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Content about Tax

July 24, 2012

Last week at the Oxford Tourism Council Meeting, positive numbers were released for the most recent figures in tax revenue. 

 
Last week at the Oxford Tourism Council Meeting, positive numbers were released for the most recent figures in tax revenue. For the month of April 2012, hotel and motel taxes collected increased dramatically. The food and beverage tax collected from restaurants also increased.

May 29, 2012

President Barack Obama is in campaign mode right now. It’s an election year, and since he is a politician, he will say, do or deny anything to get reelected. Enter his latest attempt to woo lower-class voters by targeting the upper class: The Buffet Rule.

 

President Barack Obama is in campaign mode right now. It’s an election year, and since he is a politician, he will say, do or deny anything to get reelected. Enter his latest attempt to woo lower-class voters by targeting the upper class: The Buffet Rule.

April 24, 2012

A recent study by the Center on Budget and Policy Priorities suggested that Mississippi has a tax system that is penalizing the poor. 

 

A recent study by the Center on Budget and Policy Priorities suggested that Mississippi has a tax system that is penalizing the poor. 

The article made this argument based on the idea that Mississippi’s income tax threshold has not increased at the same rate as the federal poverty level over the past 20 years. 

March 21, 2012

Mississippi has one of the lowest cigarette taxes in the nation at $0.68 a pack, regardless of the sale price of the pack. The highest is New York at $4.35 a pack.

 

Mississippi has one of the lowest cigarette taxes in the nation at $0.68 a pack, regardless of the sale price of the pack. The highest is New York at $4.35 a pack.

Meanwhile, a 2002 study by the Centers for Disease Control and Prevention determined that each pack of cigarettes sold costs society $7.18 in medically related expenses and loss of work due to early death from smoking-related illness.

This means the state of Mississippi carries a $6.50 burden on each pack of cigarettes sold in the state. That does not look very good.

March 7, 2012

In Mississippi, it seems that just about every year there is a movement to cut the grocery tax.

 

In Mississippi, it seems that just about every year there is a movement to cut the grocery tax.

The Mississippi grocery tax, though, actually isn’t a grocery tax. It is simply the sales tax that applies equally to sales of food for consumption in the home.

The 7 percent applies to the purchase of groceries as equally as it does to the purchase of any good. I seem to be missing the unfairness in that.

March 7, 2012

Groceries in Mississippi should not be subject to full sales tax. Taxing essential items like food is, simply put, the most regressive existing form of taxation.

 

Groceries in Mississippi should not be subject to full sales tax. Taxing essential items like food is, simply put, the most regressive existing form of taxation.

Currently in Mississippi, groceries are taxed at full sales tax rates, which is 7 percent. Only one other state in the nation, Alabama, charges full sales tax on groceries. In recent years, other poor states, including Arkansas and South Carolina, have moved away from the extremely regressive sales tax on groceries. All told, 30 other states completely exempt groceries as taxable goods.

November 2, 2011

What is the 9-9-9 plan? 

 

In recent weeks, presidential hopeful Herman Cain has established himself as a front-runner for the Republican Party nomination in 2012. 

Cain has been riding a mantra that consists solely of “9-9-9,” his plan to reform the tax code and create economic growth. Even if his tax plan does spur economic growth, which is questionable, in the end it will only serve to hurt the poorest people in our nation.

September 21, 2011

 

To the Editor: 

 

I am writing in response to Mr. White’s column of Sept. 20, “High rollers should be taxed, too”.  

In his column he makes several interesting claims that he justifies by asserting his own intelligence.

September 19, 2011

 

A month ago, I had the — well it wasn’t a pleasure or an honor — luck of meeting Rep. Alan Nunnelee at a town hall meeting in New Albany.  

I must admit, Nunnelee was brilliant. He had all his prepared talking points memorized by heart and a PowerPoint presentation complete with skewed results. To illustrate, at one point he had a chart of unemployment rates under Obama, conveniently forgetting the unemployment rates before he took office.

July 7, 2011

 

Citizens of Lafayette County may be in for an increase in property taxes as the Lafayette County School District requested a 4 percent increase in its budget for the next fiscal year. The property tax would only affect residents who live within the school district. 

April 15, 2011

As most of us are aware, April 15 (today!) is usually the deadline in the United States to submit your tax return to the Internal Revenue Service. This year’s deadline falls on the 18th because of Emancipation Day.

As most of us are aware, April 15 (today!) is usually the deadline in the United States to submit your tax return to the Internal Revenue Service. This year’s deadline falls on the 18th because of Emancipation Day.

Wednesday’s edition of the DM had an advertisement for a Tea Party rally in Oxford Saturday afternoon, and those two things combined got me thinking.

Regular readers of my columns might be aware that in the past I have been critical of the Tea Party, calling them a bunch of names, none of them complimentary.

April 19, 2010