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Posts Tagged “

Taxes

cellphones

Senators Propose Bill Banning Higher Cellphone Taxes; We Like This Bill

Just in case you haven't noticed the outrageous charges on your bill every month, Uncle Sam just loves taxing cellphones and wireless charges. While the average tax rate for most products is 7.07%, on wireless services it's a whopping 15.9% when you combine the local, state and federal taxes. Not cool. Well, some senators are trying to get reelected fighting for the little guy, proposing a five-year ban on more cellphone taxation. More »

lawsuits

Amazon Sues New York to Stop Collecting Sales Tax

Amazon has filed suit against the state of New York in response to the law passed last week that requires the company to collect sales tax on purchases made by New Yorkers. They say the law, which demands any web retailer with affiliates in the state to charge sales tax, is vague and unconstitutional. The company also says they've been unfairly targeted since lawmakers dubbed the bill the "Amazon Tax." I hope they're right and the law gets repealed; I'm not spending 8.375% more of my hard-earned money than I should until this is worked out. [NYT]

question of the day

Question of the Day: Will You Spend Your Tax Refund On Gadgets?

The economy is going down the toilet, so you get to stick your hand in Uncle Sam's pockets to "stimulate growth." America needs you to go out and spend, spend spend! So the question is will you heed the call? Will you be a patriotic consumer and rush out to buy a gadget you have your eyes on, will you piddle it away on a non-gadget related item, or will you save it like a wuss? More »

new york hates me

No More Tax Free Online Purchases For New York With New "Amazon Tax" Bill

In case living in New York wasn't already expensive enough, state lawmakers passed the "Amazon Tax" bill this week, which will require online retailers to collect sales taxes on purchases shipped to the state, even when they don't have physical operations there. More »

home entertainment

Deduct A/V Gear From Your Taxes? Whaaaaaaawesome!

Sound and Vision has done their homework and finagled five tips that will help you get Uncle Sam to pony up for your home theater gear. Now, I'm no expert on these matters, but the advice seems to be viable—although making it happen is going to require a bit of work on your part. More »

death and taxes

Wisconsin Senator Wants to Tax Consoles and Games to Pay for Juvenile Delinquent Rehab Programs

Wisconsin State Senator Jon Erpenbach wants to pay to keep non-violent youth offenders out of adult court by funding rehab programs for juveniles declared delinquent by taxing another class of (usually) non-violent delinquents: gamers. His proposed one-percent tax on game consoles and games actually doesn't tack an obscene penalty onto the receipt—$4.50 on an Xbox 360 Elite. We like the idea of the program but not singling out gaming to foot the bill in principle, 'cause it ties gaming to being a bad seed in two ways: More »

deals

Dealzmodo: Free Taxcut Premium Software

H&R Block, with the help of Travelocity, is offering a free download of the tax preparation software, TaxCut Premium, for free. The download also includes the Deduction Pro software, you know, for deductions. Be sure to remove the Extended Download Protection from the cart to get it all for free. This reminds me, tax season sucks. More »

feature

Frankenfight: Best Tax Software

It's that time of the year again. No, we're not referring to tax season—we actually mean it's that time when you've officially stopped feeling guilty for backing out on any and all New Year's resolutions. But it just so happens that this glorious tradition lines up with our tax season procrastination. More »

cellphones

Spanish-American War Ends, Cellphone Bills Go Down

If you recall back to January, we reported on a little tax that Teddy Roosevelt started back in 1898 to help fund the Spanish-American war. This 3 percent federal exise tax is still affecting landline and cellphone bills today. The good news is that the Spanish-American war has finally ended because the Treasury Department is eliminating the tax after a long legal battle. Three percent may not seem like much, but this is a big win for the consumers. More »