Local Tax Fairness Backlash From National Poll
A national poll by the Advisory Commission on Intergovernmental Relations finds taxpayers dislike the local property tax most and feel federal taxes deliver more value. Among taxes, 34 percent rank local property tax as least fair, with 24 percent for federal income tax, 17 percent state sales tax, and 11 percent state income tax. Regional differences show varied attitudes toward tax policy and incentives, while trust in local government varies by age, education, and income. The study, conducted May with 2006 respondents, is yearly and cross-sectional.
MENTIONED IN THIS ARTICLE
Washington
Saya
Advisory Commission On Intergovernmental Relations
Cen
Ment
John Shannon
Asistant
Commission
Opinion Research Corp
Princeton, N.J
U.S
House panel backs oil tax plan to share revenue
A House Ways and Means Committee vote approved Carter's crude oil tax and a revenue sharing scheme. Every adult would receive about 22 dollars next year, with future rebates via the income tax system. The plan raises crude oil prices to world levels, boosts gas prices by 3 to 5 cents a gallon and home heating oil by 3 to 4 cents, while projecting 200,000 barrels daily in oil savings by 1985. An earlier provision to give oil producers a 65 billion subsidy was rejected 20 to 47.
MENTIONED IN THIS ARTICLE
Washington
Carter
House
Ways and Means Committee
United States
Grand jury resumes probe into GM tax scheme alleged by federal inquiry
A Cleveland attorney says GM may have misled the government about tax accounting for materials, with a grand jury reopened to determine if the automaker underpaid taxes by hundreds of millions. U S District Judge James P Churchill limited sharing jury evidence with the IRS and left open a possible appeal. GM has paid about 6.3 billion in federal taxes since 1972.
MENTIONED IN THIS ARTICLE
General Motors Corp
A.B. Atty
Philip van Dam
U.S
James P. Churchill
Internal Revenue Service
George Monscarino
Cleveland
IAS
IRS
Justice Department
Grand Jury
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