Representatives from Women’s Action for New Directions (WAND) and the American Federation of State, County and Municipal Employees (AFSCME), along with other local organizations, will speak on tax and budget fairness at a rally at the Capitol today at noon. The event, part of a series called “Truthful Tuesdays” coincides with the income tax deadline today.
Taxes
Posted inArkansas Blog
Tax day should be easier
With the deadline for filing income taxes fast approaching, it’s a good time for a reminder that filing individual income taxes could be quick and basically automatic for most Americans. In most cases, the IRS has all the information it needs to do your taxes for you.
Posted inArkansas Blog
A tale of two states: Texas and Arkansas and the shale boom
Smart money says the Republican majority will override Gov. Mike Beebe’s veto of a tax break on sand used in fracking for gas and oil. It’s clearly an unconstitutional measure because it didn’t get the two-thirds vote necessary to consider non-fiscal items in a budget session. But it’s also bad policy and a sweetheart deal.
Posted inArkansas Blog
February state tax take below forecast
February as another month of mixed results on state revenue, though the total still came in ahead of last year. The key monthly numbers, including poor results on sales taxes:
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Corporate tax rates don’t necessarily mean big tax bills
A new report from the Citizens for Tax Justice of the country’s biggest corporations shows that many don’t pay anything like the top 35 percent corporate income tax rate. Many pay nothing at all.
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Schools closed in Pulaski; what else? Mike Ross policy talk still on.
The expectation of coming ice prompted closure of all school districts in Pulasi County today
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State revenue continues ahead of last year, near forecast target
The state report on tax revenue in December shows gross and net revenue for the month just about on target with the forecast, up about 3 percent over last year.
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Legislature needs remedial arithmetic
News this morning that legislators are proudly touting a new law that will take away college lottery scholarship funding from students who don’t take the Smart Core curriculum is somewhat paradoxically paired with this report from Stephens Media:
Posted inArkansas Blog
State revenue exceeded forecast in October
Four months into the year and the state has piled up more than $37 million in net revenue beyond the forecast.
Posted inArkansas Blog
There are no bad years for the super rich
Interesting reading in the New York Times this morning from James Stewart, who reviews IRS data on 2009, a bad year in the stock market but not a bad year for the 400 highest earning U.S. taxpayers.