Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

9/25/2013 (1 year ago)

Catholic Online (www.catholic.org)

State and local income, sales, motor fuel, motor vehicle, alcoholic beverage taxes go skyward in 2nd Quarter

Taxes went up - is that news? Taxes rarely go down. However, in the nation's 2nd Quarter, taxes went skyward all over the place. Local individual income taxes, general sales and gross receipt taxes, motor fuel taxes, motor vehicle taxes, taxes on alcoholic beverages hit all-time highs this year, according to data released by the Census Bureau.

Resorting to the respite offered by the devil drink to increased taxation proved fruitless as well.

Resorting to the respite offered by the devil drink to increased taxation proved fruitless as well.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

9/25/2013 (1 year ago)

Published in Business & Economics

Keywords: Taxes, liquor, personal, state, federal, roads


LOS ANGELES, CA (Catholic Online) - Americans paid more in each of these categories than they ever did before in the quarter that ran from April through June of 2013. This means no quarter - of any year since the bureau first started tracking state and local tax revenues in 1962 have taxes ever climbed this high.

A record of $114.032 billion in state and local individual income taxes was paid by Americans in the second quarter of this year, up from $7.787 billion, 7.3 percent - from the previous all-time record of $106.245 billion Americans paid in the second quarter of 2008.

Americans also paid a record of $82.212 billion in state and local general sales and gross receipts taxes in the second quarter of this year.

There was new found pain at the pump. Americans also paid a record of $11.254 billion in state and local motor fuels taxes in the second quarter of 2013. That was up $135 million, or 1.2 percent - from the previous record of $11.119 billion paid in the second quarter of 2012.

It was even more expensive to take to the road. Americans also paid a record $7.945 billion in state and local motor vehicles taxes in the second quarter of 2013. That was up $43 million, or 0.5 percent - from the previous record of  $7.902 billion paid in the second quarter of 2012.

Resorting to the respite offered by the devil drink proved fruitless as well. Americans paid a record of $1.827 billion in state and local alcoholic beverage taxes in the second quarter of 2013. That was up $25 million, or 1.4 percent-from the previous record of $1.802 billion paid in the second quarter of 2012.

The second quarter of 2013 ranked only as the third highest ever for overall state and local tax revenues. The highest ever total state and local tax revenues for any quarter was the fourth quarter of last year, when state and local governments took in $398.510 billion in total taxes.

Click here to learn about our Saint Michael the Archangel conference this Nov 1-3!

---


Pope Francis: end world hunger through 'Prayer and Action'


2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for January 2015
General Intention:
That those from diverse religious traditions and all people of good will may work together for peace.
Missionary Intention: That in this year dedicated to consecrated life, religious men and women may rediscover the joy of following Christ and strive to serve the poor with zeal.



Comments


More Business & Economics

Game over: Saudi Arabia threatens to increase oil production to dangerously drive America out of the oil market Watch

Image of America's rising oil production has threatened Opec's control of the global oil market, but Saudi Arabia may be striking back, upping its own production in order to drive costs beyond the ability of American oil corporations to compete.

By Matt Waterson (NEWS CONSORTIUM)

Despite the continuing decline of the price of oil, Saudi Arabia has actually increased its oil production in an attempt to gain a victory in the oil war against shale drillers in the United States. LOS ANGELES, CA (Catholic Online) - The Middle Eastern oil ... continue reading


Talk about a killer app! Apple posts largest profit in history of mankind Watch

Image of The iPhone 6, which has helped Apple post the record largest profit ever made by a corporation.

By Matt Waterson (NEWS CONSORTIUM)

Apple has sold 74.5 million iPhones in just the last three months, helping the tech giant's profits soar to $18 billion, up more than 37 percent. LOS ANGELES, CA (Catholic Online) - This is the largest profit ever made by a corporation, edging out the $16.2 billion ... continue reading


ECONOMIC EARTHQUAKE: IBM rumored to lay off 110,000 employees - biggest cull in business history Watch

Image of First reported on the Forbes Web site, IBM scoffed at the news. Representatives said that the reported scale of the job cuts

By Catholic Online (NEWS CONSORTIUM)

There are alarming indications that the largest corporate layoff in history may be near. There are rumors afoot that computer IBM plans to lay off 110,000 employees shortly. As their entire worldwide workforce is estimated at 430,000, this represents a quarter ... continue reading


Living on less than $2 dollars a day: Only 5 percent of global wealth belongs to the poorest 80 percent of the world Watch

Image of Millions of people around the world are living off of less than two dollars a day.

