Author Topic: Tax hikes coming -- for SOME states  (Read 296 times)

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Offline Matthew

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Tax hikes coming -- for SOME states
« on: June 04, 2009, 03:07:08 PM »
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  • And this is why I
    A) live below my means, and
    B) live in Texas


    Some 29 states are recommending tax and fee increases for the coming fiscal year -- for a total increase of $24 Billion:

    California, which is struggling to close a $21.3 billion budget gap, accounts for $11.3 billion of the hike. Illinois makes up another $4.4 billion, while New York is proposing $4 billion in additional levies.

    Hikes in personal income taxes account for $8.8 billion, while sales taxes are set to rise $6.5 billion. Higher cigarette taxes would bring in $1.5 billion, while corporate taxes would rise $539 million.
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