OT: record high state and local taxes

Which simply means that those tax increases sure bring in more money. Until the folks can no longer afford fuel, vehicles...they will always buy booze...though Im expecting moonshiners to be making a come back.

"The socialist movement takes great pains to circulate frequently new labels for its ideally constructed state. Each worn-out label is replaced by another which raises hopes of an ultimate solution of the insoluble basic problem of Socialism, until it becomes obvious that nothing has been changed but the name. The most recent slogan is "State Capitalism."[Fascism] It is not commonly realized that this covers nothing more than what used to be called Planned Economy and State Socialism, and that State Capitalism, Planned Economy, and State Socialism diverge only in non-essentials from the "classic" ideal of egalitarian Socialism. - Ludwig von Mises (1922)

Reply to
Gunner Asch
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special for Ed H.

Revenues from state and local individual income taxes, general sales and gross receipt taxes, motor fuel taxes, motor vehicle taxes and taxes on alcoholic beverages each hit all-time highs in the second quarter of this year, according to data released today by the Census Bureau.

That means that in no quarter of any year since the Census Bureau first started tracking state and local tax revenues in 1962 have Americans paid more in each of these categories of state and local taxes then they did in the quarter that ran from April through June of 2013.

- See more at:

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Reply to
F. George McDuffee

So was the tax burden increased or are people just spending more?

Best Regards Tom.

Reply to
Howard Beal

The second reference to the year 1962 in the article is obviously an editing error.

That said, probably this is actually good news; it indicates that the economy is indeed improving.

Reply to
PrecisionmachinisT

Gunner Asch on Mon, 23 Sep 2013 19:48:58 -0700 typed in rec.crafts.metalworking the following:

Tax increases work, to a point. But that point is where it becomes cheaper to buy "na leva" ("on the left", under the table, back of the truck). And smuggling becomes even more profitable. E.G. the taxes on Cigarettes in NYC make smuggling cigs into the city a very lucrative proposition. Not to mention that the penalties for running tobacco are currently less than for running other recreational pharmaceuticals.

-- pyotr filipivich "With Age comes Wisdom. Although more often, Age travels alone."

Reply to
pyotr filipivich

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