by Malah Armstrong | Jun 3, 2024 | Newsletters, The Utah Taxpayer
“We’re just holding the rate steady.”“We’re keeping the same tax rate as last year.”“We’re keeping the tax rate year over year flat.”Sounds like it’s Truth in Taxation time! Over the next few months, dozens of taxing entities will mail out their Truth in...
by Tax Watchdog | Apr 29, 2024 | Newsletters, The Utah Taxpayer
Our 2024 Beehive Family Report was released on April 15th to illustrate the impact of federal, state and local taxes on a typical Utah family. The family is comprised of two working parents and three children, one of whom was born in 2023. The family owns a fully...
by Rusty Cannon | Apr 29, 2024 | Newsletters, The Utah Taxpayer
In April, the 17th edition of Rich States, Poor States was released by the American Legislative Exchange Council (ALEC). This annual report ranks the 50 states with the best economic outlook based on several different factors. For the 17th year in a row and for the...
by Malah Armstrong | Apr 29, 2024 | Newsletters, The Utah Taxpayer
My dad and brother flew out from Scotland in January to “come visit” for a week. I hardly saw them. They spent every day at Brighton ski resort from dawn til dusk. They didn’t want to risk their snowboards getting damaged on the flight, so they rented at the resort;...
by Malah Armstrong | Apr 29, 2024 | Newsletters, The Utah Taxpayer
The Legislative Auditor’s report on property taxes, presented on April 17th, confirmed what many have long suspected: property taxes are not made equal. They concluded that commercial properties are undervalued, and that many Utah taxpayers are confused by the...
by Rusty Cannon | Apr 29, 2024 | Newsletters, The Utah Taxpayer
Between 2021 and 2023 a wave of state tax cuts swept across the nation. 27 states, including Utah, reduced the rate of a major tax. Typically, the income tax has been reduced because everyone knows that is the best way to drive economic growth and grow tax revenues...
