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Gov. Bob McDonnell Signs Largest Tax Hike in Virginia History into Law: http://t.co/iENksi7uQi
May 14, 2013 02:01 PM
taxreformer -
IRS tax return preparation invites a conflict of interest: http://t.co/oKvpIofu7Y
May 14, 2013 01:30 PM
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These destructive #Obamacare tax hikes will soon be implemented: http://t.co/opFkyf1guJ
May 14, 2013 01:01 PM
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"Saying the Marketplace Fairness Act is fair is like saying the Affordable Care Act makes health care affordable" -@MarshaBlackburn
May 14, 2013 12:30 PM
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"I can't believe #Obamacare led to higher health care costs," said no economist ever: http://t.co/J6dfnKqFYZ
May 14, 2013 12:01 PM
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#Obamacare's 10% tanning tax hits salon owners and customers, most of which are women: http://t.co/dJuaGAT9LE
May 14, 2013 11:01 AM
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Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
May 13, 2013 06:30 PM
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"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
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Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
May 13, 2013 05:30 PM
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Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
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Sebelius Veto= July 1 Tax Increase on Car Rebates
On July 1st, a tax cut for Kansans buying automobiles went away. For three years there had been an exemption that protected taxpayers from being taxed on savings that they received from automobile dealership rebates. For instance, if one received a $5,000 rebate on a $35,000 car, as of July 1st an individual would have to pay a sales tax of 7.45 percent on the $5,000 in savings, a cost to the purchaser of $372 more.
In 2009, the legislature was able to pass an extension to exempt these rebates from the 7.45 percent sales tax that buyers face in Kansas. After passing through the legislature, then Governor Kathleen Sebelius vetoed this measure which would have avoided a tax increase. This tax cut would have been helpful to auto dealerships looking to sell cars in this economy, but instead she decided to error on the side of feeding government more money rather than making further cuts in spending. She said, "While the intent of this legislation is good.....given the incredible economic challenges and revenue deficits we are facing, we simply are not able to offer these additional tax breaks right now."
Unfortunately, Kathleen Sebelius chose to punish the taxpayer and the private sector rather than cutting government. Maybe next year the legislature can pass this tax cut again and provide real relief to taxpayers and businesses trying to make a living selling cars.
Photo Credit: Your Pal Dave
