Investment income is taxed twice: once when you earn it as wages, and a second time on any investment earnings. If your money is invested in a corporation, the corporate income tax takes another slice of your investment.
We need to quit robbing Peter to pay Paul, because I think we can all see the writing on the wall. We’re looking at higher taxes to refill these gaps.
“Taxing by price may not be stable, taxing by weight could encourage use of high potency products, and taxing by potency could complicate tax collection and add significant costs to both tax collectors and industry,” Boesen said.
Vermont’s grotesque tax burden was a big reason why our state never really recovered from the Great Recession. This doubling down on a failed policy prescription will ensure an even greater failure to recover from this recession.
Let’s tax PACs and lobbyists. Taxing would be good for revenue, good for our state, and good for our citizens and republic. Vermont could tax its way to freedom and lead the nation by doing so. What should we call this tax?
The lead bill to glide through the Senate was S.337, which would allow Energy Efficiency Vermont and Burlington Electric the authority to spend some of their ratepayer tax funds on transportation and heating efficiency projects.
As Vermonters and the businesses that employ us struggle to get back to some sort of economic normalcy, the Vermont House Ways and Means Committee is contemplating raising $167 million in new taxes to offset lost revenue for the Education Fund.
April is the first full month of revenue collections since a state of emergency was declared by Gov. Scott, and the subsequent mitigation “Stay Home Stay Safe” order was issued on March 24. April revenues collected were predictably and dramatically under the consensus forecast for the month.
Vermont’s 2020 state budget was $6 billion. So, if we are determined to keep the same level of services and programs in 2021, how can we do it given the projected loss of $596 million in revenues?
The annual study gave New Hampshire rave reviews. The Granite State ranked No. 1 of all 50 states for taxpayer Return On Investment. Vermont came in 42nd.
There will “undoubtedly” be state budget cuts due to the effects of the coronavirus pandemic, Gov. Chris Sununu said Wednesday.