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Wednesday, January 12, 2011

Hold on to your wallet...

Here They Come For Your Money – Dozens Of States Are Raising Taxes In 2011

According to the National Association of State Budget Officers, over the past couple of years a total of 36 out of the 50 U.S. states have raised taxes or fees of some sort. Other organizations put that number even higher.

And more tax increases are on the way. The following are just a few of the states that are talking about even more tax increases in 2011....

Illinois - In the state of Illinois, lawmakers are attempting to push through a 66 percent increase in the personal income tax rate. There is also a proposal to more than double the tax on cigarettes.

Connecticut - Dan Malloy is asking state legislators to approve the biggest tax increase that the state has seen in two decades.

California - California Governor Jerry Brown has unveiled a "draconian" budget plan for 2011 that includes 12 billion dollars in spending cuts and that maintains 12 billion dollars in tax increases.

Maryland - Lawmakers in Maryland are looking at raising taxes on gasoline and alcohol, among other things.

Georgia - Residents of Georgia will soon see a substantial increase in sales taxes on everything from groceries to water, higher cigarette taxes and possibly even higher phone taxes.

Washington State - Lawmakers in the state of Washington are proposing higher taxes on cigarettes, carbonated beverages and "hazardous substances".

Sadly, there are many more examples which could be mentioned. Tax increases are being proposed so rapidly all over the nation that it is incredibly difficult to keep up with them all.


Read more:
http://endoftheamericandream.com/archives/here-they-come-for-your-money-dozens-of-states-are-raising-taxes-in-2011

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