by Tax Watchdog | Mar 5, 2020 | Newsletters, The Utah Taxpayer
The 2018 Utah Legislature was praised by various national business advocacy groups for eliminating the three-year life sales tax on manufacturing and mining machinery, equipment and replacement parts. The legislature was also recognized for finally passing the single...
by Tax Watchdog | Mar 5, 2020 | Newsletters, The Utah Taxpayer
Whenever the subject of income taxes comes to the forefront in debates on taxation, there is always a lot of gnashing of teeth and strong opinions about who pays the most and who pays hardly any. One can hear tales of the middle class (who knows what the definition of...
by Tax Watchdog | Mar 5, 2020 | Newsletters, The Utah Taxpayer
All states rely on federal aid to fund everything from social services to education. According to a new study from the Washington, D.C. based Tax Foundation, in fiscal year (FY) 2017 the states for which federal aid made up the smallest share of state general revenue...
by Tax Watchdog | Feb 5, 2020 | Newsletters, The Utah Taxpayer
Corporate income taxes are levied in 44 states. Though often thought of as a major tax revenue source for states, corporate income taxes actually only account for an average of 4.73% of state tax collections and 2.27% of state overall revenue. In addition, the...
by Tax Watchdog | Feb 5, 2020 | Newsletters, The Utah Taxpayer, School Spending
According to your Taxpayers Association’s School Spending Report, Utah spends an average of $9,932 per student annually. The annual School Spending Report looks at spending from all 41 school districts and combined charter school expenditures. The report finds...
