Iowa’s sales taxes are right in the middle, per this map from the Tax Policy Blog:
California ponders suicide. California’s Proposition 30 would raise top income tax rate, sales taxes (Kay Bell) California already has one of the highest tax burdens in the nation, but the bill would raise the top marginal rates to 12.3% on income over $500,000 — with no deduction for state taxes. In a state where over 12,000 public employee retirees have pensions over $100,000, the problem probably isn’t that taxes are too low.
TaxGrrrl, President Obama Supports Tax Exemption for Olympic Athletes. It’s too bad that the expats and others victims of the current jaywalker-shooting policy of enforcing offshore reporting requirements never learned to run fast, do gymnastics, or play basketball. Andrew Mitchel reports that 189 U.S. citizens expatriated in the second quarter of 2012. No doubt IRS harassment was behind some of these.
Is there a gold medal for this? The Title of Most Awful Accountant in the World Is Spoken For (Going Concern)