by Tax Watchdog | May 3, 2022 | Blog, Newsletters, The Utah Taxpayer
Every month the Tax Commission releases its much anticipated update on revenue collections. As has been the case for over five years now, revenue is on a sustainable path. Income tax is well above target at $3.7 billion (+21.2% versus an adjusted target of 7.8%)....
by Tax Watchdog | Mar 30, 2022 | Blog, Newsletters, The Utah Taxpayer
The United States and the State of Utah have an inflation problem. According to the most recent estimate put out by the Bureau of Labor Statistics, prices in the U.S. are rising at a 7.9% annual clip. If one pivots to just the Mountain West, prices are rising at a 9%...
by Tax Watchdog | Mar 29, 2022 | Blog, Newsletters, The Utah Taxpayer
Arizona, Iowa, Indiana, North Carolina, Louisiana – the list of states that are cutting income tax rates is growing day by day. These states also have one thing in common – their income tax cuts dwarf what Utah has done so far. This fact should not be lost...
by Tax Watchdog | Mar 29, 2022 | Blog, Newsletters, The Utah Taxpayer
With cost increases at rates not seen in decades, taxpayers need to be extremely vigilant as government entities begin to form their budgets. Cities and school districts may use inflation and other cost increases to justify increasing property taxes through Utah’s...
by Tax Watchdog | Mar 10, 2022 | Newsletters, The Utah Taxpayer
Each month, the Utah Taxpayers Association releases a newsletter. This newsletter features the latest tax news from across the state. From the Capitol, city halls, county commissions, and the nation, we’ve got you covered. To join the newsletter subscriber list, click...
