green Icons On Link Shield No Longer Work
      #178810
      Reply with Quote | Quick Reply | Top
      LondonWA
      Novice
      Join Date: 27.9.2011
      Posts: 8
      Hi. Thank you. I have already done all, except IE 8, which I might install. In the meantime, I hope someone can call me, as this has gone on a long time. I know that it is still fairly safe, but the green icons are there for a reason, and many times, it has helped to avoid clicking on an infected link. whole point is to restore those green icons, no matter what. Thank you.
      Sincerely,
      LondonWA
      New threadReply
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141.44MDow Volume:
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Unchanged
217
Decliners
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Advancers
3004
Price Chg %Chg 1 Day
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C /quotes/zigman/5065548/composite 53.48 0.20 0.38%
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T /quotes/zigman/398198/composite 33.20 -0.09 -0.27%
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Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
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Bad Credit 22.73% 22.73% 22.48%
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