By Abigail James (NEWS CONSORTIUM)

The staggering increasing inequality among the wealthy and poor around the world continues to be a pressing issue. Eighty rich billionaires have as much money as 3.5 billion of the poorest people. LOS ANGELES, CA (Catholic Online) - The wealthy are occuring their ... continue reading


An amazing 2,500 of the world's most prestigious people canvas Davos, Switzerland for this year's World Economic Forum Watch

Image of

By Abigail James (NEWS CONSORTIUM)

Around 1,700 private jets will cover the sky, as the most elite people of the world descend on the annual World Economic Forum in Davos, Switzerland. Throughout the next week, world leaders, wealthy businessmen and even influential pop stars will come together to speak ... continue reading


Do they have your best interests at heart? A shocking 50 PERCENT of the global wealth precariously belongs to only ONE PERCENT of the world's population Watch

Image of Nearly 50 percent of the world's entire riches belong to only one percent of its people.

By Abigail James (NEWS CONSORTIUM)

Davos men, the world's most elite billionaires and politicians, gather at the World Economic Forum to once again attempt to tackle inequality between the rich and poor as the disparity continues to grow. LOS ANGELES, CA (Catholic Online) - Every year the world's ... continue reading


Downturn of low gas prices: Schlumberger to cut 9,000 jobs due to decline at pump prices Watch

Image of The precipitous fall of $1.8 billion came in a series of one-time charges related to the steep fall in commodity prices.

By Catholic Online (NEWS CONSORTIUM)

There is a downside to the plunging prices at the gas pump: Americans will be losing jobs as companies struggle to make up the difference in falling revenue. Case in point: Schlumberger is cutting 9,000 jobs due to low oil prices. Other petroleum companies are ... continue reading


Improved economy? Study says labor force participation at 36-Year Low Watch

Image of The labor force participation rate is defined as the percentage of the civilian non-institutional population who either had a job or was actively seeking one during the month.

By Catholic Online (NEWS CONSORTIUM)

Gas prices may be cheaper, consumer confidence may be higher - but that does not take away from the brutal fact that many Americans remain jobless. A record 92,898,000 Americans 16 and older did not participate in the labor force in December, as the labor force ... continue reading


The Rise and Fall of the World's Poorest Nations Watch

Image of Leaving list of LDCs entials that of productive capacity development, structural transformation resilience building and sustainable improvement in human and social capital.

By Thalif Deen, Inter Press Service

The world's 48 Least Developed Countries (LDCs) - a special category of developing nations created by the General Assembly in 1971 but refused recognition by the World Bank - have long been described as "poorest of the poor" in need of special international ... continue reading


Is pot the future boom business? The founder of Pay Pal thinks so Watch

Image of The co-founder and former CEO of PayPal, Peter Thiel is investing multiple millions of dollars into Privateer Holdings, a Seattle-based marijuana growing, production, distribution and information company.

By Matt Waterson (NEWS CONSORTIUM)

Founders Fund, a $2 billion dollar, San Francisco-based venture capitalist firm ran by the co-founder and former CEO of PayPal is moving in a new investment direction, turning towards pastures a little greener than former tech and Silicon Valley ... continue reading


All Business & Economics News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Deuteronomy 18:15-20
15 Yahweh your God will raise up a prophet like me; ... Read More

Psalm, Psalms 95:1-2, 6-7, 7-9
1 Come, let us cry out with joy to Yahweh, acclaim ... Read More

Gospel, Mark 1:21-28
21 They went as far as Capernaum, and at once on the ... Read More

Reading 2, First Corinthians 7:32-35
32 I should like you to have your minds free from all ... Read More

Saint of the Day

Saint of the Day for February 1st, 2015 Image

St. Brigid of Ireland
February 1: Brigid was probably born at Faughart near Dundalk, Louth, ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter