Topic: Sales Tax

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Where gas prices are highest

Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
Bullish on jobs? These 10 cities are.

Our list of the 10 metro areas that saw the most job growth in 2011 might surprise you.
Herman Cain's 9-9-9 plan: What would your sales tax be?

Herman Cain's 9-9-9 tax plan would create a new 9 percent federal sales tax. Here are estimates of the cumulative state, local, and federal sales taxes that consumers in each state would have to pay under the plan.
GOP debate: Who said it? A quiz.

Many things were said at the Sept. 7 GOP presidential debate at the Reagan Library in Simi Valley, Calif. Can you remember who said what?
Top 5 states for business

The economy may be looking better for some states this year, but budget woes are a challenge from east to west. In its fifth annual ranking of America’s Top States for Business, CNBC for the first time took into account state budget gaps among the 43 metrics that go into its rankings. That made for some interesting changes this year, with last year's Nos. 1, 3, and 5 states falling while other states climbed in rank. Here are the Top 5 states for business:

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Where gas prices are highest

Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
Tax VOX
Amazon taxes: Good for states, and taxpayers, too

States are slowly enacting laws that would require online vendors to collect state and local taxes,  with mixed success. But the shift will benefit everyone and make tax laws fair.
Tax the rich ... more? Why Jerry Brown changed his plan to save California.

California Gov. Jerry Brown wants voters to back his ballot initiative to raise taxes. But this week he changed it to fend off a teacher's union that could have ruined his plans.
Bullish on jobs? These 10 cities are.

Our list of the 10 metro areas that saw the most job growth in 2011 might surprise you.
Tax VOX
What tax reform would mean at the state level

Congress could go a long way towards fixing the federal system without destroying state revenue codes—but only if reform is done carefully.
Capital gains tax: a way to fund schools?

Capital gains tax proposed by a Washington State Democrat as a way to fund education. But a capital gains tax would require bipartisan effort as legislature works to address a nearly $1 billion budget shortfall.
Tax VOX
What is a 'value-added tax' and what can it mean for the economy?

A well-designed Value-Added Tax, a national consumption levy that would tax household purchases of all goods and services, could simplify the tax code for most households and finance significant reductions in corporate and individual income tax rates without adding to the budget deficit.
The Vote
For Herman Cain, allegation of 'extended' affair comes as campaign fades

Herman Cain was already slipping in the polls before he acknowledged Monday that new allegations of a long-term affair would be surfacing.
The New Economy
Real tax reform: flat-tax simplicity with a progressive twist

There are good reasons for a simpler tax system, as found in the flat-tax plans of GOP hopefuls Perry, Gingrich, and Cain. But they need to be made more progressive to amount to real tax reform that can pass muster politically.  
Super committee and California: Can they each break through dysfunction?

The nation's capital and the capital of the nation's most populous state both seem dysfunctional. But even as the congressional super committee looks set to fail, a bipartisan group of high-profile Californians is readying ballot initiatives to reengineer state government, including tax reform.
Tax VOX
A fix on the horizon for the online sales tax mess

The new measure  would allow states to require online retailers to collect sales taxes on all purchases, as long as the states first agree to simplify their sales tax rules. Remarkably, the idea has broad support in the business community and may actually pass.
On the Economy
9-9-9 will get you...eventually

Sales taxes apply to all income, because it will be spent, eventually.
Tax VOX
9-9-9 plan would cut taxes for the rich, raise them for almost everyone else

Herman Cain's 9-9-9 tax sounds great: small numbers, nice symmetry. But under the plan, a typical household making more than $2.7 million would pay a smaller share of its income in federal taxes than one making less than $18,000.
GOP debate: What to watch for from Herman Cain and Mitt Romney

Herman Cain's front-runner status makes him a target. Mitt Romney needs to win over more conservatives. Can Rick Perry rebound?
The Vote
First chinks appearing in the armor of Herman Cain's 9-9-9 plan?

Herman Cain got a thorough grilling on his 9-9-9 plan Sunday. He acknowleded some Americans might pay more under 9-9-9, but that might not be what hurts him most among GOP voters.
Herman Cain's 9-9-9 plan: What would your sales tax be?

Herman Cain's 9-9-9 tax plan would create a new 9 percent federal sales tax. Here are estimates of the cumulative state, local, and federal sales taxes that consumers in each state would have to pay under the plan.
Rick Perry has the money, but Herman Cain has 9-9-9 momentum

The Herman Cain campaign raised $2.8 million in the last quarter, compared with Rick Perry's $17 million and Mitt Romney's $14 million. But Cain's poll numbers are rising with voter interest in his '9-9-9' tax plan.
Herman Cain 9-9-9 sticker shock? 18% sales tax possible in some states.

Under the Herman Cain 9-9-9 tax plan, a new federal sales tax would be added on top of existing state and local sales taxes. That means 9-9-9 could yield large sales taxes in some places.
Herman Cain: Who came up with the 999 plan?

With Herman Cain now a GOP front-runner in some polls, DCDecoder offers a four-point primer on Cain's 999 plan.
9-9-9 tax plan: Does it make Herman Cain a Robin Hood for the rich?

9-9-9 tax plan is helping Herman Cain soar in GOP presidential polls. But does a 9 percent national sales tax and a flat 9 percent income tax take from the poor and give it to the rich?
GOP presidential debate fallout: Is Mitt Romney becoming inevitable?

At Tuesday's GOP presidential debate, Mitt Romney fielded questions deftly, attacked when given an opening, and stayed out of jab-fests. Contenders so far haven't knocked him off stride.
Herman Cain's '999 plan': long overdue tax reform or job killer?

Herman Cain's political star is lately on the rise, thanks in no small part to the persistent marketing of his '9-9-9 plan' to reform the tax code. Independent economists say the plan takes us into uncharted territory.
Tax VOX
California accepts a deal. Maybe.

Agreement between the state's legislative leaders and Amazon would delay internet tax collection until Sept. 2012
GOP debate: Who said it? A quiz.

Many things were said at the Sept. 7 GOP presidential debate at the Reagan Library in Simi Valley, Calif. Can you remember who said what?
Tax VOX
Amazon vs. sales tax

Despite Amazon's best efforts for a delay, California governor Jerry Brown holds firm on a new state law requiring online retailers to collect sales tax